The US equity market staged a partial recovery yesterday, but only after a steep extension of the recent sell-off, as futures trade this morning near the same level they closed on Wednesday. In FX, the US dollar remains pinned near the top of its recent move, as EURUSD trades below...
This Graph Is Your Ticket to Knowing a Sector’s Next Move
The next sector I’m targeting for a bearish trade is all based on the Relative Rotation Graph (RRG) I showed during our monthly outlook.
Warning brief: market sell-off risks may be at highest since pandemic outbreak.
We are at the end of the post-pandemic policy cycle and this brings with it the potential for a period of significant transitional volatility. This article is an abridged set of points looking at the evidence that the broader market is at risk of rolling over significantly in coming days...
Warning: market setback risk at highest since pandemic outbreak.
From bubble stocks to commodities and now possibly the broader market, post-pandemic market developments have been peaking and rolling over in serial fashion since Q1 of this year. The event that set off the mounting risk of a more severe and broader market correction was the beginning of the Fed...
Warning: market setback risks may be at highest since pandemic outbreak.
From bubble stocks to commodities and now possibly the broader market, post-pandemic market developments have been peaking and rolling over in serial fashion since Q1 of this year. The event that set off the mounting risk of a more severe and broader market correction was the beginning of the Fed...
GBPJPY is approaching key support, potential bounce!
Price is approaching support at 149.471 which in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . It could potentially bounce from support and rise further to resistance at 152.162 in line with our 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Otherwise price may continue to bearish to...
USDCAD facing bearish preasure
Price may bearish below pivot at 1.28075 in line with 100% Fibonacci retracement and 127.2% Fibonacci extension towards take profit at 1.25664 in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . On the other hand, price may bullish towards stop loss at 1.29159 in line with 127.2% Fibonacci...
UKOILSPOT testing pivot, potential for a bounce!
UKOILSPOT is reacting just above the pivot and may bullish from pivot at 66.37 in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension to take profit at 69.75 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, prices may rally down to stop loss at 65.09...
AUDUSD continuation of bearish trend | 19th Aug
Price is holding below the 50 MA indicating possible continuation of the bearish trend . Potential sell entry at 0.71883 in line with the 78.6% Fibonacci extension . Price is expected to ride down towards the take profit level at 0.71329 in line with -27.2% Fibonacci retracement . Our bearish...
USDJPY facing bearish pressure | 19 Aug 2021
Price may retrace from 1st resistance at 110.537 at 78.6% Fibonacci retracement and 61.8% Fibonacci extension to take profit at 109.113 in line with 61.8% Fibonacci extension . Otherwise price may rise to stop loss at 111.255 in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Any opinions,...