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AUD/USD approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7147 ( ascending channel support, 61.8% Fibonacci extension , 61.8% retracement ) where a strong bounce might occur to our first resistance at 0.7189 (horizontal swing high resistance, 100% Fibonacci extension ). Stochastic is also approaching support where we might see a corresponding bounce 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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XAG/USD approaching support, potential bounce!

XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement ).Stochastic is also approaching support where we might see a corresponding bounce 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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USD/CAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.3295 (horizontal swing low support, short term ascending line) where a strong bounce might occur above this level pushing price up to our first resistance level at 1.3407 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price.
by Jeff Wecker
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USD/JPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 112.16 (78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 111.38 (61.8% Fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance and 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
0Comments

XAG/USD approaching support, potential bounce!

XAGUSD is approaching our first support at 14.8020 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce might occur above this level to our major resistance at 15.2117 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Jeff Wecker