Price is on bearish trend and is currently hovering at our pivot at 1.18023, 76.4-78.60% Fibonacci extension . We foresee a potential dip towards our area of take profit at 1.17361, 127.2% Fibonacci extension . Price has recently been transcending within Ichimoku Clouds and broke through, which forecasts the trend...
XAUUSD facing bearish pressure | 13th Sep 2021
XAUUSD is holding below the 50period MA showing a potential bearish momentum. Price is expected to push down from the pivot level in line with 23.6% Fiboonacci retracement, towards the take profit level in line with 61.8% Fibonacci retracement and 61.8% Fibonaaci extension. Our bearish bias is also further supported...
USDJPY short burst of bullish momentum | 13th Sep 2021
Price is seen to be moving in the ascending channel . We are expecting price to have a short term bullish momentum towards the top trendline of the ascending channel . Price is expected to rally upwards from pivot level ( in line with the 50% Fibonacci retracement and 61.8%...
Market Quick Take – September 13, 2021
Risk sentiment closed last week on a sour note, with US equities broadly lower. The action this week is off to a slow start as Chinese regulators made new moves impacting major platform companies there, while a typhoon looks set to disrupt major Chinese ports. US data focus this week...
Macro Dragon WK #38: US Inflation, US Infra Bill Discussions & US Debt Ceiling are key for the pre-FOMC wk ahead
Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
Pick the Next America 2.0 Mega Trends
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WCU: Industrial metals take charge. NatGas shortage concerns grow
The Bloomberg Commodity index traded close to flat on the week but still not far from levels last seen more than ten years ago. The engine keeping the index elevated has increasingly been shifting to energy and industrial metals at the expense of struggling precious metals and lower crop prices....
FX Update: Sentiment boost on retreating yields, Xi-Biden phone call.
The euro is flattish after an indifferent ECB that unfolded largely as expected, while the US dollar has rolled over the weak side overnight and into this morning on falling Treasury yields and the risk sentiment boost from a long phone call between Presidents Xi and Biden. Today the focus...
Possible trend shift in NZDUSD – going short
Signal ID: 77512 Time Issued: Thursday, 09 September 2021 09:00:16 GMT Status: open Entry: 0.70971 - 0.71237 Limit: N/A Stop Loss: 0.71637 The Tidal Shift Strategy has just sold NZDUSD at 0.71104. The system recommends entering this trade at any price between 0.70971 and 0.71237. The signal was issued because...
Breakout Identified in EURJPY
Signal ID: 77525 Time Issued: Friday, 10 September 2021 07:17:15 GMT Status: open Entry: 130.013 - 130.266 Limit: 130.681 Stop Loss: 129.669 The Breakout Opportunities system has just bought EURJPY at 130.127. The system recommends entering this trade at any price between 130.013 and 130.266. The signal was issued because...