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NZD/JPY approaching resistance, potential drop!

NZD/JPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 77.22 (horizontal swing low support, 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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EUR/AUD approaching resistance, potential drop!

EUR/AUD is approaching our first resistance at 1.600 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 1.5952 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension).Stochastic (89,5,3) is also nearing resistance. 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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AUD/JPY approaching resistance, potential drop!

AUD/JPY is approaching our first resistance at 79.01 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 78.39 (horizontal swing low support, 50% Fibonacci retracement).Stochastic (34,5,3) is also nearing resistance. 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!

CAD/CHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).Stochastic (89,5,3) is also nearing resistance. 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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EUR/AUD approaching resistance, potential drop!

EUR/AUD is approaching our first resistance at 1.5949 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 1.5876 (horizontal swing low support, 78.6% Fibonacci retracement ). Stochastic (89,5,3) is also nearing resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
by Jeff Wecker