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XAU/USD Approaching Resistance, Prepare For Reversal

XAU/USD is approaching its resistance at 1316.81 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1311.71 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated. XAU/USD is approaching its resistance where we expect to see a reversal. Sell below 13... Read More ...
by Jeff Wecker
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NZD/JPY Approaching Support, Potential Bounce!

NZD/JPY is approaching our first support level at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where we expect a strong bounce above this level to our major resistance level at 74.01 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching support. NZD/JPY is nearing our first support where a bounce above this level is anticipated. Buy above 7... Read More ...
by Jeff Wecker
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NZD/USD Approaching Support, Potential Bounce!

The NZD/USD pair is approaching our first support level at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where we expect a strong bounce above this level to our major resistance level at 0.6821 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support. NZD/USD is nearing our first support where a bounce above this level is anticipated. Buy above 0.6... Read More ...
by Jeff Wecker
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GBP/JPY Is Approaching Resistance, Lookout For A Reversal!

GBP/JPY is approaching resistance at 146.02 (50%, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop to its support at 141.83 (50% Fibonacci retracement, horizontal pullback support). Stochastic (21, 5, 3) is approaching resistance. GBP/JPY is approaching its resistance where we expect to see a reversal. Sell below 1... Read More...
by Jeff Wecker
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EUR/JPY Approaching Support, Potential Bounce!

EUR/JPY is approaching our first support level at 124.36 (horizontal swing low support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where we expect a strong bounce above this level to our major resistance level at 124.97 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support. EUR/USD is approaching our first support where we are expecting a bounce above this level. Buy above 1... Read More...
by Jeff Wecker