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EUR/USD Approaching Resistance, Prepare For A Reversal

EUR/USD is approaching its resistance at 1.1656 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. EUR/USD is approaching its resistance where we expect to see a reversal. Sell below 1... Read More
by Jeff Wecker
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CAD/JPY Reversed Off Resistance, Prepare For Further Drop

CAD/JPY reversed off its resistance at 85.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at (50% Fibonacci retracement). Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop is expected. A bearish divergence has also been identified that contributes to our bearish bias. CAD/JPY reversed off its resistance where we expect to see a further drop. Sell below 85...
by Jeff Wecker
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GBP/USD Reversed Off Resistance, Prepare For Further Drop

GBP/USD reversed off its resistance at 1.3077(61.8% Fibonacci extension, 61.8%, 50%, 23.6% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.2931 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected. GBP/USD reversed off its resistance where we expect to see a further drop. Sell below 1.
by Jeff Wecker
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GBP/USD Testing Resistance, Prepare For Reversal

GBP/USD is testing its resistance at 1.3033 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.2924 (50% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (89, 5, 3) has reversed off near its resistance at 98% where a corresponding drop is expected. GBP/USD is testing its resistance where we expect to see a reversal. Sell below...
by Jeff Wecker
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EUR/GBP Testing Support, Prepare For A Bounce

EUR/GBP is approaching its support at 0.8891 (100% & 61.8%% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8950 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 4.4% where a corresponding bounce is expected. EUR/GBP is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker