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GBP/USD Approaching Support, Prepare For A Bounce

GBP/USD is approaching its support at 1.3003 (100% Fibonacci extension, 50%, 38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3154 (78.6% Fibonacci retracement, Horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. GBP/USD is approaching its support where we expect to see a bounce. Buy above 1.3... Read More...
by Jeff Wecker
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AUD/USD Approaching Support, Prepare For A Bounce

AUD/USD is approaching its support at 0.7232 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7289 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur. AUD/USD is approaching its support where we expect to see a bounce. Buy above 0.7... Read More...
by Jeff Wecker
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CAD/CHF Reversed Off Resistance, Prepare For Further Drop

The CAD/CHF pair reversed off its resistance at 0.7589 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7516 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) reversed off its resistance at 98% where a corresponding drop is anticipated. CAD/CHF reversed off its resistance where we expect to see a further drop. Sell below 0.7... Read More...
by Jeff Wecker
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EUR/GBP Approaching Resistance, Prepare For Reversal

The EUR/GBP pair is approaching its resistance at 0.8765 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.8724 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. EUR/GBP is approaching its resistance where we expect to see a reversal. Sell below 0.8... Read More...
by Jeff Wecker
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AUD/NZD Approaching Resistance, Prepare For Reversal

The AUD/NZD pair is approaching its resistance at 1.0533 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.0505 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (21, 5, 3) is nearing its resistance at 93% where a corresponding reversal is anticipated. AUD/NZD is approaching its resistance where we expect to see a reversal. Sell below 1.0... Read More...
by Jeff Wecker