Forex Analysis
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NZD/JPY Approaching Resistance, Prepare For A Reversal

NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.19 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected. NZDJPY is approaching its resistance where we expect to see a reversal. Sell below 74... Read More
by Jeff Wecker
Forex Analysis
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USD/CAD Approaching Support, Prepare For A Bounce

USD/CAD is approaching its support at 1.2966 (61.8% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3039 (23.6% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur. USD/CAD is approaching its support where we expect to see a bounce. Buy above 1.2... Read More
by Jeff Wecker
Forex Analysis
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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
Forex Analysis
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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
Forex Analysis
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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