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AUD/CHF approaching resistance, potential drop!

AUD/CHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement).Ichimoku cloud is also showing signs of bearish pressure. 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/CHF approaching resistance, potential drop!

EUR/CHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182.Ichimoku cloud is also showing signs of bearish pressure. 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/CAD approaching resitance, potential drop!

EUR/CAD is approaching our first resistance at 1.5224 (horizontal swing high resistance, 61.8% extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 1.5108 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).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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GBP/USD approaching resitance, potential drop!

GBP/USD is approaching our first resistance at 1.3238 (horizontal overlap resistance, 61.8% extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 1.3105 (61.8% fibonaccci retracement).Stochastic 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
0Comments

GBP/USD approaching resitance, potential drop!

GBP/USD is approaching our first resistance at 1.3238 (horizontal overlap resistance, 61.8% extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 1.3105 (61.8% fibonaccci retracement).Stochastic 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