☆ Daily Technical Analysis by MEX Exchange ☆

MEX_Exchange · September 6, 2017, 1:33am

Date: September 6, 2017

GBPUSD approaching major resistance, prepare to sell

Sell below 1.3053. Stop loss at 1.3120. Take profit at 1.2913.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.3053 (Multiple Fibonacci extensions, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 1.2913 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 93% where we expect a corresponding drop from.

AUDJPY remain bullish as we continue to test support

Buy above 86.92. Stop loss at 86.52. Take profit at 87.61.
Reason for the trading strategy (technically):
Price has continued to test our buying area yesterday. We prepare to buy above major support at 86.92 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.61 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.

**USDJPY approaching major support, prepare to buy **

Buy above 108.27. Stop loss at 107.92. Take profit at 109.46.
Reason for the trading strategy (technically):
Price is approaching major support at 108.27 (Fibonacci extension, horizontal swing low support, channel support) where we expect a bounce from to push price up to at least 109.46 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 3.4% where we expect a corresponding bounce from.

EURUSD remain bearish as we continue to test resistance

Sell below 1.1918. Stop loss at 1.1955. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.

NZDUSD testing major resistance, prepare to sell

Sell below 0.7261. Stop loss at 0.7301. Take profit at 0.7208.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7261 (Multiple Fibonacci retracements, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.7208 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below 92% and we expect a corresponding reaction off this level.

EURJPY profit target reached again, prepare to buy

Buy above 129.13. Stop loss at 128.46. Take profit at 130.04.
Reason for the trading strategy (technically):
Price is approaching major support at 129.13 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 130.04 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 4.6% where we expect a corresponding bounce from.

MEX_Exchange · September 7, 2017, 1:58am

Date: September 7, 2017

GBPUSD testing major resistance, prepare to sell

Sell below 1.3059. Stop loss at 1.3120. Take profit at 1.2913.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.3059 (Multiple Fibonacci extensions, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 1.2913 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 93% where we expect a corresponding drop from.

USDCHF testing major support, remain bullish

Buy above 0.9536. Stop loss at 0.9493. Take profit at 0.9655.
Reason for the trading strategy (technically):
Price continues to test major support at 0.9536 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we remain bullish above this level for a bounce up to at least 0.9655 resistance (Fibonacci retracement, horizontal swing high resistance, price gap).
Stochastic (34,5,3) is testing major support at 3.8% where we expect a bounce from.

USDJPY approaching major support, prepare to buy

Buy above 108.27. Stop loss at 107.92. Take profit at 109.46.
Reason for the trading strategy (technically):
Price is approaching major support at 108.27 (Fibonacci extension, horizontal swing low support, channel support) where we expect a bounce from to push price up to at least 109.46 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 3.4% where we expect a corresponding bounce from.

EURUSD testing major resistance, remain bearish

Sell below 1.1945. Stop loss at 1.1989. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price continues to test major resistance at 1.1945 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1825 support (Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.

NZDUSD profit target reached absolutely perfectly, prepare to buy for a bounce

Sell below 0.7204. Stop loss at 0.7181. Take profit at 0.7264.
Reason for the trading strategy (technically):
Price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 2.6% where we expect a bounce from.

EURJPY profit target reached, prepare to sell

Sell below 130.04. Stop loss at 130.72. Take profit at 129.13.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target really nicely. We prepare to sell below major resistance at 130.04 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 129.13 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 91% and we expect a strong corresponding reaction off that level.

MEX_Exchange · September 8, 2017, 1:24am

Date: September 8, 2017

AUDUSD sell below major resistance

Sell below 0.8059. Stop loss at 0.8083. Take profit at 0.7984.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.8059 (Multiple Fibonacci extensions, horizontal swing high resistance, Fibonacci retracement) and we expect a major reaction off that level to push price all the way down to 0.7984 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 94% where we expect a strong reaction from.

USDCHF key support broken, time to start selling

Sell below 0.9535. Stop loss at 0.9586. Take profit at 0.9431.
Reason for the trading strategy (technically):
Price has broken a major support level triggering a bearish drop. We prepare to sell below 0.9535 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down all the way to 0.9431 support (Fibonacci extension, horizontal swing low support).
RSI (34) has broken a key support-turned-resistance level at 42% triggering a drop from here.

USDJPY bouncing nicely above support, remain bullish for a push up

Buy above 108.04. Stop loss at 107.81. Take profit at 109.38.
Reason for the trading strategy (technically):
Price has started to bounce up nicely from our major support level at 108.04 (Fibonacci extension, horizontal swing low support, channel support). We expect a strong bounce from this level to push price up to at least 109.38 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 3.4% where we expect a corresponding bounce from.

AUDJPY bouncing nicely above support, remain bullish

Buy above 86.92. Stop loss at 86.52. Take profit at 87.61.
Reason for the trading strategy (technically):
Price is bouncing nicely above major support at 86.92 (Fibonacci retracement, horizontal overlap support) and we expect a strong bounce above this level to push price up to at least 87.61 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
RSI (34) is seeing strong ascending support holding our bullish momentum.

NZDUSD prepare to sell on major resistance

Sell below 0.7295. Stop loss at 0.7340. Take profit at 0.7203.
Reason for the trading strategy (technically):
We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly.

EURJPY reversing nicely, prepare to sell

Sell below 130.93. Stop loss at 131.43. Take profit at 129.32.
Reason for the trading strategy (technically):
We remain bearish looking to sell on strength below 130.93 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a strong push down to at least 12932 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 92% and we expect a further drop from this level.

MEX_Exchange · September 11, 2017, 3:55am

Date: September 11, 2017

GBPUSD approaching major resistance, prepare to sell

Sell below 1.3265. Stop loss at 1.3324. Take profit at 1.3074.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.3265 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level to push price down to at least 1.3074 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 93% and we expect a corresponding drop from this level.

USDCHF profit target reached perfectly, prepare to buy

Buy above 0.9431. Stop loss at 0.9398. Take profit at 0.9528.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9431 (Fibonacci extension, horizontal swing low support, bullish price action) for a push up to at least 0.9528 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing major support above 3.46% and we expect a corresponding bounce above that level similar to the one we’re expecting on price.

EURUSD forming a nice reversal signal, prepare to sell

Sell below 1.2069. Stop loss at 1.2111. Take profit at 1.1956.
Reason for the trading strategy (technically):
Price is forming a really nice reversal pattern. We prepare to sell below 1.2069 resistance (Fibonacci extension, horizontal swing high resistance, bearish divergence) for a push down all the way to 1.1956 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 94% and is also seeing bearish divergence, signalling that a reversal is impending.

AUDJPY profit target reached perfectly, prepare to buy once again

Buy above 86.55. Stop loss at 86.11. Take profit at 87.78.
Reason for the trading strategy (technically):
Price has bounced up perfectly to our profit target from last week. Today we prepare to buy above major support at 86.55 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a bounce up to at least 87.78 resistance (price gap, horizontal resistance).
RSI (34) is seeing ascending support holding up our bullish momentum really well.

NZDUSD approaching major support, prepare to buy

Buy above 0.7238. Stop loss at 0.7201. Take profit at 0.7335.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7238 (multiple Fibonacci retracement, horizontal pullback support, Fibonacci extension) where we expect a strong bounce from to push price all the way up to 0.7335 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 3.64% and we expect a bounce above that level once it reaches there.

EURJPY profit target reached perfectly, prepare to buy

Buy above 129.34. Stop loss at 128.44. Take profit at 130.66.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 129.34 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 130.66 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 1.45% and we expect a bounce above this level soon.

MEX_Exchange · September 12, 2017, 1:51am

Date: September 12, 2017

USDJPY approaching major resistance, prepare to sell

Sell below 109.40. Stop loss at 109.95. Take profit at 107.95.
Reason for the trading strategy (technically):
Price is approaching major resistance at 109.40 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level for a push down to at least 107.95 support (Fibonacci retracement, fill price gap, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a reaction from similar to the one we’re expecting on price.

USDCHF profit target reached perfectly again, prepare to sell

Sell below 0.9582. Stop loss at 0.9625. Take profit at 0.9483.
Reason for the trading strategy (technically):
Price has bounced up perfectly and reached our profit target once again. We prepare to sell below major resistance at 0.9582 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.9483 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing strong resistance below 100% and we expect a corresponding drop from that level similar to the one we’re expecting on price.

EURUSD profit target reached perfectly, prepare to buy on major support

Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension, horizontal swing high resistance, fill price gap).
Stochastic (34,3,1) is seeing major support above 6% and we expect a corresponding bounce above this level similar to the one we’re expecting on price.

AUDJPY profit target reached once again, prepare to sell

Sell below 87.86. Stop loss at 88.28. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has bounced up perfectly as expected and has reached our profit target. We prepare to sell on major resistance at 87.86 (Fibonacci extension, horizontal swing high resistance, fill price gap) for a strong drop to at least 86.67 support (Fibonacci retracement, horizontal swing low support, fill price gap).
RSI (34) sees a long term descending resistance as immediate resistance.

NZDUSD bouncing up nicely, remain bullish for a further push up

Buy above 0.7335. Stop loss at 0.7201. Take profit at 0.7291.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has started to retrace. We prepare to buy once again on major support at 0.7225 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up once again to 0.7291 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 2% where we expect a similar bounce from.

EURJPY profit target reached once again, prepare to sell

Sell below 130.64. Stop loss at 131.15. Take profit at 129.37.
Reason for the trading strategy (technically):
Price has bounced up perfectly and reached our profit target. We prepare to sell once again on major resistance at 130.64 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a strong push down to at least 129.37 support (Fibonacci extension, horizontal swing low support, fill price gap).
Stochastic (34,3,1) is seeing major resistance below 96% and we expect a corresponding reaction off this level similar to the one we’re expecting on price.

MEX_Exchange · September 13, 2017, 1:13am

Date: September 13, 2017

USDJPY approaching major resistance, prepare to sell

Sell below 110.18. Stop loss at 111.10. Take profit at 107.95.
Reason for the trading strategy (technically):
Price is approaching major resistance at 110.18 (Fibonacci retracement, filling price gap) and we expect a strong reaction off this level to push price down to 107.95 (Fibonacci retracement, filling price gap).
Stochastic (34,3,1) is seeing major resistance below 97% and we expect a strong reaction off this level too.

USDCHF forming a nice reversal, remain bearish

Sell below 0.9582. Stop loss at 0.9625. Take profit at 0.9483.
Reason for the trading strategy (technically):
Price has started to form a really nice reversal signal. We remain bearish looking to sell below major resistance at 0.9582 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 0.9483 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing strong resistance below 100% and we expect a corresponding drop from that level similar to the one we’re expecting on price. We can also see bearish divergence vs price signalling that a reversal is impending.

EURUSD testing major support, remain bullish

Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083.
Reason for the trading strategy (technically):
Price has dropped and reached our buying area. We remain bullish looking to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension, horizontal swing high resistance, fill price gap).
Stochastic (34,3,1) is seeing major support above 6% and has started to bounce up nicely from that level, also displaying good upside potential for our rise.

AUDUSD forming a nice bullish reversal, time to start buying

Buy above 0.8001. Stop loss at 0.7956. Take profit at 0.8121.
Reason for the trading strategy (technically):
Price is bouncing up nicely above major support at 0.8001 (Fibonacci retracement, fibonacci extension, bullish divergence) and we expect a strong bounce from this level to push price up to at least 0.8121 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support above 8% and we can see bullish divergence vs price signalling that a bounce is impending.

NZDUSD profit target reached perfectly, prepare to sell

Sell below 0.7319. Stop loss at 0.7344. Take profit at 0.7224.
Reason for the trading strategy (technically):
Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci extension, fibonacci retracement, horizontal swing low support) once again.
Stochastic (34,3,1) is seeing major resistance below 91% where we expect a reaction from.

EURJPY approaching major resistance, prepare to sell

Sell below 131.65. Stop loss at 131.99. take profit at 130.41.
Reason for the trading strategy (technically):
Price is approaching major resistance at 131.65 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction off that level to push price down to at least 130.41 support (Fibonacci retracement, fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% and we expect a similar reaction off this level to follow the drop we’re expecting on price.

MEX_Exchange · September 14, 2017, 1:16am

Date: September 14, 2017

USDJPY approaching major resistance, remain bearish

Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price continues to rise as we approach major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 97% and we expect a drop from this level soon, similar to the one we’re expecting on price.

USDCHF approaching major resistance, prepare to sell

Sell below 0.9675. Stop loss at 0.9706. Take profit at 0.9578.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is approaching our 100% resistance once again where we expect a strong reaction from.

EURUSD approaching major support, prepare to buy

Buy above 1.1829. Stop loss at 1.1768. Take profit at 1.1926.
Reason for the trading strategy (technically):
Price continues to drop further and is fast approaching major support at 1.1829 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a strong bounce from this level to push price up to at least 1.1926 resistance (Fibonacci retracement, horizontal pullback resistance) once again.
Stochastic (34,3,1) is seeing strong support above 4.1% where we expect a bounce from similar to the one we’re expecting on price.

AUDUSD approaching major support, prepare to buy

Buy above 0.7966. Stop loss at 0.7935. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7966 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a strong bounce from this level to push price up to at least 0.8051 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 8% where we expect a further bounce from.

AUDJPY approaching strong support, prepare to buy

Buy above 87.91. Stop loss at 87.45. Take profit at 88.56.
Reason for the trading strategy (technically):
Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.

EURJPY reversing from major resistance, remain bearish

Sell below 131.96. Stop loss at 132.40. Take profit at 130.71.
Reason for the trading strategy (technically):
Price is reversing very nicely below major resistance at 131.96 (Fibonacci extension, Elliott wave theory) and we expect a strong reaction from this level to push price down to at least 130.71 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,3,1) is seeing a drop from our 96% resistance with good downside potential.

MEX_Exchange · September 15, 2017, 1:33am

Date: September 15, 2017

USDJPY reacting off major resistance, remain bearish

Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price has risen to our selling area as expected. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 97% and we expect a drop from this level soon, similar to the one we’re expecting on price.

USDCHF reversing perfectly as expected, remain bearish

Sell below 0.9675. Stop loss at 0.9708. Take profit at 0.9578.
Reason for the trading strategy (technically):
Price has risen to our selling area and reversed perfectly as expected. We remain bearish below resistance at 0.9675 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9578 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is dropping really nicely from our 100% resistance fuelled by the bearish divergence vs price.

EURUSD profit target reached, price expected to test major support once again before bouncing up

Buy above 1.1829. Stop loss at 1.1768. Take profit at 1.1926.
Reason for the trading strategy (technically):
Price dropped and bounced up perfectly from our buying area to reach our profit target. We expect it to drop once again to our major support at 1.1829 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we make a strong bounce from this level to push price up to at least 1.1926 resistance (Fibonacci retracement, horizontal pullback resistance) once again.
Stochastic (34,3,1) is seeing strong support above 4.1% where we expect a bounce from similar to the one we’re expecting on price.

AUDUSD bouncing up perfectly, remain bullish

Buy above 0.7966. Stop loss at 0.7935. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price is bouncing up perfectly from our major support at 0.7966 (Fibonacci extension, Fibonacci retracement, horizontal swing low support, bullish divergence) and we expect to see a further push up from this level to at least 0.8051 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 8% where we expect a further bounce from. We can also see bullish divergence vs price signalling that a reversal is impending.

AUDJPY approaching strong support, prepare to buy

Buy above 87.91. Stop loss at 87.45. Take profit at 88.56.
Reason for the trading strategy (technically):
Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.

EURJPY reversing from major resistance, remain bearish

Sell below 131.96. Stop loss at 132.40. Take profit at 130.71.
Reason for the trading strategy (technically):
Price is reversing very nicely below major resistance at 131.96 (Fibonacci extension, Elliott wave theory) and we expect a strong reaction from this level to push price down to at least 130.71 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,3,1) is once again approaching our 96% resistance where we expect a second reaction from.

MEX_Exchange · September 18, 2017, 1:55am

Date: September 18, 2017

USDJPY testing major resistance, remain bearish

Sell below 110.90. Stop loss at 111.84. Take profit at 108.52.
Reason for the trading strategy (technically):
Price continues to test our resistance area which is our selling area. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 97% and we expect a drop from this level soon, similar to the one we’re expecting on price.

USDCHF profit target reached perfectly, prepare to buy the bounce

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 3% where we expect a corresponding bounce from.

EURUSD testing major resistance, prepare to sell

Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838.
Reason for the trading strategy (technically):
Price is seeing major resistance below 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement).
Stochastic (34,3,1) is seeing major resistance below 95% where stochastic is turning down nicely from.

AUDUSD bouncing up perfectly, remain bullish

Buy above 0.7987. Stop loss at 0.7951. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our previous buying area. We are also seeing price make a bullish exit of our long term descending resistance-turned-support line. The aim is to buy above support at 0.7987 (Fibonacci retracement, pullback support) for a further push up to at least 0.8051 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 4.6% where we expect further bullish action from.

AUDJPY profit target reached perfectly, prepare to sell

Sell below 89.25. Stop loss at 89.67. Take profit at 87.91.
Reason for the trading strategy (technically):
Price touched our buying area and shot up perfectly to our profit target. We prepare to sell below 89.25 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 87.91 support (Fibonacci retracement, horizontal overlap support)
RSI (34) sees horizontal resistance at 64% and we expect a reaction off this level to push price down correspondingly.

EURJPY testing major resistance, start to sell

Sell below 133.19. Stop loss at 133.87. Take profit at 131.73.
Reason for the trading strategy (technically):
Price is testing major resistance at 133.19 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level to push price down to at least 131.73 support (Fibonacci retracement, horizontal pullback support) once again.
Stochastic (34,3,1) is seeing strong resistance at 96% and we expect a strong reaction from this level to correspondingly push price down.

MEX_Exchange · September 19, 2017, 1:30am

Date: September 19, 2017

NZDUSD testing major support, prepare for a bounce

Buy above 0.7258. Stop loss at 0.7237. Take profit at 0.7311.
Reason for the trading strategy (technically):
Price is now testing major support at 0.7258 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a strong bounce above this level to push price up to 0.7311 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 13% where we expect a bounce from that corresponds to the one we’re expecting on NZDUSD.

USDCHF bouncing perfectly, remain bullish for a further rise

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price has bounced off perfectly from our buying area as expected. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 3% where we expect a further rise from.

EURUSD dropped perfectly as expected, remain bearish

Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838.
Reason for the trading strategy (technically):
Price is dropping perfectly from our selling area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement).
Stochastic (55,3,1) is seeing major resistance below 95% where stochastic has good downside potential from.

AUDUSD approaching major support, prepare to buy

Buy above 0.7928. Stop loss at 0.7866. Take profit at 0.8049.
Reason for the trading strategy (technically):
Price is now approaching major support at 0.7928 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a strong bounce above this level to push price up to at least 0.8049 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 4.6% and we expect a strong bounce from this level too.

AUDJPY dropping perfectly as expected, prepare to sell further upon the break of major support

Sell below 88.68. Stop loss at 89.40. Take profit at 87.91.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area as expected. We tighten our stop loss to protect our profits. Now we look to sell further when price breaks 88.68 support (Fibonacci retracement, double top confirmation) and we will ride the drop all the way down to 87.91 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees an ascending support line hold it up. Only a break of this ascending support would confirm the drop we’re expecting on AUDJPY.

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EURJPY testing major resistance, start to sell

Sell below 133.19. Stop loss at 133.87. Take profit at 131.73.
Reason for the trading strategy (technically):
Price continues to test major resistance at 133.19 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level to push price down to at least 131.73 support (Fibonacci retracement, horizontal pullback support) once again.
Stochastic (34,3,1) is seeing strong resistance at 96% and we expect a strong reaction from this level to correspondingly push price down.

MEX_Exchange · September 20, 2017, 1:24am

Date: September 20, 2017

NZDUSD profit target reached perfectly, prepare to sell

Sell below 0.7342. Stop loss at 0.7376. Take profit at 0.7251.
Reason for the trading strategy (technically):
Price has bounced up from our buying area and reached our profit target perfectly. We prepare to sell below major resistance at 0.7342 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.7251 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from to push price down.

USDCHF remain bullish for a further rise

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price continues to slowly climb towards our profit target in our bullish channel. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees an ascending support line holding up our bullish price momentum really well.

EURUSD testing resistance, remain bearish

Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838.
Reason for the trading strategy (technically):
Price is back to testing our resistance area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement).
Stochastic (55,3,1) is seeing major resistance below 95% where stochastic has good downside potential from.

AUDUSD approaching profit target, prepare to sell

Sell below 0.8023. Stop loss at 0.8060. Take profit at 0.7928.
Reason for the trading strategy (technically):
Price has bounced above our buying area perfectly yesterday and is fast approaching our profit target. We now start to sell below major resistance at 0.8023 (Fibonacci extension, descending resistance, swing high resistance, Fibonacci retracement) for a drop from here towards 0.7928 support (Fibonacci retracement, Fibonacci extension, swing low support).
Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from.

AUDJPY look to buy on weakness to play a further rise

Buy above 88.68. Stop loss at 88.33. Take profit at 89.47.
Reason for the trading strategy (technically):
Price continues to rise in our bullish channel. We look to buy on weakness above major support at 88.68 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a further rise towards 89.47 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) remains above our ascending support line signalling that we have not seen the end of our bullish momentum.

EURJPY testing major resistance, start to sell

Sell below 134.15. Stop loss at 134.92. Take profit at 132.01.
Reason for the trading strategy (technically):
Price is testing major channel resistance and we look to sell below this level of resistance (Swing high resistance, channel resistance, Fibonacci extension) for a short term correction to at least 132.01 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a further drop from.

MEX_Exchange · September 21, 2017, 1:25am

Date: September 21, 2017

NZDUSD look to buy on dips for a further push up

Buy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409.
Reason for the trading strategy (technically):
Price is approaching strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is seeing strong support above 3.9% where we expect a bounce from.

USDCHF profit target reached perfectly, remain bullish for a further rise

Buy above 0.9676. Stop loss at 0.9640. Take profit at 0.9757.
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 0.9676 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) has made a bullish exit of our triangle formation and remains in a bullish configuration.

EURUSD profit target reached perfectly, prepare to buy on major support

Buy above 1.1829. Stop loss at 1.1758. Take profit at 1.1957.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1829 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 1.1957 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 0.2% where we expect a bounce from.

AUDUSD look to buy on dips for a push up

Buy above 0.7990. Stop loss at 0.7934. Take profit at 0.8083.
Reason for the trading strategy (technically):
We look to buy on dips above major support at 0.7990 (Fibonacci retracement, horizontal overlap support, bullish price action) for a further push up to at least 0.8083 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 4.7% where we expect a bounce from.

USDJPY look to buy on dips for a further push up

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) sees support above 50% where we expect further bullish momentum from.

EURJPY dropping nicely, remain bearish

Sell below 134.15. Stop loss at 134.92. Take profit at 132.01.
Reason for the trading strategy (technically):
Price continues to test major channel resistance and we look to sell below this level of resistance (Swing high resistance, channel resistance, Fibonacci extension) for a short term correction to at least 132.01 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,3,1) is dropping nicely from our 96% resistance level with good downside potential.

MEX_Exchange · September 22, 2017, 1:27am

Date: September 22, 2017

NZDUSD right on our buying area, remain bullish for a bounce

Buy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409.
Reason for the trading strategy (technically):
Price has dropped as expected to our buying area. We look to buy above strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is seeing strong support above 3.9% where we expect a bounce from.

USDCHF approaching our major support, prepare to buy

Buy above 0.9679. Stop loss at 0.9629. Take profit at 0.9757.
Reason for the trading strategy (technically):
Price continues to inch down towards our buying area. We remain bullish looking to buy on dips above 0.9679 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) has made a bullish exit of our triangle formation and remains in a bullish configuration.

EURUSD bounced up perfectly to our profit target, prepare to sell on major resistance

Sell below 1.1966. Stop loss at 1.2001. Take profit at 1.1869.
Reason for the trading strategy (technically):
Price has bounced up strongly as expected. We now prepare to sell below major resistance at 1.1966 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 1.1869 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance below 92% and we expect a drop from this level.

AUDUSD testing major support, prepare to buy for a corrective bounce

Buy above 0.7913. Stop loss at 0.7869. Take profit at 0.7986.
Reason for the trading strategy (technically):
Price has dropped strongly and is now testing major support at 0.7916 (Fibonacci extension, Fibonacci retracement). We expect to see a corrective bounce from this level to push price up to at least 0.7986 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 4.7% where we expect a bounce from too.

USDJPY look to buy on dips for a further push up

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) sees support above 50% where we expect further bullish momentum from.

AUDJPY holding well above our ascending support, remain bullish

Buy above 88.92. Stop loss at 88.50. Take profit at 89.79.
Reason for the trading strategy (technically):
Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 5% and we expect a bounce above this level.

MEX_Exchange · September 25, 2017, 1:33am

Date: September 25, 2017

NZDUSD starting to face resistance, prepare to sell

Sell below 0.7343. Stop loss at 0.7390. Take profit at 0.7279.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area last week. Now we’re seeing price test strong resistance at 0.7343 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong reaction from here to push price down to at least 0.7279 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement) once again.
Stochastic (34,5,3) is seeing major resistance at 95% and we expect to see a strong reaction off this level too.

USDCHF bouncing up nicely remain bullish

Buy above 0.9679. Stop loss at 0.9629. Take profit at 0.9757.
Reason for the trading strategy (technically):
Price continues to inch down towards our buying area. We remain bullish looking to buy on dips above 0.9679 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) has made a bullish exit of our triangle formation and sees an ascending support line holding it up really well.

EURJPY dropping nicely, remain bearish

Sell below 134.15. Stop loss at 134.92. Take profit at 132.01.
Reason for the trading strategy (technically):
Price continues to test our major resistance at 134.15 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop form this level to at least 132.01 support (Fibonacci retracement, horizontal pullback support). Do take note of the bullish ascending channel we’re seeing as we might see price bounce off this level and only a break of the channel would see a stronger drop towards our profit target.
Stochastic (34,5,3) is seeing major resistance at 96% and we expect a drop from this level. It also displays good downside potential for our drop.

AUDUSD profit target reached perfectly, prepare to sell

Sell below 0.7991. Stop loss at 0.8037. Take profit at 0.7916.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 0.7991 (Fibonacci retracement, horizontal overlap resistance) for a push down back to 0.7916 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a further drop from.

USDJPY bouncing nicely off support, remain bullish

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has dropped to our buying area and has started to bounce off as expected. We remain bullish looking to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) sees support above 50% where we expect further bullish momentum from.

AUDJPY remain bullish for a further push up

Buy above 88.92. Stop loss at 88.40. Take profit at 89.79.
Reason for the trading strategy (technically):
We look to continue to buy above major support at 88.92 (Fibonacci retracement, horizontal overlap support) for a further push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is bouncing up nicely from our 5% support and still has some upside potential to go which coincides with the wise we expect in price.

MEX_Exchange · September 26, 2017, 1:33am

Date: September 26, 2017

NZDUSD profit target reached perfectly, prepare to buy for another bounce

Buy above 0.7247. Stop loss at 0.7178. Take profit at 0.7341.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target. We prepare to buy above major support at 0.7247 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) for a bounce up to at least 0.7341 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 1.8% where we expect a bounce from.

USDCHF profit target reached perfectly before dropping strongly. Time to start selling

Sell below 0.9672. Stop loss at 0.9711. Take profit at 0.9580.
Reason for the trading strategy (technically):
Price shot up and reached our profit target perfectly before dropping from there. We are now seeing strong support broken triggering a double top reversal. The plan is to sell below major resistance at 0.9672 (overlap resistance, Fibonacci retracement) for a push down to at least 0.9580 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
RSI (34) sees our long term ascending line broken triggering a bearish exit and a change in momentum.

EURJPY profit target reached perfectly, prepare to buy

Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We now prepare to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 2.5% where we expect a bounce from.

AUDUSD approaching profit target, prepare to buy

Buy above 0.7868. Stop loss at 0.7793. Take profit at 0.7974.
Reason for the trading strategy (technically):
Price has continued to drop nicely towards our profit target. We prepare to buy above 0.7868 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 0.7974 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing downside potential before our major support at 2.9% where we expect a bounce from.

EURUSD testing major support, time to start buying

Buy above 1.1839. Stop loss at 1.1775. Take profit at 1.1948.
Reason for the trading strategy (technically):
Price is now testing major support at 1.1839 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a bounce from this level to push price up to at least 1.1948 resistance (Fibonacci retracement, fill price gap).
Stochastic (34,3,1) is turning up nicely form our 3% support.

AUDJPY testing major support, time to start buying

Buy above 88.52. Stop loss at 87.89. Take profit at 89.66.
Reason for the trading strategy (technically):
Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing support above 5% and also sees bullish divergence vs price signalling that a reversal is impending.

MEX_Exchange · September 27, 2017, 1:19am

Date: September 27, 2017

NZDUSD profit target reached perfectly, prepare to buy for another bounce

Buy above 0.7180. Stop loss at 0.7140. Take profit at 0.7247.
Reason for the trading strategy (technically):
Price has continued to drop further and we’re starting to see price test major support. We prepare to buy above major support at 0.7180 (Fibonacci extension, horizontal swing low support) for a bounce to at least 0.7247 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is bouncing up nicely from our 1.8% support and has good upside potential.

USDJPY bouncing up nicely as expected, remain bullish

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.
Reason for the trading strategy (technically):
Price has started to bounce nicely off our support at 111.71 (Fibonacci retracement, horizontal overlap support) and we expect a further rise from this level to at least major resistance at 113.41 (Fibonacci retracement, Fibonacci extension).
RSI (55) is seeing support above 50% and as long as it remains above that line, we remain bullish.

EURJPY testing major support, remain bullish

Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price continues to bounce up nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 2.5% where we expect a bounce from.

AUDUSD testing major support, remain bullish

Buy above 0.7868. Stop loss at 0.7793. Take profit at 0.7974.
Reason for the trading strategy (technically):
Price has now started to test our support buying area. We remain bullish looking to buy above 0.7868 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 0.7974 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is bouncing up nicely from our 2.9% support area as expected.

EURUSD bounce expected, time to start buying for a correction

Buy above 1.1776. Stop loss at 1.1727. Take profit at 1.1865.
Reason for the trading strategy (technically):
Price is now testing major support at 1.1776 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) and we expect to see a bounce above this level to push price up to at least 1.1865 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing major support above 1.8% where we’re starting to see a bounce from.

AUDJPY right on buying level, remain bullish

Buy above 88.52. Stop loss at 87.89. Take profit at 89.66.
Reason for the trading strategy (technically):
Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.

MEX_Exchange · September 28, 2017, 2:00am

Date: September 28, 2017

NZDUSD profit target reached nicely, prepare to sell

Sell below 0.7247. Stop loss at 0.7300. Take profit at 0.7178.
Reason for the trading strategy (technically):
Price has bounced up nicely from our buying area and reached our profit target. We prepare to sell below major resistance at 0.7247 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.

USDJPY profit target reached perfectly, prepare to sell

Sell below 113.41. Stop loss at 114.64. Take profit at 111.62.
Reason for the trading strategy (technically):
Price has shot up nicely as expected and reached our profit target. We prepare to sell below major resistance at 113.41 (Fibonacci retracement, Fibonacci extension) for an intermediate correction down to at least 111.62 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees resistance at 62% and we expect an intermediate correction from here.

EURJPY testing major support, remain bullish

Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is starting to bounce nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 2.5% and we’re starting to see a bounce from this level.

AUDUSD broken major support, time to start selling

Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has broken a major support level and we look to sell on the pullback to this resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action, descending resistance) for a push down to at least 0.7791 support (Fibonacci extension, Elliott wave theory).
RSI (55) sees a descending resistance line keep us in our bearish bias.

GBPUSD major support broken, look to sell on strength

Sell below 1.3463. Stop loss at 1.3533. Take profit at 1.3319.
Reason for the trading strategy (technically):
Price has broken major support and we look to sell from the pullback resistance at 1.3464 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.3319 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing a long term descending resistance keeping us in a bearish bias.

AUDJPY right on buying level, remain bullish

Buy above 88.52. Stop loss at 87.89. Take profit at 89.66.
Reason for the trading strategy (technically):
Price is now testing major support at 88.52 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) and we expect to see a bounce above this level to push price up to 89.66 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is starting to bounce nicely from our 5% support and ha good upside potential.

MEX_Exchange · September 29, 2017, 2:08am

Date: September 29, 2017

NZDUSD approaching selling area, remain bearish

Sell below 0.7244. Stop loss at 0.7300. Take profit at 0.7178.
Reason for the trading strategy (technically):
Price is once again rising and reaching our selling area. We prepare to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.

USDJPY reversing perfectly as expected, remain bearish for further drop

Sell below 112.65. Stop loss at 113.45. Take profit at 110.90.
Reason for the trading strategy (technically):
Price has started to reverse perfectly from our selling area as expected. We remain bearish looking to sell below 112.65 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further drop towards 110.90 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees bearish divergence signalling that a strong reversal is impending. However we see intermediate support at 50% so only a break of this level would confirm a further downside move.

EURJPY bouncing up nicely from our buying area, remain bullish

Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is starting to bounce nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 2.5% and we’re starting to see a bounce from this level.

AUDUSD dropped perfectly to our profit target before bouncing up, prepare to sell once again

Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target area before bouncing up and is approaching our major resistance once again. We look to sell on the pullback to the resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action) for a push down to at least 0.7791 support (Fibonacci extension, Elliott wave theory).
Stochastic (21,3,1) is seeing major resistance at 98% where we expect a further drop from.

GBPUSD approaching major resistance, remain bearish

Sell below 1.3463. Stop loss at 1.3533. Take profit at 1.3319.
Reason for the trading strategy (technically):
Price has broken major support and we look to sell from the pullback resistance at 1.3464 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.3319 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing major resistance below 98% and we expect a strong reaction off this level.

AUDJPY forming a nice reversal pattern, remain bullish

Buy above 88.04. Stop loss at 87.59. Take profit at 89.09.
Reason for the trading strategy (technically):
Price is finishing its triangle configuration which is a sign that a reversal is impending. We look to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing major support above 7% and we expect a stronger bounce above this level soon.

MEX_Exchange · October 2, 2017, 1:06am

Date: October 2, 2017

NZDUSD dropping nicely since reaching our selling area, remain bearish

Sell below 0.7244. Stop loss at 0.7300. Take profit at 0.7178.
Reason for the trading strategy (technically):
Price touched our selling area before reversing strongly. We remain bearish looking to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (21,3,1) is seeing strong resistance at 95% and still has good downside potential to ride the drop down.

USDJPY right on selling area, remain bearish

Sell below 112.65. Stop loss at 113.45. Take profit at 110.90.
Reason for the trading strategy (technically):
We remain bearish looking to sell below 112.65 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further drop towards 110.90 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees bearish divergence signalling that a strong reversal is impending. However we see intermediate support at 50% so only a break of this level would confirm a further downside move.

USDCHF right on major support, time to start buying

Buy above 0.9672. Stop loss at 0.9627. Take profit at 0.9758.
Reason for the trading strategy (technically):
Price is right on major support at 0.9672 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a major bounce above this level to push price up to at least 0.9758 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees major support above 42% where we continue to holds our bullish bias as long as it remains above the support.

AUDUSD approaching our selling area, remain bearish for a further drop

Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has reversed nicely below our selling area last week. We remain bearish looking to sell on the pullback to the resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action) for a further push down to at least 0.7791 support (Fibonacci extension, Elliott wave theory).
Stochastic (21,3,1) is seeing major resistance at 98% and still has good downside potential to play our drop.

EURUSD approaching major resistance, prepare to sell

Sell below 1.1841. Stop loss at 1.1890. Take profit at 1.1728.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.1841 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 1.1728 support (Fibonacci extension, horizontal swing low support, Elliott wave theory).
Stochastic (34,3,1) is seeing major resistance from the 100% level and we’re starting to see a nice reversal take place.

AUDJPY breaking our as expected, remain bullish

Buy above 88.04. Stop loss at 87.59. Take profit at 89.09.
Reason for the trading strategy (technically):
Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing major support above 7% and also sees bullish divergence vs price signalling that a reversal is fast approaching.

MEX_Exchange · October 3, 2017, 1:39am

Date: October 3, 2017

NZDUSD profit target reached perfectly, prepare to buy and play the bounce

Buy above 0.7174. Stop loss at 0.7150. Take profit at 0.7224.
Reason for the trading strategy (technically):
Price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price action on.

USDJPY right on selling area, remain bearish

Sell below 112.65. Stop loss at 113.45. Take profit at 110.90.
Reason for the trading strategy (technically):
We remain bearish looking to sell below 112.65 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further drop towards 110.90 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees bearish divergence signalling that a strong reversal is impending. However, we see intermediate support at 50% so only a break of this level would confirm a further downside move.

USDCHF profit target reached perfectly, prepare to sell

Sell below 0.9756. Stop loss at 0.9785. Take profit at 0.9679.
Reason for the trading strategy (technically):
Price has shot up perfectly and reached our profit target yesterday. We prepare to sell below major resistance at 0.9756 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.9679 support, Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (34) sees a long term descending resistance line signalling that we’re starting to see bearish momentum.

AUDUSD profit target reached perfectly, time to play the bounce

Buy above 0.7794. Stop loss at 0.7759. Take profit at 0.7868.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We prepare to buy above major support at 0.7794 (Fibonacci extension, horizontal swing low support, bullish divergence) for the bounce to at least 0.7868 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing major support above 0.8% and we can also see bullish divergence vs price signalling that a reversal is impending.

EURJPY approaching major support, prepare to buy

Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is approaching major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push price up to at least 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support above 1% where we expect a corresponding bounce from.

AUDJPY breaking out as expected, remain bullish

Buy above 88.04. Stop loss at 87.59. Take profit at 89.09.
Reason for the trading strategy (technically):
Price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,3,1) is seeing major support above 7% and also sees bullish divergence vs price signalling that a reversal is fast approaching.