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AUD/USD Reversed Off Resistance, Prepare For Further Drop

AUD/USD reversed off its resistance at 0.7284 (100% Fibonacci extension, 61.8%, 50%, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 0.7231 (23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. AUD/USD 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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USD/CAD Bounced Off Support, Prepare For A Further Rise

USD/CAD bounced nicely off its support level at 1.2969 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance level at 1.3010 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is bounced off its support level at 3.5% where a corresponding rise could occur. USD/CAD bounced nicely off its support level where we expect to see a further rise. Buy above 1.2... Read More
by Jeff Wecker
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AUD/USD Reversed Off Resistance, Prepare For Further Drop

AUD/USD reversed off its resistance at 0.7227 (61.8% Fibonacci extension, 50%, 38.2%, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support level at 0.7144 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance level at 94% where a corresponding drop is expected. AUD/USD 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/CAD Testing Resistance, Prepare For Reversal

EUR/CAD is testing its resistance at 1.5245(61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5153 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. EUR/CAD is testing its resistance where we expect to see a reversal. Sell below 1.... Read More
by Jeff Wecker
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GBP/USD Reversed Off Resistance, Prepare For Further Drop

GBP/USD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.3065 (horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. GBP/USD reversed off its resistance where we expect to see a further drop. Sell below 1.... Read More
by Jeff Wecker