0Comments

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
0Comments

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
0Comments

AUD/JPY Testing Support, Prepare For Bounce

AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce is expected. AUD/JPY is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker
0Comments

EUR/JPY Testing Support, Prepare For A Bounce

EUR/JPY is approaching its support at 127.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where the price is expected to bounce up to its resistance at 129.69 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce is expected. EUR/JPY is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker
0Comments

NZD/USD Testing Resistance, Prepare For Reversal

NZD/USD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. NZD/USD is testing its resistance where we expect to see a reversal. Sell below...
by Jeff Wecker