EURAUD is facing the downside resistance/upside support EURAUD is bouncing so far off the 1.4600 support. This could lead to another test of the upside resistance falling trend line 1.5400. A confirmed break below 1.4600 on the other hand would lead to a downside continuation. This is giving us […]
EURAUD is testing the most important support Read More »
USDCAD is bouncing off the support USDCAD bounced off the 1.2850 support. This could lead to another retest of 1.3000 and a break above it for a continuation much higher to the 1.3400-1.3600 zone. 1.3028 is a moderately strong Fibonacci 38.2% retracement upside resistance and should be cleared. A
USDCAD is reacting higher after the pullback Read More »
DAX is reaching the resistance of the downside channel DAX has tested the downside channel resistance 13500 and has been rejected. This is indicating the downside continuation inside the channel and a break below 13000 will confirm this. A confirmed break above 13500 will invalidate the channel and lead
DAX is reaching the upside correction resistance Read More »
GBPUSD is testing a previously broken strong downside resistance GBPUSD is pulling back to retest the 1.2000-1.2200 zone. This was the broken downside resistance now acting as downside support. This downside support must hold for a continuation lower to 1.1200. A break above 1.2200 is required for a relief
GBPUSD strong downside support retest Read More »
Russell2000 is testing 1800 Russell2000 is testing the downside channel resistance 1800. This is the downtrend support of this correctional swing higher coupled with the 61.8% Fibonacci retracement of the latest swing down. Look for the reversal in the prevailing trend direction for a downside continuation inside the channel
Russell2000 is reaching the downside channel resistance Read More »
