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Technical Analysis

Summary
Summary

Today we are seeing a nice setup on EURUSD and AUDCAD as it is testing our resistance where we are expecting a drop below this level. Here are some of our nice calls previously: 1. GBPCHF reversed...

EURCAD approaching resistance, potential drop!
EURCAD approaching resistance, potential drop!

EURCAD is approaching our first resistance at 1.5189 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below...

AUDNZD approaching resistance, potential drop!
AUDNZD approaching resistance, potential drop!

AUDNZD is approaching our first resistance at 1.0986 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing...

USDJPY approaching support, potential bounce!
USDJPY approaching support, potential bounce!

USDJPY is approaching our first support at 111.47 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above...

GBPCHF testing resistance, potential drop!
GBPCHF testing resistance, potential drop!

GBPCHF is approaching our first resistance at 1.2655 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur...

Summary
Summary

Today we are seeing a nice setup on USDJPY as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on EURCAD as it is approaching resistance...

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

AUDJPY is approaching our first resistance at 81.86 (horizontal overlap resistance, 23.6%, 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and...

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

USDCAD is approaching our first resistance at 1.2960 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below...

XAUUSD approaching support, potential bounce!
XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1200.59 (horizontal pullback support, 50%, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce...