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Technical Analysis

GBPCAD approaching resistance, potential drop!
GBPCAD approaching resistance, potential drop!

GBPCAD is approaching our first resistance at 1.7048 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...

NZDCAD approaching resistance, potential drop!
NZDCAD approaching resistance, potential drop!

NZDCAD is approaching our first resistance at 0.9228 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur...

Summary
Summary

Today we are seeing a nice setup on AUDUSD and XAUUSD where they are approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: US30 bounced...

EURUSD approaching resistance, potential drop!
EURUSD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1427 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur...

USDCAD approaching support, potential bounce!
USDCAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.3224 (23.6%, 76.4% fibonacci retracement, 100% fiboancci extension) where a strong bounce might occur above this level...

AUDJPY approaching resistance, potential drop!
AUDJPY approaching resistance, potential drop!

AUDJPY is approaching our first resistance at 80.03 (horizontal swing high resistance, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at...

UK100 approaching support, potential bounce!
UK100 approaching support, potential bounce!

UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this...

Summary
Summary

Today we are seeing a nice setup on USDCAD and UK100 as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: EURUSD bounced perfectly above...

USDCAD approaching resistance, potential drop!
USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.3386 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fiboancci retracement) and a strong drop might occur below...