Tag: Business

AUDUSD is in the bearish area on the daily chart on the left. However, we note that the RSI is below 20 and oversold, which may lead to a normalisation of the oscillator reading. In this regard, the hourly chart on the right shows the stochastic in bullish mode and the EMAs attempting to...

EURCAD reacted off graphical swing low support. Technical indicators are also showing room for further bullish momentum. Price is now above moving average and MACD looks ready to cross over the 0 line signaling a buildup of bullish pressure. A short-term intraday push above 1.47308 towards Fibonacci confluence zone and...

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...

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 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 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...