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...
GBPCHF facing bullish pressure | 18th June 2021
GBPCHF is facing bullish pressure as it continues to hold above the ascending trendline and moving average support, in line with our analysis. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 127.2% Fibonacci extension, horizontal swing low support and ascending trendline support, and further...
EURGBP facing bearish pressure | 18th June 2021
EURGBP is facing bearish pressure as it holds below the Ichimoku cloud resistance and Buy Entry area, which is an area of Fibonacci confluence with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal pullback resistance level. We could see further downside below this level towards Take Profit, in line with...
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...
Cryptocurrencies – Innovative disruptor? What’s the end-game?
The crypto space continues to get big exposure and over the last few years it has moved from being an obscure private almost religious cult to being adopted by hedge funds and institutional money. This is an attempt to break down the crypto space into what we see as the...
GBPCAD Facing Bullish Pressure | 18 June 2021
GBPCAD broke out of a sideways range to the upside. With price holding above ascending trendline support, we expect price to face further bullish pressure above 38.2% Fibonacci retracement and entry at 1.71788. With a possible upside target at Fibonacci confluence zone at 1.72936. MACD is above 0, showing room...
Podcast: Consensus macro positions getting poked with a very sharp stick?
Today we note the significant further developments on the back of Wednesday's FOMC meeting, with new twists in the US yield curve after the knee-jerk reaction, a suddenly supercharged JPY and commodities reeling amidst USD strength, all suggesting that major consensus macro trades are in "pain mode" here. A look...
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...