0Comments

CAD/CHF Testing Support, Prepare For A Bounce

CAD/CHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected. CAD/CHF is testing its support where we expect to see a bounce.
by Jeff Wecker
0Comments

USD/CAD Testing Resistance, Prepare For Reversal

USD/CAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. USD/CAD is testing its resistance where we expect to see a reversal.
by Jeff Wecker
0Comments

NZD/USD Testing Support, Prepare For Bounce

NZD/USD is approaching its support at 0.6590 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.6637 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.5% where a corresponding bounce is expected. NZD/USD is testing its support where we expect to see a bounce.
by Jeff Wecker
0Comments

EUR/JPY Approaching Support, Prepare For Bounce

EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur. EUR/JPY is approaching its support where we expect to see a bounce. Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.
by Jeff Wecker
0Comments

AUD/JPY Approaching Support, Prepare For Bounce

AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 80.60 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur. AUD/JPY is approaching its support where we expect to see a bounce. Buy above 79.18. Stop loss at 78.28. Take profit at 80.60.
by Jeff Wecker