Day: June 24, 2021

In this latest edition of Macro Reflections, KVP revisits his long contrarian bullish play on Brazil from late 2020, early 2021. This was a miss on the currency, yet a hit on the equities. We tune back in to an accelerating Hawkish Brazilian central bank in the BCB, that just...

Today we are launching our 16th equity theme basket focusing on the cyber security industry which has the key feature of both being a growth and a defensive equity theme.This year we have been rolling out 15 new equity theme baskets and today we are launching our 16th equity basket...

The Bank of England meeting unfolded largely as expected, with no commitment to the change in the asset purchase target save for a dissenting voice from the outgoing Chief Economist Haldane. Elsewhere, we look at whether JPY crosses have peaked and are rolling over again and continue to observe the...

The Breakout Opportunities system has just bought AUDJPY at 84.111. The system recommends entering this trade at any price between 83.851 and 84.256. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.395, suggesting that the AUDJPY may have further...

NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 61.8% Fibonacci retracement and 100% Fibonacci extension, towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal...

Prices are approaching support level in line with horizontal overlap support, 61.8% Fibonacci retracement, and 127.2% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices continue to push up, the next target might be horizontal swing high resistance in line...

GBPUSD testing and reacting above 61.8% Fibonacci retracement level and key graphical overlap support at 1.39493. A further push up above our entry towards graphical swing high and long-term 61.8% Fibonacci retracement level at 1.40088 could be possible. Price is holding above moving average support and we also see that...

EURUSD drifted lower and is coming close to our entry where we have 50% Fibonacci retracement and also graphical overlap support at 1.19082. A short-term bounce towards our take profit at 1.20048 and Fibonacci confluence zone could be possible. Stochastic is also testing support where price bounced in the past...

USDCHF is showing a bullish breakout from the descending trendline resistance-turned-support, and Stochastics is also showing a possible bullish divergence with price. We could see further upside above Pivot, in line with 50% Fibonacci retracement and 127.2% Fibonacci extension, towards Take Profit level, in line with 76.4% Fibonacci retracement and...

NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 61.8% Fibonacci retracement and 100% Fibonacci extension, towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal...