Forex Analysis
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EUR/NZD Approaching Resistance, Prepare For Reversal

The EUR/NZD pair is approaching its resistance at 1.6922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.6857 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. EUR/NZD is approaching its resistance where we expect to see a reversal. Sell below 1.6... Read More
by Jeff Wecker
Forex Analysis
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NZD/USD Approaching Support, Prepare For Bounce

The NZD/USD pair is approaching its support at 0.6714 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6780 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 1.72% where a corresponding bounce is anticipated. NZD/USD is approaching its support where we expect to see a bounce. Buy above... Read More
by Jeff Wecker
Forex Analysis
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AUD/CHF Reversed Off Resistance, Prepare For Further Drop

AUD/CHF reversed off its resistance at 0.7236 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 0.7195 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected. AUD/CHF reversed off its resistance where we expect to see a further drop. Sell below ... Read More
by Jeff Wecker
Forex Analysis
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CAD/JPY Reversed Off Resistance, Prepare For Further Drop

CAD/JPY reversed off its resistance at 85.50 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 84.99 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. CAD/JPY reversed off its resistance where we expect to see a further drop. Sell below ... Read More
by Jeff Wecker
Forex Analysis
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USD/CHF Testing Resistance, Prepare For Reversal

USD/CHF is testing its resistance at 0.9956/(100% Fibonacci extension, 23.6 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9917 (horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected. USD/CHF is testing its resistance where we expect to see a reversal. Sell below ... Read More
by Jeff Wecker