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EUR/CHF approaching resistance, potential drop!

The EUR/CHF pair is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 1.1332 (61.8% Fibonacci retracement).Stochastic (21,5,3) is also nearing resistance where we might see a drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
by Jeff Wecker
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CAD/CHF approaching resistance, potential drop!

The CAD/CHF pair is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 0.7502 (50% Fibonacci retracement).Stochastic (89,5,3) is also nearing resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
by Jeff Wecker
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NZD/JPY Approaching Resistance, Prepare For Reversal

NZD/JPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. NZD/JPY is approaching its resistance where we expect to see a reversal. Sell below 7...Read More...
by Jeff Wecker
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CAD/CHF Approaching Resistance, Prepare For Reversal

CAD/CHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.7584 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. CAD/CHF is approaching its resistance where we expect to see a reversal. Sell below 0.7... Read More...
by Jeff Wecker
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EUR/CAD Approaching Resistance, Prepare For Reversal

EUR/CAD is approaching its resistance at 1.5024 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.4978 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. EUR/CAD is approaching its resistance where we expect to see a reversal. Sell below 1.5... Read More...
by Jeff Wecker