GBPUSD is approaching our first resistance at 1.3298 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below...
EURUSD approaching resistance, potential drop!
EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to...
EURGBP approaching resistance, potential for drop!
Price is approaching our first resistance at 0.8771 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...
AUDCAD approaching resistance, potential drop!
Price is approaching our first resistance at 0.9838 (horizontal swing high resistance, 50% Fibonacci retracement, short term descending resistance line) where a strong reaction might occur...
Summary
Today we are seeing a nice setup on AUDNZD as it is testing our first resistance where we are expecting a drop below that level. Stochastic is also testing our resistance where a reaction off that...
AUDNZD approaching resistance, potential drop!
Price is approaching our first resistance at 1.0779 (Horizontal pullback resistance, 38.2%, 50% Fibonacci retracement) where a strong reaction might occur below this level...
USDCHF approaching resistance, potential drop!
Price is approaching our first resistance at 1.0014 (78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might...
CHFJPY approaching resistance, potential drop!
Price is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur...
USDCAD approaching resistance, potential drop!
Price is approaching our first resistance at 1.3383 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur...
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