AUDUSD facing bullish pressure. With technical indicators showing room for further bullish momentum, a further push up above our entry at 0.72438 towards our take profit at 0.73234 and graphical overlap resistance could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on...
EURJPY potential bullish momentum | 26th Aug 2021
Price has broken the descending trendline resistance for both the H4 and the weekly chart, this signifies a bullish momentum Price is expected to be moving towards the take profit level in line with the 127.2% Fibonacci extension level. Our bullish bias is further supported by the MACD reacting above...
AUDJPY facing bearish pressure |26th Aug 2021
Price is seen to be holding below the descending trendline resistance, this signifies a bearish momentum on AUDJPY .(On the weekly chart, the price is still holding within the descending channel .) Price is expected to move towards the take profit level in line with 38.2% Fibonacci retracement level, 78.6%...
EURAUD is reacting above pivot, potential for further upside
Price is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where...
NZDUSD is at pivot, potential for a drop
Price is reacting at our pivot level at 0.69630 which is in line with 61.8% Fibonacci retracement level, 161.8% Fibonacci extension level and 200MA. Price could potentially drop to support at 0.68940 which coincides with 50% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level...
XAUUSD broke down from ascending trendline, potential for drop
Price broke ascending trendline at our pivot level at 1,788.18 which is in line with 23.6% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially drop towards support at 1,764.03 which is in-line with 50% Fibonacci retracement level and 200% Fibonacci extension level. MACD is also indicating bearish...
Sector-picking the Chinese market. Yields on the move ahead of JH
Today we look at sovereign yields suddenly on the move again ahead of Fed Chair Powell's speech tomorrow, particularly in Europe yesterday in the wake of ECB comments on the potential for improved forecasts at their upcoming meetings. We also look at Chinese equities and focus on where the safer...
Market Quick Take – August 26, 2021
Yesterday saw German bund and EU sovereign yields suddenly lurching higher, in part in sympathy with a move higher in US treasuries ahead of a speech tomorrow from US Federal Reserve Chair Powell. The US equity session was quiet, even as new all-time highs were posted before sentiment rolled over...
Prepare for higher German bond yields
The significant drop in Bund yields in summer was provoked by dropping yields in the US and the ECB strategy review, which saw the central bank adopting a symmetric 2% inflation target. Nevertheless, a dovish ECB will not be enough to keep Bund yields in check. We remain supportive of...
Is it time to buy Chinese technology stocks?
The question we get the most from clients right now is whether it is time to buy Chinese technology stocks. We try in this note to help investors by going through the key factors to consider.In client conversations and follow-up questions to our presentations the single most asked question relates...