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Technical Analysis

USDCHF approaching support, potential bounce!
USDCHF approaching support, potential bounce!

USDCHF is approaching our first support at 0.99211 (Horizontal pullback support, 100% fibonacci extension, 23.6% fibonacci retracement, Elliot wave structure) and a strong bounce...

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

UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur...

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

GBPCAD is approaching our first resistance at 1.7549 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement) and a strong drop might occur below this level...

SPX approaching resistance, potential drop!
SPX approaching resistance, potential drop!

SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracemen, horizontal swing high resistance) and a strong drop might occur below this...

Summary
Summary

Today we are seeing a nice setup on SPX and GBPCAD as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPCAD reversed nicely from our...

EURAUD approaching resistance, potential drop!
EURAUD approaching resistance, potential drop!

EURAUD is approaching our first resistance at 1.6158 (Horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at...

GBPJPY testing resistance, potential drop!
GBPJPY testing resistance, potential drop!

GBPJPY is testing our first resistance at 145.51 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at...

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

GBPCAD is approaching our first resistance at 1.7526 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur...

EURCAD approaching support, potential bounce!
EURCAD approaching support, potential bounce!

EURCAD is approaching our first support at 1.4971 (ascending channel's support, 76.4% Fibonacci, retracement, 100% Fibonacci extension) where a strong bounce might occur above...