Price has broken the daily ascending trendline support turn resistance, and price is seen to be holding below it showing a bearish momentum. Price is expected to retest the trendline at sell entry level in line with 23.6% Fibonacci retracement and horizontal support turn resistance. Our bearish bias is furhter...
GBPNZD reacting above pivot, potential for bounce
Price is reacting above our pivot level at 1.93673 which is in line with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension . Price could potentially swing towards resistance at 1.95150 which coincides with 23.6% Fibonacci retracement level and 61.8% Fibonacci extension level. RSI is also at horizontal support level...
AUDUSD is at pivot, potential for bounce | 6 Sept
Price is approaching pivot level at 0.74243 which is in line with 38.2% Fibonacci retracement level. Price may potentially bounces to resistance at 0.75850 which is in-line with -27.2% Fibonacci retracement and -61.8% Fibonacci extension level. Alternatively, price may drop to support at 0.73272 which is in line with 38.2%...
EURUSD approaching pivot, potential for a bounce
Price is approaching pivot level at 1.18520 which is in line with 23.6% Fibonacci retracement level , 61.8 Fibonacci extension and ascending trendline support. Price may potentially bounces to resistance at 1.19540 which is in-line with -27.2% Fibonacci retracement and 200% Fibonacci extension level. Alternatively, price may drop to support...
Possible trend shift in USDJPY – going short
Signal ID: 77481 Time Issued: Friday, 03 September 2021 15:00:15 GMT Status: open Entry: 109.544 - 109.748 Limit: N/A Stop Loss: 110.056 The Tidal Shift Strategy has just sold USDJPY at 109.646. The system recommends entering this trade at any price between 109.544 and 109.748. The signal was issued because...
Extreme trader sentiment points to possible GBPUSD uptrend
HMC_Trader Extreme trader sentiment points to possible GBPUSD uptrend LONG British Pound / U.S. Dollar (FOREXCOM:GBPUSD) 1.38395 −0.00326 −0.24% HMC_Trader 4 hours ago Trend Analysis Chart Patterns GBPUSD GBP USD Signal ID: 77484 Time Issued: Friday, 03 September 2021 18:00:15 GMT Status: open Entry: 1.38728 - 1.39054 Limit: N/A Stop...
AUDJPY bullish momentum | 6th Sep 2021
Price is holding above the 50 period MA signifying a bullish momentum, price is expected to move up towards the take profit level in line with the 76.4% FIbonacci retracement and horizontal swing high. Our bullish bias is further supported by the inverse head and shoulders pattern and price holding...
Japan flying high. Supply chain risks multiplying.
Today we look at the extension of the powerful boost to Japanese equities overnight after the announcement late last week that PM Suga intends to resign. We also discuss US treasury yields as a risk to this extremely risk-on market as a trio of important treasury auctions are set for...
Market Quick Take – September 6, 2021
The week is off to a strong start in Asia, as Japan added to huge gains on Friday on the news of the resignation of Prime Minister Suga ahead of upcoming elections, while Chinese mainland shares are attempting to rally above the recent range after reassuring words on support for...
Macro Dragon WK #37: Mixed Jobs likely leave Gold overbought, the USD oversold & real-yields with upside. Its now really all about the US $3.5T infrastructure bill that is being kicked around in Congress
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...