Precious metals continue to struggle with rising bond yields a stronger dollar and bouncing stocks further reducing demand for diversification. While gold earlier in the week showed signs of resisting the latest rise in US Treasury yields, both metals led by silver have struggled to put a defense against the...
FX Update: How high can the USD go after big break?
Yesterday saw a big US dollar move higher as key support gave way in EURUSD and other currencies likewise came under pressure against the big US dollar. This time, the move was its own phenomenon, not requiring sympathetic weakness in risk sentiment or higher yields. The timing is worth noting...
CADJPY bullish momentum | 30th Sep 2021
Price broke the descending trendline resistance (now support) signifying a bullish momentum. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 61.8% Fibonacci Projection . Our bullish bias is further supported by the RSI indicator abiding...
AUDUSD is on a bearish momentum | 30 Sept 2021
Price is on a downward trend, we see a potential of entry at 0.72226 in line with 61.8& Fibonacci extension and graphical swing low. Our target take profit is placed at 0.71678 in line with 161.8% Fibonacci retracement and graphical swing low. Technical indicators are forecasting bearish momentum. Alternatively, our...
AUDJPY show bullish momentum | 29th Sept
Price is currently trading in an ascending trend line at 81.662 which has a Fibonacci extension level of 61.8%. Price can potentially reach the take profit level of 81.328 which is in line with our Fibonacci level of 61.8%. Our bullish bias is further support by the Ichimoku cloud where...
UKOIL is on a bullish momentum | 30 Sept 2021
Price is on facing bullish pressure. We foresee a potential bounce from our pivot entry at 77.55 in line with 23.6% Fibonacci retracement and parallel channel towards our take profit at 79.94 in line with 50.0% Fibonacci retracement and graphical swing high. Alternatively, our stop loss is placed at 76.66...
Possible trend shift in EURCHF – going short |30thSept
Signal ID: 77729 Time Issued: Thursday, 30 September 2021 03:00:16 GMT Status: open Entry: 1.08225 - 1.08421 Limit: N/A Stop Loss: 1.08715 The Tidal Shift Strategy has just sold EURCHF at 1.08323. The system recommends entering this trade at any price between 1.08225 and 1.08421. The signal was issued because...
GBPJPY short-term bullish bounce | 30th Sep 2021
Price is reacting below the descending trendline resistance on the daily timeframe this shows an overall bearish trend , however we can expect a short-term bullish momentum for the price to bounce back to the resistance level . We can expect the price to bounce from the pivot in line...
NZDJPY is on Bullish Momentum | 30thSept
Price is currently trading in a ascending trend line . Price recently touch the support of the ascending tend line which is in line with a Fibonacci Retracement level of 78.6% and Fibonacci extension level of 61.8%. It can potentially move to the take profit level of 78.16 which is...
XAUUSD Bearish Momentum | 30thSept
Price is currently trading is a descending trend line and can potentially reach the resistance of the trend line at price 1743.42 in line with Fibonacci level of 127.2. Price can potentially bounce from the resistance level back to its take profit level of 1721.69 with 78.6% Fibonacci extension level....