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XAU/USD Approaching Support, Prepare For A Bounce

XAU/USD is approaching its support at 1298.44 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1308.68 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. XAU/USD is approaching its support where we expect to see a bounce. Buy above 1... Read More...
by Jeff Wecker
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USD/CAD Approaching Resistance, Prepare For A Reversal

USD/CAD is approaching its resistance at 1.3366 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.3234 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. USD/CAD is approaching its resistance where we expect to see a reversal. Sell below 1.3... Read More...
by Jeff Wecker
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EUR/AUD Approaching Support, Prepare For Bounce

EUR/AUD is approaching its support at 1.5897 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.5977 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is nearing its support at 3.2% where a corresponding bounce could occur. EUR/AUD is approaching its support where we expect to see a bounce. Buy above 1.5... Read More...
by Jeff Wecker
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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