☆ Daily Technical Analysis by MEX Exchange ☆

MEX_Exchange · November 1, 2017, 3:41am

Date: November 1, 2017

EURUSD reversing nicely, remain bearish

Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572.
Reason for the trading strategy (technically):
Price continues to confirm our suspicion as it rises towards major breakout resistance. We remain bearish as we continue to expect a strong push up to selling area of 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area) for sell orders to be accumulated before a further push back down to 1.1572 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is starting to see bearish divergence vs price signalling that a reversal is impending.

AUDUSD right on support once again, remain bullish

Buy above 0.7656. Stop loss at 0.7609. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price is once again testing our buying support. Today we remain bullish looking to buy above major support at 0.7656 (Fibonacci extension, Elliott wave structure) for a push up to resistance at 0.7730 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 3.6% and is bouncing nicely as expected.

USDCHF approaching profit target perfectly, remain bullish

Buy above 0.9937. Stop loss at 0.9872. Take profit at 1.0033.
Reason for the trading strategy (technically):
Price has started to approach our profit target perfectly. We can see that it has also made a bullish channel exit. We remain bullish above major support at 0.9937 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we look to buy above this level for a push up to at least 1.0033 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (23,3,1) is bouncing up nicely and has made multiple bullish exits signalling a further rise is expected.

NZDUSD bouncing perfectly, remain bullish

Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.

EURJPY profit target reached perfectly, remain bullish for a further push up

Buy above 132.28. Stop loss at 131.79. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We remain bullish looking to buy above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement).
Stochastic (89,3,1) is starting to bounce up nicely from our 2.7% support with good upside potential.

USDJPY profit target reached perfectly, prepare to sell

Sell below 113.85. Stop loss at 114.18. Take profit at 113.01.
Reason for the trading strategy (technically):
Price has reached our profit target from yesterday. We prepare to sell below major resistance at 113.85 (Fiboancci retracement, horizontal overlap resistance) for a push down to at least 113.01 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.

MEX_Exchange · November 2, 2017, 1:32am

Date: November 2, 2017

EURUSD reversing nicely, remain bearish

Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572.
Reason for the trading strategy (technically):
Price has started to reverse nicely from our selling area. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1572 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely with good downside potential. Bearish divergence vs price signals that a reversal is impending.

AUDUSD remain bullish with price bouncing nicely above our support

Buy above 0.7656. Stop loss at 0.7609. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price is once again bouncing nicely above our support. Today we remain bullish looking to buy above major support at 0.7656 (Fibonacci extension, Elliott wave structure) for a push up to resistance at 0.7730 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing strong support above 3.6% and is bouncing nicely as expected.

GBPUSD testing major resistance, prepare to sell

Sell below 1.3319. Stop loss at 1.3427. Take profit at 1.3161.
Reason for the trading strategy (technically):
Price has started to react strongly off major resistance at 1.3319 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong drop below this level to push price down to at least 1.3161 support (Fibonacci retracement, Fibonacci extension).
Stochastic (89,3,1) is seeing strong resistance below 99% and is turning down nicely signalling that a reversal is in action.

NZDUSD bouncing perfectly, remain bullish

Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.

EURJPY approaching profit target, remain bullish for a further push up

Buy above 132.28. Stop loss at 131.79. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has continued its rise nicely towards our profit target following our cup and handle reversal. We remain bullish looking to buy on dips above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement).
Stochastic (89,3,1) still has some upside potential before it reaches its major resistance which coincides with our profit target.

USDJPY testing major resistance, time to start selling

Sell below 114.23. Stop loss at 114.56. Take profit at 113.46.
Reason for the trading strategy (technically):
Price has continued to rise strongly from yesterday. Today we’re seeing strong resistance at 114.23 (Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective move from this level to push price down to at least 113.46 support (Fibonacci extension, Fibonacci retracement).
Stochastic (34,3,1) is seeing major resistance below 99% where we expect a strong corresponding reaction from.

MEX_Exchange · November 3, 2017, 1:12am

Date: November 3, 2017

EURUSD forming a really nice reversal, remain bearish

Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price has started to form a really nice reversal pattern as we first suspected. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely with good downside potential. Bearish divergence vs price signals that a reversal is impending.

AUDUSD profit target reached perfectly, prepare to sell

Sell below 0.7730. Stop loss at 0.7799. Take profit at 0.7629.
Reason for the trading strategy (technically):
Price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7730 (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 0.7629 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 95% where we expect a corresponding reaction from.

GBPUSD profit target reached perfectly, prepare to buy for a corrective bounce

Buy above 1.3043. Stop loss at 1.3010. Take profit at 1.3120.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We prepare to buy above major support at 1.3043 (Fibonacci extension, horizontal swing low support) for a corrective bounce first to 1.3120 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing major support at 0.5% where we expect a corresponding bounce from.

NZDUSD still making it’s reversal, remain bullish

Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price is still hovering above our buying entry. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.

EURJPY profit target reached perfectly, prepare to sell

Sell below 133.12. Stop loss at 133.51. Take profit at 132.28.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We prepare to sell below major resistance at 133.12 (Multiple Fibonacci extensions, horizontal pullback resistance) for a push down to at least 132.28 support (Fibonacci retracement, horizontal pullback support).
Stochastic (89,3,1) is seeing major resistance below 99% where we expect a strong reaction from.

USDJPY profit target reached, prepare to sell once again

Sell below 114.37. Stop loss at 114.76. Take profit at 113.54.
Reason for the trading strategy (technically):
Price reacted strong from our selling area and reached our profit target. We prepare once again to sell on strength below 114.37 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 113.54 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.

MEX_Exchange · November 6, 2017, 1:28am

Date: November 6, 2017

EURUSD dropping absolutely perfectly, remain bearish for a further drop

Sell below 1.1637. Stop loss at 1.1663. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price has reversed perfectly as expected and is on track to reaching our profit target. We remain bearish looking to sell on strength below 1.1637 resistance (Fibonacci retracement, horizontal pullback resistance, breakout pullback resistance, bearish divergence) for a further push down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing a nice bearish divergence vs price and also sees a bearish breakout signalling that we are yet to see further momentum to the downside.
RSI (34) also sees a bearish breakout signalling that we’re expecting further downside movement.

AUDUSD profit target reached once again, prepare for another bounce

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly as expected and has reached our profit target. We now prepare to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing major support above 0.6% where we expect a corresponding bounce from.

AUDJPY broken key support, turn bearish for a further move down

Sell below 87.37. Stop loss at 87.72. Take profit at 86.71.
Reason for the trading strategy (technically):
Price has broken a key support-turned-resistance level at 87.37 (Fibonacci retracement, horizontal overlap resistance) and we look to sell on strength below this level for a further drop to at least 86.71 support (Fibonacci extension, horizontal swing low support).
Stochastic (89,3,1) is seeing major resistance at 52% broken signalling that we’re likely to see further downside movement.

NZDUSD bouncing up nicely, remain bullish for a further rise

Buy above 0.6882. Stop loss at 0.6826. Take profit at 0.7006.
Reason for the trading strategy (technically):
Price has continued to bounce up nicely and we remain bullish above major support at 0.6882 (Fibonacci retracement, horizontal overlap support) for a further push up to at least 0.7006 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is bouncing up nicely from our 0.4% support.

EURJPY profit target reached perfectly once again, prepare to sell on break of major support

Sell below 132.30. Stop loss at 132.76. Take profit at 131.52.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and has reached our profit target once again. We prepare to sell on the break of 132.30 support (Fibonacci retracement, horizontal overlap support) for a strong push down to at least 131.52 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees immediate support at 41% and only as break of this level would confirm further downside movement.

USDJPY reversing perfectly as expected, remain bearish

Sell below 114.37. Stop loss at 114.76. Take profit at 113.54.
Reason for the trading strategy (technically):
We remain bearish looking to sell on strength below 114.37 resistance (Fibonacci extension, horizontal swing high resistance, bearish divergence) for a push down to at least 113.54 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees strong bearish divergence vs price signalling that a reversal is impending.

MEX_Exchange · November 7, 2017, 1:20am

Date: November 7, 2017

EURUSD dropping nicely, remain bearish looking to sell on strength

Sell below 1.1637. Stop loss at 1.1663. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price has continued to drop nicely yesterday. We remain bearish looking to sell on strength below 1.1637 resistance (Fibonacci retracement, horizontal pullback resistance, breakout pullback resistance) for a further push down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing a bearish descending line and bearish pullback as main signals that we’re still in a bearish configuration.

AUDUSD bouncing perfectly, remain bullish for a further push up

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price has bounced absolutely perfectly above our buying area and is on track to our profit target. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is bouncing up nicely from our 0.6% support.

AUDJPY preparing a bearish breakout, remain bearish

Sell below 87.37. Stop loss at 87.72. Take profit at 86.71.
Reason for the trading strategy (technically):
Price is forming a triangle formation and a bearish break out from this formation would signal a strong move to the downside. We remain bearish looking to sell below 87.37 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 86.71 support (Fibonacci extension, horizontal swing low support).
Stochastic (89,3,1) is seeing major resistance at 59% broken signalling that we’re likely to see further downside movement.

NZDUSD profit target reached perfectly, prepare to sell

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827.
Reason for the trading strategy (technically):
Price has continued to rise perfectly to our profit target. We now prepare to sell below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction from this level to push price down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs price signalling that a reversal is impending.

EURJPY major support broken, time to start selling

Sell below 132.30. Stop loss at 132.76. Take profit at 131.52.
Reason for the trading strategy (technically):
Price has broken major support and is on route to our profit target. We now look to sell on strength below major resistance at 132.30 (Fibonacci retracement, horizontal overlap support) for a strong push down to at least 131.52 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees immediate support at 41% and only as break of this level would confirm further downside movement.

USDJPY reversed perfectly to our profit target, remain bearish on break of major support

Sell below 113.56. Stop loss at 113.94. Take profit at 112.95.
Reason for the trading strategy (technically):
Price has reversed right below our stop loss and plummeted to our profit target. We look to sell on break of major support at 113.36 (Fibonacci retracement, horizontal overlap support) for a further push down to at least 112.95 support (Fibonacci retracement, horizontal swing low support).
RSI (55) sees major resistance below 59% and we expect to see further bearish movements below this level.

MEX_Exchange · November 8, 2017, 1:28am

Date: November 8, 2017

GBPUSD bouncing above major support, remain bullish for a push up

Buy above 1.3120. Stop loss at 1.3085. Take profit at 1.3236.
Reason for the trading strategy (technically):
Price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).
Stochastic (34,3,1) is bouncing above 3% support and has good upside potential.

AUDUSD right on major support, remain bullish for a bounce

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price has now formed an even stronger bullish reversal signal with our bullish divergence. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 2.2% and also sees bullish divergence vs price signalling that a bounce is impending.

AUDJPY dropping perfectly, remain bearish

Sell below 87.37. Stop loss at 87.72. Take profit at 86.71.
Reason for the trading strategy (technically):
Price has broke out of our triangle formation and made an absolutely perfect bearish breakout towards our profit target. We remain bearish looking to sell on strength below 87.37 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 86.71 support (Fibonacci extension, horizontal swing low support).
Stochastic (89,3,1) has a lot of downside pressure keeping momentum bearish.

NZDUSD reversing nicely, remain bearish

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827.
Reason for the trading strategy (technically):
Price has reversed perfectly as expected. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs price signalling that a reversal is impending. It still has some good downside potential for price to drop further.

EURJPY dropping nicely, remain bearish

Sell below 132.30. Stop loss at 132.76. Take profit at 131.52.
Reason for the trading strategy (technically):
Price has started to inch lower since yesterday. We now look to sell on strength below major resistance at 132.30 (Fibonacci retracement, horizontal overlap support) for a strong push down to at least 131.52 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees immediate support at 41% and only as break of this level would confirm further downside movement.

USDJPY remain bearish on break of major support

Sell below 113.56. Stop loss at 113.94. Take profit at 112.95.
Reason for the trading strategy (technically):
We look to sell on break of major support at 113.36 (Fibonacci retracement, horizontal overlap support) for a push down to at least 112.95 support (Fibonacci retracement, horizontal swing low support).
RSI (55) sees major resistance below 59% and we expect to see further bearish movements below this level.

MEX_Exchange · November 9, 2017, 1:42am

Date: November 9, 2017

GBPUSD has formed a strong reversal, time to start selling

Sell below 1.3120. Stop loss at 1.3178. Take profit at 1.3048.
Reason for the trading strategy (technically):
Price has dropped strongly since yesterday and has started to form a really strong reversal setup. We look to sell below major resistance at 1.3120 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.3048 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees descending resistance and immediate resistance at 46% which is supporting our bearish view.

AUDUSD bouncing up nicely as expected, remain bullish for a further rise

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price has bounced up beautifully from our buying area as expected. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing strong support above 2.2% and also sees bullish divergence vs price signalling that a bounce is impending.

AUDJPY has broken key resistance, time to start buying

Buy above 87.28. Stop loss at 86.88. Take profit at 88.08.
Reason for the trading strategy (technically):
Price has started to reverse strongly since yesterday. We look to buy above major support at 87.28 (Fibonacci retracement, horizontal overlap support) for a push up to at least 88.08 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (89,3,1) is now once again above our 59% support signalling the resuming of bullish momentum.

NZDUSD right on major resistance, remain bearish

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827.
Reason for the trading strategy (technically):
Price is now testing major resistance. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs price signalling that a reversal is impending. It still has some good downside potential for price to drop further.

EURJPY profit target reached perfectly, time to start buying

Buy above 131.51. Stop loss at 131.02. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target. We now look to buy above major support at 131.51 (Fibonacci extension, horizontal swing low support, bullish channel exit) for a push up to at least 133.12 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is now above our 41% support signalling that we’re resuming our bullish momentum.

USDJPY on long term bearish reversal

Sell below 114.39. Stop loss at 115.86. Take profit at 110.64.
Reason for the trading strategy (technically):
Our long term view on USDJPY is for it to be strongly bearish. This is because we’re seeing major resistance at 114.39 (Fibonacci extension, multiple horizontal resistance, Fibonacci retracement, bearish divergence) and we expect to see a strong drop from this level down to at least 110.64 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is also seeing major resistance below 96% and we can see strong bearish divergence signalling that a reversal is impending.

MEX_Exchange · November 10, 2017, 1:24am

Date: November 10, 2017

USDCHF testing major support, time to start buying

Buy above 0.9937. Stop loss at 0.9872. Take profit at 1.0036.
Reason for the trading strategy (technically):
Price is now testing major support at 0.9937 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a strong bounce above this level to push price up to at least 0.9937 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 6.9% support where we expect a corresponding bounce from.

AUDUSD bouncing up nicely as expected, remain bullish for a further rise

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price continues to rise nicely from our buying area, having made a bullish exit of its descending resistance-turned-support line. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is rising nicely with good upside potential. Bullish divergence vs price also signals that a reversal is in progress.

AUDJPY whipsawing a lot, remain bullish for a strong rise

Buy above 86.95. Stop loss at 86.61. Take profit at 87.67.
Reason for the trading strategy (technically):
Price has been whipsawing a lot since yesterday but is starting to form a nice reversal pattern. We look to buy above strong support at 86.95 (Fibonacci extension, Fibonacci retracement, horizontal swing low support, bullish divergence) for a bounce to at least 87.67 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.

NZDUSD remain bearish

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827.
Reason for the trading strategy (technically):
Price continues to test major resistance. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is dropping nicely from our resistance and has good downside potential.

EURJPY remain bullish for a bounce up

Buy above 131.51. Stop loss at 131.02. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has continued to whipsaw around our buying entry. We remain bullish looking to buy above major support at 131.51 (Fibonacci extension, horizontal swing low support, bullish channel exit) for a push up to at least 133.12 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is now above our 41% support signalling that we’re resuming our bullish momentum.

EURUSD approaching major resistance, prepare to sell

Sell below 1.1679. Stop loss at 1.1736. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.1679 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect to see a strong reaction off that level to push price down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 99% and we expect a corresponding reaction off this level.

MEX_Exchange · November 13, 2017, 1:27am

Date: November 13, 2017

USDCHF bouncing nicely from our buying area, remain bullish

Buy above 0.9937. Stop loss at 0.9872. Take profit at 1.0036.
Reason for the trading strategy (technically):
Price is bouncing nicely from our major support at 0.9937 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a further rise above this level to push price up to at least 0.9937 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 6.9% support where we expect a corresponding bounce from.

AUDUSD remain bullish above strong support

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price continues to hover above our buying area. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is rising nicely with good upside potential.

AUDJPY testing our buying area, remain bullish for a bounce

Buy above 86.95. Stop loss at 86.61. Take profit at 87.67.
Reason for the trading strategy (technically):
Price has been whipsawing a lot since yesterday but is starting to form a nice reversal pattern. We look to buy above strong support at 86.95 (Fibonacci extension, Fibonacci retracement, horizontal swing low support, bullish divergence) for a bounce to at least 87.67 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (89,3,1) is seeing bullish divergence vs price signalling that a reversal is impending.

NZDUSD finally dropping nicely, remain bearish

Sell below 0.6968. Stop loss at 0.7043. Take profit at 0.6827.
Reason for the trading strategy (technically):
Price has started to drop really nicely from our selling area and has broken an ascending support-turned-resistance line triggering a change in momentum. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (89,5,3) is dropping nicely from our resistance and has good downside potential.

EURJPY bouncing up perfectly, remain bullish for a further rise

Buy above 132.24. Stop loss at 131.64. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has bounce up perfectly as expected and is on track to our profit target. We look to buy on dips above 132.24 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 133.12 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).
RSI (34) has made a bullish exit of its descending resistance-turned-support line adding further strength to our bullish momentum.

EURUSD reacting off major resistance perfectly, remain bearish

Sell below 1.1679. Stop loss at 1.1736. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price has started to react off major resistance at 1.1679 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect to see a strong reaction off that level to push price down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 99% and we expect a corresponding reaction off this level.

MEX_Exchange · November 14, 2017, 1:21am

Date: November 14, 2017

USDCHF remain bullish as we continue to bounce off support

Buy above 0.9937. Stop loss at 0.9872. Take profit at 1.0036.
Reason for the trading strategy (technically):
We remain bullish as price is bouncing nicely from our major support at 0.9937 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a further rise above this level to push price up to at least 0.9937 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 6.9% support where we expect a corresponding bounce from.

AUDUSD testing major support, remain bullish

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
Price is now testing our major buying support. We remain bullish looking to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is right above our 2.2% major support level.

AUDJPY testing major support, time to buy for a corrective bounce

Buy above 86.58. Stop loss at 86.26. Take profit at 87.21.
Reason for the trading strategy (technically):
Price has dropped strongly and is now testing a major support level at 86.58 (Fibonacci extension, long term Fibonacci retracement, fake horizontal breakout). We look to buy above this level for a corrective bounce to at least 87.21 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bullish divergence).
Stochastic (89,3,1) is seeing strong support above 1.2% and also sees bullish divergence vs price signalling that a bounce is impending.

NZDUSD dropping perfectly, prepare to buy for a corrective bounce

Buy above 0.6882. Stop loss at 0.6973. Take profit at 0.6823.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. Due to the changing elements, we look to buy above 0.6882 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 0.6973 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 0.5% where we expect a bounce from.

EURJPY bouncing up perfectly, remain bullish for a further rise

Buy above 132.24. Stop loss at 131.64. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has continued to bounce up nicely and is on track to our profit target. We look to buy on dips above 132.24 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 133.12 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).
RSI (34) has made a bullish exit of its descending resistance-turned-support line adding further strength to our bullish momentum.

EURUSD testing major resistance, remain bearish

Sell below 1.1679. Stop loss at 1.1736. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price is once again testing major resistance at 1.1679 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect to see a strong reaction off that level to push price down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 99% and we expect a corresponding reaction off this level.

MEX_Exchange · November 15, 2017, 1:31am

Date: November 15, 2017

USDCHF key support broken, confirming strong reversal

Sell below 0.9925. Stop loss at 0.9991. Take profit at 0.9826.
Reason for the trading strategy (technically):
Price has broken a key support level triggering a head and shoulders reversal. We look to sell below 0.9925 resistance (Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9826 support (head and shoulders exit potential, pullback support, Fibonacci extension).
RSI (89) is under a lot of pressure.

AUDUSD testing major support, remain bullish

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730.
Reason for the trading strategy (technically):
AUDUSD continues to test our major support. We remain bullish looking to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is right above our 2.2% major support level.

AUDJPY continues to test major support, remain bullish

Buy above 86.58. Stop loss at 86.26. Take profit at 87.21.
Reason for the trading strategy (technically):
Price continues to whipsaw and continues to be testing our major support level at 86.58 (Fibonacci extension, long term Fibonacci retracement, fake horizontal breakout). We look to buy above this level for a corrective bounce to at least 87.21 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bullish divergence).
Stochastic (89,3,1) is seeing strong support above 1.2% and also sees bullish divergence vs price signalling that a bounce is impending.

NZDUSD look to sell below strong resistance

Sell below 0.6890. Stop loss at 0.6916. Take profit at 0.6824.
Reason for the trading strategy (technically):
Price has dropped strongly from yesterday. Today we look to sell on strength below strong resistance at 0.6890 (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least major support at 0.6824 (Fibonacci extension, horizontal swing low support).
RSI (55) sees pullback resistance below 46% where we expect further downside pressure from.

EURJPY profit target reached perfectly, prepare to sell on strong resistance

Sell below 133.85. Stop loss at 134.18. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We look to sell on major resistance at 133.85 (Horizontal pullback resistance, Fibonacci retracement, Fibonacci extension) for a corrective drop to at least 133.12 support (Fibonacci retracement, horizontal pullback support).
RSI (34) sees strong resistance below 69% where we expect a corresponding drop from.

USDJPY below strong resistance, look to sell on strength

Sell below 133.72. Stop loss at 114.11. Take profit at 112.95.
Reason for the trading strategy (technically):
Price has dropped nicely from our selling area previously We look to sell on strength below 113.72 resistance (Fibonacci retracement, horizontal overlap resistance) for a stronger push down to 112.95 support (Fibonacci extension, horizontal swing low support). Only a break of our ascending channel would confirm stronger downside acceleration towards our profit target.
RSI (34) has seen a bearish breakout signalling that price might be breaking out of its ascending channel support too.

MEX_Exchange · November 16, 2017, 2:09am

Date: November 16, 2017

USDCHF dropping really nicely from selling area, remain bearish

Sell below 0.9925. Stop loss at 0.9991. Take profit at 0.9826.
Reason for the trading strategy (technically):
Price has continued to drop really nicely after breaking our key support area. We look to remain bearish and sell on strength below 0.9925 resistance (Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9826 support (head and shoulders exit potential, pullback support, Fibonacci extension).
RSI (89) is under a lot of downside pressure.

EURUSD right below major resistance, remain bearish

Sell below 1.1879. Stop loss at 1.2015. Take profit at 1.1673.
Reason for the trading strategy (technically):
We’re seeing major resistance below 1.1879 (Fibonacci retracement, horizontal overlap resistance) and we expect to see price make a strong push down from this level towards 1.1673 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 inch lower and we’re starting to see 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):
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 profit target reached once again, prepare to buy

Buy above 132.63. Stop loss at 131.87. Take profit at 133.74.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target. We prepare to buy on major support at 132.63 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) 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.

USDJPY dropping beautifully as expected, remain bearish for a further drop

Sell below 133.09. Stop loss at 113.52. Take profit at 112.33.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target. We now look to sell below 113.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 112.33 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (34) remains under major descending resistance.

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.