☆ Daily Technical Analysis by MEX Exchange ☆

MEX_Exchange · November 17, 2017, 2:16am

Date: November 17, 2017

USDCHF reacting off our selling area really nicely, remain bearish

Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has continued to test our selling area and is dropping nicely from that area. We look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.

EURUSD right below major resistance, remain bearish

Sell below 1.1881. Stop loss at 1.2009. Take profit at 1.1683.
Reason for the trading strategy (technically):
Price continues to drop below our selling area. We remain bullish looking to sell on strength below major resistance at 1.1881 (Fibonacci retracement, horizontal overlap resistance) and we expect to see price make a strong push down from this level towards 1.1683 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing strong resistance below 95% where we expect a corresponding drop from.

AUDJPY looking for a bounce above major support

Buy above 85.53. Stop loss at 84.92. Take profit at 86.67.
Reason for the trading strategy (technically):
Price continues to test our major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push price up to at least 86.67 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (89,3,1) is seeing major support above 1.1% where we expect a corresponding bounce from.

AUDUSD broken key support, time to start selling

Sell below 0.7630. Stop loss at 0.7743. Take profit at 0.7514 before 0.7374.
Reason for the trading strategy (technically):
While yesterday saw very little movement on AUDUSD, price has broken a major support level triggering a bearish move from here. We look to sell on strength below major resistance at 0.7630 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.7514 first (horizontal overlap support, Fibonacci retracement) before 0.7374 (Fibonacci retracement, horizontal swing low support).
RSI (34) sees long term descending resistance line holding price down really well.

EURJPY forming a very nice reversal pattern, remain bullish

Buy above 132.63. Stop loss at 131.87. Take profit at 133.74.
Reason for the trading strategy (technically):
Price has started to form a really nice reversal pattern. We remain bullish looking to buy on dips above major support at 132.63 (Fibonacci retracement, horizontal pullback support, Fibonacci extension, bullish divergence) for a push up to 133.74 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing major support at 0.4% where we expect a corresponding bounce to occur. We can also see bullish divergence vs price signalling that a bounce is impending.

USDJPY approaching profit target, prepare to buy

Buy above 112.31. Stop loss at 111.97. Take profit at 113.11.
Reason for the trading strategy (technically):
Price has continued to drop really nicely towards our profit target. We look to buy above major support at 112.31 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) for a corrective bounce to at least 113.11 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,3,1) is seeing strong support above 1.6% where we expect a bounce from.

MEX_Exchange · November 20, 2017, 2:38am

Date: November 20, 2017

USDCHF dropping perfectly towards our profit target, remain bearish for a further push down

Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has started to drop really nicely towards our profit target. We look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% and also intermediate resistance at 77% where a further drop is expected.

EURUSD dropping perfectly towards profit target, prepare to buy for a bounce

Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price continues to drop perfectly towards our profit target. We look to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) sees an ascending support holding price up for a bounce.

AUDJPY testing major support, look for a long term bounce

Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is now approaching major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.

AUDUSD continues to fall beautifully, remain bearish for a further drop

Sell below 0.7630. Stop loss at 0.7743. Take profit at 0.7514 before 0.7374.
Reason for the trading strategy (technically):
Price continues to drop beautifully after breaking our key support-turned-resistance line. We look to sell on strength below major resistance at 0.7630 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.7514 first (horizontal overlap support, Fibonacci retracement) before 0.7374 (Fibonacci retracement, horizontal swing low support).
RSI (34) sees long term descending resistance line holding price down really well.

EURJPY on strong support, time to play a corrective bounce

Buy above 131.43. Stop loss at 131.02. Take profit at 132.20.
Reason for the trading strategy (technically):
Price is testing strong support at 131.43 (Horizontal swing low support, bullish price action) and we expect to see a corrective bounce pushing price up to at least 132.20 resistance (Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 6.6% where we expect a corresponding bounce from.

NZDUSD look to sell on strength

Sell below 0.6821. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
Price has been dropping strongly. We look to sell on strength below strong resistance at 0.6821 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.

MEX_Exchange · November 21, 2017, 2:47am

Date: November 21, 2017

USDCHF back up to test major resistance once again, prepare to sell

Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has bounced up to our selling area once again and we look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a strong reaction from.

EURUSD approaching major support, prepare to buy

Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price has been whipsawing around yesterday. We remain bullish looking to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 1.5% where we expect a bounce from.

AUDJPY starting to bounce nicely, remain bullish

Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has started to bounce nicely off our major support as expected. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.

USDJPY testing major resistance, prepare to sell

Sell below 112.69. Stop loss at 113.19. Take profit at 112.00
Reason for the trading strategy (technically):
Price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from.

EURJPY profit target reached perfectly, prepare to sell

Sell below 132.77. Stop loss at 133.25. Take profit at 131.75.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance below 132.77 resistance (Fibonacci retracement, Fibonacci extension, breakout level) for a push down to at least 131.75 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.

NZDUSD dropping nicely, remain bearish for a further drop

Sell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.

MEX_Exchange · November 22, 2017, 2:15am

Date: November 22, 2017

USDCHF dropping really nicely, remain bearish

Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has reacted strongly off our resistance area once again and is starting to drop nicely. We remain bearish looking to sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (21,3,1) is seeing major resistance below 96% where we expect a strong reaction from.

EURUSD approaching major support, prepare to buy

Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price had little movement yesterday. We remain bullish looking to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 1.5% where we expect a bounce from.

AUDJPY remain bullish as our bounce is in progress

Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has started to bounce nicely off our major support as expected. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.

USDJPY dropping perfectly, remain bearish for a further drop

Sell below 112.69. Stop loss at 113.19. Take profit at 112.00
Reason for the trading strategy (technically):
Price has reached our selling area and dropped perfectly towards our profit target. We now look to sell on strength below major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) for a push down towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely and has good downside potential.

EURJPY approaching strong support, prepare to buy

Buy above 131.57. Stop loss at 131.09. Take profit at 132.63.
Reason for the trading strategy (technically):
Price is whipsawing around recently. We look to buy above strong support at 131.57 (Fibonacci retracement, bullish price action) for a bounce to at least 132.63 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (89,3,1) is seeing strong support above 1.4% and has good upside potential for our rise to occur.

NZDUSD once again testing major resistance, remain bearish

Sell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781.
Reason for the trading strategy (technically):
Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 89% where we expect a corresponding reaction from.

MEX_Exchange · November 23, 2017, 1:38am

Date: November 23, 2017

**USDCHF profit target reached perfectly, remain bearish **

Sell below0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We look to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) tells us that we’ll be seeing a small corrective bounce to enable us to get into our position.

EURUSD approaching profit target, prepare to sell

Sell below 1.1877. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
Price has shot up and is approaching our profit target really nicely. We look to sell below major resistance at 1.1877 (Fibonacci retracement, Fibonacci extension area, horizontal overlap resistance) for a push down to at least 1.1728 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 94% where we soon expect a corresponding drop from.

AUDJPY remain bullish on strong support

Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is now back to support area. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.

USDJPY profit target reached perfectly, prepare to buy

Buy above 111.11. Stop loss at 109.95. Take profit at 112.53.
Reason for the trading strategy (technically):
Price has shot down and reached our profit target absolutely perfectly. We look to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees major support at 34% where we expect a corresponding bounce from.

EURJPY look to buy on major support

Buy above 131.19. Stop loss at 130.75. Take profit at 132.08.
Reason for the trading strategy (technically):
Due to the changing nature of the market, we’re starting to see a corrective push down to at least 131.19 support (Fibonacci extension, horizontal swing low support) where we expect a bounce up from to at least 132.08 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing strong support above 1.4%.

NZDUSD rose further and is now testing major resistance once again

Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price has risen further and is now testing major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.

MEX_Exchange · November 24, 2017, 4:27am

Date: November 24, 2017

**USDCHF approaching pullback resistance, remain bearish **

Sell below0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price has been making a pullback to our selling area. We remain bearish looking to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) tells us that we’ll be seeing a small corrective bounce to enable us to get into our position.

**EURUSD profit target reached, prepare to sell **

Sell below 1.1877. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
Price has reached our profit target perfectly. We look to sell below major resistance at 1.1877 (Fibonacci retracement, Fibonacci extension area, horizontal overlap resistance) for a push down to at least 1.1728 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 94% where we soon expect a corresponding drop from.

AUDUSD testing major resistance, time to sell

Sell below 0.7630. Stop loss at 0.7743. Take profit at 0.7514 before 0.7374.
Reason for the trading strategy (technically):
Price is now back to testing major resistance at 0.7630 (Fibonacci retracement Fibonacci extension, horizontal overlap resistance) and we expect to see a nice reaction off this level to push price down to at least 0.7514 before 0.7374.
RSI (34) is starting to make a bullish breakout above our long term descending resistance line and we have to be careful that it’s not turning a corner around here.

USDJPY right on major support, remain bullish

Buy above 111.11. Stop loss at 109.95. Take profit at 112.53.
Reason for the trading strategy (technically):
Price has started to bounce off our entry level perfectly. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees major support at 34% where we expect a corresponding bounce from.

EURJPY profit target reached perfectly, prepare to sell

Sell below 132.27. Stop loss at 132.67. Take profit at 131.19.
Reason for the trading strategy (technically):
Price is approaching major resistance at 132.27 (Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction off this level for price to resume its drop towards 131.19 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding reaction from.

NZDUSD testing selling area, remain bearish

Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 89% where we expect a corresponding drop from.

MEX_Exchange · November 27, 2017, 2:58am

Date: November 27, 2017

**USDCHF dropping nicely, look to sell on strength **

Sell below 0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price continues to drop lower from our selling area. We remain bearish looking to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) tells us that we’ll be seeing a small corrective bounce to enable us to get into our position.

GBPUSD testing major resistance, time to start selling

Sell below 1.3340. Stop loss at 1.3467. Take profit at 1.3050.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) also sees major resistance at 96% and there’s bearish divergence signalling that a reversal is impending.

AUDJPY testing major support, remain bullish

Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is still testing major support at 84.57 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 6.1% where we expect a corresponding bounce from.
Correlation analysis: We’re expecting JPY weakness with USDJPY expecting a bounce too.

USDJPY bouncing up nicely, remain bullish

Buy above 111.11. Stop loss at 109.95. Take profit at 112.53.
Reason for the trading strategy (technically):
Price has started to bounce off our entry level perfectly. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees major support at 34% where we expect a corresponding bounce from.
Correlation analysis: We’re expecting JPY weakness with AUDJPY expecting a bounce too.

AUDUSD testing major resistance, time to start selling

Sell below 0.7629. Stop loss at 0.7670. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension) and we expect to see a strong drop from this level to push price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off.
Correlation analysis: NZDUSD is similarly expecting a strong drop.

NZDUSD testing selling area, remain bearish

Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price continues to test our selling area. We remain bearish looking to sell on strength below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) still has good downside potential for our drop.
Correlation analysis: AUDUSD is similarly expecting a strong drop.

MEX_Exchange · November 28, 2017, 2:15am

Date: November 28, 2017

**USDCHF rising as expected to resistance, prepare to sell **

Sell below 0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price has started to bounce nicely as expected towards our breakout area of resistance. We remain bearish looking to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is approaching our major resistance level of 97% where we expect a corresponding reaction from.

GBPUSD reacting strongly from our selling area, remain bearish

Sell below 1.3340. Stop loss at 1.3467. Take profit at 1.3050.
Reason for the trading strategy (technically):
Price has rose and tested our selling area before reacting off it strongly. We remain bearish looking to sell below major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) also sees major resistance at 96% and there’s bearish divergence signalling that a reversal is impending.

AUDJPY playing a corrective bounce

Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is on major support (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.

USDJPY forming a nice reversal, remain bullish

Buy above 111.11. Stop loss at 109.95. Take profit at 112.53.
Reason for the trading strategy (technically):
Price has continued to test our buying area and is starting to form a really nice reversal pattern with a recent bullish divergence formed. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure, bullish divergence) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees major support at 34% where we expect a corresponding bounce from. We can also see bullish divergence signalling that a strong reversal is impending.
Correlation analysis: We’re expecting JPY weakness with AUDJPY expecting a bounce too.

AUDUSD dropping nicely from our selling area, remain bearish

Sell below 0.7629. Stop loss at 0.7670. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price has made a fake breakout before reversing strongly from our selling area. We remain bearish looking to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension, bearish divergence) and we expect to see a strong drop from this level to push price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off. We can also see bearish divergence vs price signalling that a strong drop is impending.

EURUSD to sell on the break of major support

Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
Price is approaching major support at 1.1862 (Multiple Fibonacci retracement, horizontal pullback support) and we look to sell on the break of this major support for price to drop to at least 1.1728 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is dropping nicely from our 94% resistance level pushing price to the next support level.

MEX_Exchange · November 29, 2017, 4:02am

Date: November 28, 2017

**USDCHF right on selling area, time to go short **

Sell below 0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price has made a pullback to our selling area exactly as expected. We remain bearish looking to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is approaching our major resistance level of 97% where we expect a corresponding reaction from.

NZDUSD right on major support, prepare to sell on the breakout

Sell below 0.6885. Stop loss at 0.6921. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price is now testing major support at 0.6885 (Multiple Fibonacci retracement, horizontal overlap support, ascending channel support) and we expect a break of this level to trigger a strong bearish drop towards 0.6823 support (Fibonacci retracement, horizontal swing low support).
RSI (34) is starting to see multiple bearish exits as a precursor to a drop we’re expecting.

AUDJPY bouncing up perfectly, remain bullish

Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is starting to bounce off our buying level. We remain bullish above major support at 84.53 (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.

USDJPY bouncing nicely with a bullish exit triggering further strength

Buy above 111.11. Stop loss at 109.95. Take profit at 112.53.
Reason for the trading strategy (technically):
Price is finally starting to bounce up nicely and a bullish exit has triggered further strength for a push up. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure, bullish divergence) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees major support at 34% where we expect a corresponding bounce from. We can also see bullish divergence signalling that a strong reversal is impending. A recent bullish exit from our long term descending resistance-turned-support line also adds further strength to our move.
Correlation analysis: We’re expecting JPY weakness with AUDJPY expecting a bounce too.

AUDUSD dropping nicely, remain bullish

Sell below 0.7629. Stop loss at 0.7670. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price continues to drop nicely from our selling area. We remain bearish looking to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension, bearish divergence) and we expect to see a strong drop from this level to push price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off. We can also see bearish divergence vs price signalling that a strong drop is impending.

EURUSD sell signal triggered, time to play the drop

Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
Price has broken major support and we now look to sell below major resistance at 1.1862 (Multiple Fibonacci retracement, horizontal pullback support) and we look to sell on the pullback to this major resistance for price to drop to at least 1.1728 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is dropping nicely from our 94% resistance level pushing price to the next support level. We still have good downside potential for this strategy.

MEX_Exchange · November 30, 2017, 1:46am

Date: November 30, 2017

USDCHF testing our selling area and forming a nice reversal pattern, remain bearish

Sell below 0.9842. Stop loss at 0.9884. Take profit at 0.9733.
Reason for the trading strategy (technically):
Price has made a pullback to our selling area exactly as expected and is now testing our selling area. We remain bearish looking to sell on strength below major resistance at 0.9842 (Fibonacci retracement, horizontal overlap resistance, breakout pullback, bearish divergence) for a further push down to at least 0.9733 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely from our resistance and has also formed bearish divergence vs price signalling that a reversal is impending.

GBPUSD testing major resistance, remain bearish for a correction

Sell below 1.3452. Stop loss at 1.3529. Take profit at 1.3229.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.3452 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect a corrective drop from here to at least 1.3229 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,3,1) is seeing major resistance below 96% and bearish divergence vs price signals that a reversal is impending.

AUDJPY still on our buying entry, remain bullish

Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price continues to test our buying area. We remain bullish above major support at 84.53 (Fibonacci retracement, long term horizontal overlap support, bullish divergence) and we look to play a bounce above this level to push price up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.

USDJPY approaching profit target perfectly, prepare to sell

Sell below 112.53. Stop loss at 113.41. Take profit at 110.98.
Reason for the trading strategy (technically):
Price has bounced up perfectly and is fast approaching our profit target as expected. We look to sell below major resistance at 112.53 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong reaction off that level soon.

AUDUSD approaching profit target nicely, prepare to buy

Buy above 0.7537. Stop loss at 0.7496. Take profit at 0.7629.
Reason for the trading strategy (technically):
Price has continued its drop perfectly towards our profit target. We look to buy above major support at 0.7537 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7629 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing support above 1.3% where we expect a corresponding bounce from.

EURUSD remain bearish for a drop from here

Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
We remain bearish after EURUSD has triggered our sell entry. We look to sell below major resistance at 1.1862 (Multiple Fibonacci retracement, horizontal pullback support) for price to drop to at least 1.1728 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,3,1) is dropping nicely from our 94% resistance level pushing price to the next support level. We still have good downside potential for this strategy.

MEX_Exchange · December 1, 2017, 3:29am

Date: December 1, 2017

USDCHF reversing below our stop loss resistance, remain bearish for a further push down

Sell below 0.9874. Stop loss at 0.9896. Take profit at 0.9786.
Reason for the trading strategy (technically):
Price has reversed nicely below our stop loss yesterday. We look to remain bearish below 0.9874 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further push down to at least 0.9786 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) has good downside potential for our remaining drop.

NZDUSD profit target reached perfectly, prepare to buy

Buy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.

AUDJPY bouncing nicely and making a bullish exit, remain bullish from here

Buy above 84.53. Stop loss at 83.57. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has started to bounce nicely from our buying area and recent price action sees a bullish exit being triggered. We remain bullish above major support at 84.53 (Fibonacci retracement, long term horizontal overlap support, bullish divergence) for a push up to at least 86.67 resistance (Multiple Fibonacci retracements, horizontal pullback resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending. We can also see a bullish exit triggering further bullish momentum.

USDJPY profit target reached perfectly, prepare to sell

Sell below 112.70. Stop loss at 113.41. Take profit at 110.98.
Reason for the trading strategy (technically):
Price has reached our profit target from previously. We look to sell below major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop from.

AUDUSD approaching support, remain bullish

Buy above 0.7537. Stop loss at 0.7496. Take profit at 0.7629.
Reason for the trading strategy (technically):
Price has whipsawed around yesterday and is slowly approaching our buying support. We look to buy above major support at 0.7537 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7629 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing support above 1.3% where we expect a corresponding bounce from.

EURUSD look to buy on weakness for a last push up

Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963.
Reason for the trading strategy (technically):
We look to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.

MEX_Exchange · December 4, 2017, 5:42am

Date: December 4, 2017

USDCHF profit target reached perfectly, remain bearish once we break support

Sell below 0.9787. Stop loss at 0.9836. Take profit at 0.9671.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We look to sell on the break of strong support at 0.9787 for a further push down to at least 0.9671 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,3,1) is telling us that we’ll likely see a bounce any further sideways price action before a drop to confirm our bearish move.

USDCAD approaching major support, prepare to buy

Buy above 1.2664. Stop loss at 1.2576. Take profit at 1.2844.
Reason for the trading strategy (technically):
Price is approaching major support at 1.2664 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a bounce from this level up to at least 1.2844 resistance (Fibonacci retracement, horizontal overlap resistance, breakout resistance).
Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a corresponding bounce from.

AUDJPY remain bullish for a further rise

Buy above 85.36. Stop loss at 84.39. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has shot up as expected and is fast approaching our profit target. We look to buy on dips above 85.36 support (Fibonacci retracement, horizontal pullback support, price gap) for a further push up to at least 86.67 resistance (Multiple Fibonacci retracement, horizontal pullback resistance).
Stochastic (89,3,1) warns that we are seeing immediate resistance so we should be expecting a drop soon for us to get in at a cheaper price.

USDJPY right on resistance once again, remain bearish

Sell below 112.70. Stop loss at 113.41. Take profit at 110.98.
Reason for the trading strategy (technically):
Price has shot down and bounced up to our selling area once again. We look to sell on major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop from.

AUDUSD profit target reached perfectly, prepare to sell on strength

Sell below 0.7629. Stop loss at 0.7660. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We look to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, descending resistance, price gap) for a further push down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance below 94% where we expect a corresponding drop from.

EURUSD look to buy on weakness for a last push up

Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963.
Reason for the trading strategy (technically):
Price has whipsawed around once again. We remain bullish looking to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.

MEX_Exchange · December 5, 2017, 7:02am

Date: December 5, 2017

USDCHF approaching major resistance, prepare to sell

Sell below 0.9881. Stop loss at 0.9948. Take profit at 0.9738.
Reason for the trading strategy (technically):
Price is testing channel resistance and major resistance at 0.9881 (Fibonacci retracement, horizontal overlap resistance, channel resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9738 support (Fibonacci retracement, horizontal swing low support, price gap).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from.

USDCAD right on support, time to buy

Buy above 1.2664. Stop loss at 1.2576. Take profit at 1.2844.
Reason for the trading strategy (technically):
Price is now testing our buying level and major support at 1.2664 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a bounce from this level up to at least 1.2844 resistance (Fibonacci retracement, horizontal overlap resistance, breakout resistance).
Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a corresponding bounce from.

AUDJPY bouncing off nicely from our support, remain bullish

Buy above 85.36. Stop loss at 84.39. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has dropped to our buying entry and bounced off perfectly. We look to buy on dips above 85.36 support (Fibonacci retracement, horizontal pullback support, price gap) for a further push up to at least 86.67 resistance (Multiple Fibonacci retracement, horizontal pullback resistance).
Stochastic (89,3,1) warns that we are seeing immediate resistance so we should exercise caution on this trade.

USDJPY reversing nicely, tweaking our sell entry due to new elements

Sell below 113.22. Stop loss at 113.96. Take profit at 111.79.
Reason for the trading strategy (technically):
Price has dropped nicely from our selling area. We adjust our selling area to be at major resistance 113.22 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 111.79 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 97% where we expect a strong reaction from.

AUDUSD below resistance, remain bearish

Sell below 0.7629. Stop loss at 0.7660. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price continues to hover below our resistance. We look to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, descending resistance, price gap) for a further push down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance below 94% where we expect a corresponding drop from.

EURUSD approaching support, remain bullish

Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963.
Reason for the trading strategy (technically):
We remain bullish looking to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.

MEX_Exchange · December 6, 2017, 6:44am

Date: December 6, 2017

USDCHF right on major resistance, time to sell

Sell below 0.9881. Stop loss at 0.9948. Take profit at 0.9738.
Reason for the trading strategy (technically):
Price is now testing our major selling area resistance at 0.9881 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9738 support (Fibonacci retracement, horizontal swing low support, price gap).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from.

USDCAD reversing nicely from support, remain bullish

Buy above 1.2664. Stop loss at 1.2576. Take profit at 1.2844.
Reason for the trading strategy (technically):
Price tested our major support before bouncing off nicely. We remain bullish above 1.2664 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a bounce from this level up to at least 1.2844 resistance (Fibonacci retracement, horizontal overlap resistance, breakout resistance).
Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a corresponding bounce from.

AUDJPY remain bullish for a further rise

Buy above 85.36. Stop loss at 84.39. Take profit at 86.67.
Reason for the trading strategy (technically):
We remain bullish looking to buy on dips above 85.36 support (Fibonacci retracement, horizontal pullback support, price gap) for a further push up to at least 86.67 resistance (Multiple Fibonacci retracement, horizontal pullback resistance).
Stochastic (89,3,1) warns that we are seeing immediate resistance so we should exercise caution on this trade.

USDJPY dropping nicely, remain bearish

Sell below 113.22. Stop loss at 113.96. Take profit at 111.79.
Reason for the trading strategy (technically):
Price continues to drop nicely as expected. We remain bearish looking to buy on strength below major resistance 113.22 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 111.79 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 97% where we expect a strong reaction from.

AUDUSD dropping nicely, remain bearish

Sell below 0.7630. Stop loss at 0.7660. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area. We look to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) has made a bearish exit signalling further bearish momentum is expected.

EURUSD bouncing nicely, remain bullish

Buy above 1.1805. Stop loss at 1.1749. Take profit at 1.1928.
Reason for the trading strategy (technically):
Price has touched our buying entry and bounced up nicely. We remain bullish above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) for a push up to at least 1.1928 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential. We can also see bullish divergence vs price signalling that a reversal is impending.

MEX_Exchange · December 7, 2017, 2:20am

Date: December 7, 2017

USDCHF remain bearish

Sell below 0.9903. Stop loss at 0.9948. Take profit at 0.9784.
Reason for the trading strategy (technically):
Price continues to test our major selling area resistance. We remain bearish looking to sell at 0.9903 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a corrective drop to at least 0.9784 support (Fibonacci retracement, price gap).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from. We can also see bearish divergence vs price signalling that a reversal is impending.

USDCAD profit target reached perfectly, prepare to sell

Sell below 1.2844. Stop loss at 1.2900. Take profit at 1.2708.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance at 1.2844 (Fiboancci extension, Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance at 98% where we expect a corresponding drop from.

NZDUSD time to start buying

Buy above 0.6871. Stop loss at 0.6838. Take profit at 0.6944.
Reason for the trading strategy (technically):
We look to buy above major support at 0.6871 (Fibonacci retracement, horizontal overlap support) push a push up to at least 0.6944 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a bounce from.

USDJPY looking to buy on dips for a bounce

Buy above 111.94. Stop loss at 111.60. Take profit at 113.06.
Reason for the trading strategy (technically):
Price had dropped perfectly towards our profit target. We look to close off our position in profit and buy on dips above 111.94 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 113.06 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) once again.
Stochastic (21,3,1) is bouncing nicely off our 6.2% support with good upside potential.

AUDUSD profit target reached perfectly, prepare to buy

Buy above 0.7534. Stop loss at 0.7513. Take profit at 0.7593.
Reason for the trading strategy (technically):
Price has plummeted to our profit target. We look to buy above 0.7534 support (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7593 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,3,1) is seeing major support above 1.2% where we expect a corresponding bounce from.

EURUSD remain bullish

Buy above 1.1805. Stop loss at 1.1749. Take profit at 1.1928.
Reason for the trading strategy (technically):
Price is testing our buying support level. We remain bullish above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1928 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.

MEX_Exchange · December 8, 2017, 1:32am

Date: December 8, 2017

USDCAD right on resistance, remain bearish

Sell below 1.2859. Stop loss at 1.2900. Take profit at 1.2708.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance at 1.2859 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance at 98% where we expect a corresponding drop from.

AUDJPY bouncing up nicely, remain bullish

Buy above 84.78. Stop loss at 84.39. Take profit at 86.13.
Reason for the trading strategy (technically):
We remain bullish on AUDJPY looking to buy above 84.78 support (Fibonacci retracement, swing low support) for a corrective bounce up to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support above 1.4% where we expect a corresponding bounce from.

USDJPY profit target reached perfectly, prepare to sell

Sell below 113.20. Stop loss at 113.61. Take profit at 112.04.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target. We look to sell below 113.20 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 112.04 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from.

MEX_Exchange · December 11, 2017, 3:23am

Date: December 11, 2017

USDCAD reversing nicely from our selling area, remain bearish

Sell below 1.2859. Stop loss at 1.2900. Take profit at 1.2708.
Reason for the trading strategy (technically):
Price has been testing our selling area and is starting to form a nice reversal pattern. We remain bearish looking to sell on major resistance at 1.2859 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is showing major resistance at 98% where we expect a strong reaction from. We can also see bearish divergence vs price signalling that a reversal is impending.

EURUSD approaching strong support, prepare to buy

Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811.
Reason for the trading strategy (technically):
Price has been dropping strongly from last week. We look to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support, Fibonacci extension area) for a push up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing strong support above 1.8% and has good upside potential.

USDJPY time to turn bullish on pullback support

Buy above 113.11. Stop loss at 112.79. Take profit at 113.90.
Reason for the trading strategy (technically):
Price has broken a key level of support triggering our bullish move. We look to buy above major support at 113.11 (Fibonacci retracement, horizontal overlap support) for a push up to at least 113.90 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is showing major resistance at 96% so we expect a retracement first to get us into a good entry position before our bounce.

BTCUSD look to buy on weakness

Buy above 11887. Stop loss at 10446. Take profit at 15221.
Reason for the trading strategy (technically):
Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8% Fibonacci extension. We are bullish on this and the key question is where to find a good entry level. We look to buy above 11887 support (61.8% Fibonacci retracement, horizontal pullback support) with first key level of support seen at 12116 (100% Fibonacci extension). Our profit target would be at 15221 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) main support is at 21% and we should expect it to drop towards that level which corresponds to our buy entry.

Reason for the trading strategy (fundamentally):
While it’s important to find out what is driving the mega climb on Bitcoin, it’s likely that this run is very much fuelled by speculation over value as one of the key points is the stark contrast we’re seeing versus the other major cryptocurrencies. While Bitcoin has been rallying, Ethereum, Ripples and Litecoin were all ranging and some even dropping despite being much better and suited for day-to-day transactions – which is what the whole concept of Bitcoin and Cryptocurrencies are meant to achieve. Hence this shows that the appetite we’re seeing right now is not so much for cryptocurrencies and how they would radically redefine the financial system. Based on this, we can expect further volatility and price to obey much more key technical levels as that is the main area the markets would be looking at especially with a lack of key fundamentals.

MEX_Exchange · December 12, 2017, 3:03am

Date: December 11, 2017

USDCAD forming a nice reversal pattern, remain bearish

Sell below 1.2859. Stop loss at 1.2900. Take profit at 1.2708.
Reason for the trading strategy (technically):
Price continues to test our selling area and is starting to form another nice reversal pattern. We remain bearish looking to sell on major resistance at 1.2859 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is showing major resistance at 98% where we expect a strong reaction from. We can also see bearish divergence vs price signalling that a reversal is impending. A recent break below 87% suggests that a drop is approaching.

EURUSD profit target reached, time to turn bearish

Sell below 1.1811. Stop loss at 1.1853. Take profit at 1.1712.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We look to sell below 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.1712 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (55,3,1) is seeing major resistance at 96% where a good reaction occurred. It now has good downside potential to ride the rest of the move down.

AUDJPY rising nicely from our buying area, remain bullish

Buy above 84.78. Stop loss at 84.39. Take profit at 86.13.
Reason for the trading strategy (technically):
Price has continued to rise nicely from our buying entry. We remain bullish above 84.78 support (Fibonacci retracement, horizontal swing low support) for a further rise to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
Stochastic (55,3,1) is seeing strong support above 1.4% and has good upside potential following the recent bounce.

BTCUSD approaching major resistance, prepare to sell

Sell below 17459. Stop loss at 18770. Take profit at 14739.
Reason for the trading strategy (technically):
Bitcoin’s price has continued to rise strongly yesterday and we’re seeing it approaching a major resistance area. We look to sell below 17459 resistance (Fibonacci extension, bearish price action, bearish divergence) for a drop towards at least 14739 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% and also displays bearish divergence vs price, signalling that a reversal is impending.

Reason for the trading strategy (fundamentally):
Bitcoin January futures (which are contracts that let investors buy or sell something at a specific price in the future) price are about $17,800 which is rather close to where we forecast major resistance. This is in line with the immediate resistance we’re seeing on the technical side so it would be safe to start looking to short Bitcoin for a correction.

MEX_Exchange · December 13, 2017, 2:40am

Date: December 13, 2017

USDCHF approaching major support, prepare to buy

Buy above 0.9883. Stop loss at 0.9848. Take profit at 0.9971.
Reason for the trading strategy (technically):
Price is approaching major support at 0.9983 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a nice bounce above this level to push price up to at least 0.9971 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is approaching major support at 2.1% where we expect a corresponding bounce.

EURUSD profit target reached once again, prepare to buy

Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811.
Reason for the trading strategy (technically):
Price has dropped strongly towards our profit target as expected. We prepare to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support) for a bounce up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is approaching major support at 1.6% where a corresponding bounce is expected.

USDJPY approaching major resistance, prepare to sell

Sell below 113.91. Stop loss at 114.41. Take profit at 113.12.
Reason for the trading strategy (technically):
Price is approaching major resistance at 113.91 (Fibonacci retracement, Fibonacci extension, swing high resistance) and we expect to see a strong reaction off that level to push price down to at least 113.12 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 96% where we expect a further drop from.

BTCUSD reacting off our selling entry perfectly, remain bearish

Sell below 17459. Stop loss at 18770. Take profit at 14739.
Reason for the trading strategy (technically):
Bitcoin has reached our selling area and is reacting off it nicely. We remain bearish looking to sell below 17459 resistance (Fibonacci extension, bearish price action, bearish divergence) for a drop towards at least 14739 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% and also displays bearish divergence vs price, signalling that a reversal is impending.

Reason for the trading strategy (fundamentally):
Bitcoin January futures (which are contracts that let investors buy or sell something at a specific price in the future) price are about $17,800 which is rather close to where we forecast major resistance. This is in line with the immediate resistance we’re seeing on the technical side so it would be safe to start looking to short Bitcoin for a correction.

MEX_Exchange · December 14, 2017, 2:27am

Date: December 14, 2017

AUDUSD approaching major resistance, prepare to sell

Sell below 0.7698. Stop loss at 0.7751. Take profit at 0.7537.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.7698 (Fibonacci retracement, horizontal swing high resistance) and we expect to see a reaction off this level to push price down to at least 0.7537 support (Fibonacci retracement, horizontal overlap support). Stop loss is at 0.7751 (Multiple Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing major resistance below our 97% and we expect a strong reaction off this level.

EURUSD profit target reached perfectly once again, remain bullish

Buy above 1.1811. Stop loss at 1.1764. Take profit at 1.1892.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We remain bullish looking to buy on dips above 1.1811 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.1892 resistance (Fibonacci retracement, price gap).
Stochastic (34,3,1) is seeing major resistance at 98% so we expect to see a reaction off this level to push price down first before resuming a rise.

AUDJPY approaching major resistance, remain bearish

Sell below 86.67. Stop loss at 87.34. Take profit at 84.69.
Reason for the trading strategy (technically):
Price continues to rise towards our major resistance area. We look to sell below 86.67 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) for a push down to at least 84.69 support (Fibonacci retracement, horizontal swing low support).
Stochastic (55,3,1) is seeing major resistance below 98% and we expect a corresponding reaction off this level.

BTCUSD dropping perfectly as expected, close off position in profit and prepare to sell on break of support

Sell below 15995. Stop loss at 16612. Take profit at 14739.
Reason for the trading strategy (technically):
Bitcoin has dropped perfectly from our selling area. We now close off our position in profit and prepare to sell on the break of 15995 support (Fibonacci retracement, horizontal overlap support, bullish price action) and if price closes below this level, we expect a strong push down to at least 14739 support (Fibonacci retracement, horizontal overlap support).

Reason for the trading strategy (fundamentally):
The rise of bitcoin has been slowing down especially with news from the South Korean government holding an emergency meeting to evaluate the state of the local cryptocurrency market and trading of digital currencies. There are plans to introduce various regulatory measures on Friday, December 15. This is largely due to many cryptocurrency-related Ponzi schemes in the local market and many scams going around. So expect slower movements on Bitcoin towards the end of this week.