EURJPY appears overbought

The Congestion Opportunities Strategy has just bought EURJPY at 130.862. The system recommends entering this trade at any price between 130.714 and 131.01. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of -1.071 indicates that...

GBPJPY appears overbought

The Congestion Opportunities Strategy has just bought GBPJPY at 152.549. The system recommends entering this trade at any price between 152.36 and 152.738. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of 1.246 indicates that...

EURAUD potential for bounce| 18th June 2021

EURAUD is currently at our buy entry level which is in line with horizontal pullback support in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards -27.2% Fibonacci retracement and 127.2% Fibonacci retracement Fibonacci confluence zone. If prices push past buy entry, prices might take...

CADCHF facing bullish pressure|18th June 2021

CADCHF facing bullish pressure from ascending trendline support, horizontal swing low support in line with 100% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low...

Market Quick Take – June 18, 2021

Equities leaped back higher yesterday as long US treasuries likewise rallied hard on a powerful flattening of the US yield curve, as the market continued to bring forward the timing of the first Fed rate hike after the FOMC meeting jolted those expectations. Elsewhere, the USD remains firm, but a...