EURCAD holding above long-term ascending trendline support. A break and a close above 38.2% Fibonacci retracement and our entry at 1.47051 will see price possibly push higher towards graphical overlap resistance and 61.8% Fibonacci retracement at 1.47342. The stochastic indicator is also testing ascending trendline support where price bounced in...

AUDNZD holding below the descending trendline. Having broken below the recent graphical swing low, a further drop below 23.6% Fibonacci retracement at 1.07266 towards long term 61.8% Fibonacci retracement at 1.06818 could be possible. Technical indicators are showing room for further bearish momentum as well. Any opinions, news, research, analyses,...

AUDJPY is facing bearish pressure. Prices might continue to drop upon breaking through support level in line with 50% Fibonacci retracement and 78.6% Fibonacci extension Fibonacci confluence area. Prices might drop towards support level in line with 78.6% Fibonacci retracement and -27.2% Fibonacci retracement Fibonacci confluence area. If prices bounce...

U.S. traded grain futures staged a comeback yesterday after two reports from the US Department of Agriculture raised the prospect for even tighter global supplies following the Northern Hemisphere harvest this autumn. The quarterly stock and annual acreage reports both came in lower than expected, and considering the U.S. is...

Prices are appraoching resistance in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension Fibonacci confluence . Prices might push down towards horizontal pullback support in line with ascending trendline resistance, 61.8% Fibonacci retracement, and 78.6% Fibonacci extension. If prices continue to push up, prices might face resistance from 161.8%...

GBPJPY broke out of descending trendline resistance and is currently taking support on horizontal swing low support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down,...

The USD has firmed to new local highs against several currencies without much help from coincident indicators and despite an indifferent ADP payrolls report yesterday. One reason for fresh USD strength could be the latest burst of USD liquidity suggesting that the Fed will have no choice but to signal...

CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line...

EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and...

NZDJPY is facing bullish pressure as it holds above moving average support and MACD holds above 0 line. We could see further upside above Buy Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci...