Prices are reacting below the resistance level of 110.017, in line with descending trendline resistance, 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Prices are expected to reverse off this level and take support at 109.064, in line with horizontal swing low support and 78.6% Fibonacci extension. Alternatively, if prices break...
EURAUD facing bullish pressure | 21th July 2021
EURAUD approaches resistance at 1.61218, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to surpass this level and increase towards take profit, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension. Alternatively, prices may reverse off and take support at stop loss, in line...
EURUSD H4 in descending wedge, potential for bounce
Price is currently in descending wedge where we expect the price to swing towards descending trendline resistance at 1.18044. Both RSI and MACD indicate negative divergence where bearish price action could be limited and a potential bounce could occur. If the price continues to drop, it would swing towards support...
Why Volatility Is a Product Of Dim-Witted Institutional Investors
The formula for the VIX determines expected volatility by looking at the prices of options on SP 500 futures.
NZDUSD Takes Breather But Pressure on Hourly Remains
NZDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic...
AUDUSD Takes Breather But Pressure on Hourly Remains
AUDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that...
Unusual Options Activity: Traders Are Banking $2.5 Million on These 4 Stocks
Scanning for unusual options activity (UOA) gives us great insight into how traders view the market… Last week, for example, traders were going big on beaten-down stocks.
Possible trend shift in USDCAD – going long
USDCAD is showing bullish pressure as price is above a Fibonacci confluence and also moving average at 1.26937, we may see price push further up towards the Take profit level at 1.28008. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are...
Breakout Identified in AUDJPY
The Breakout Opportunities system has just sold AUDJPY at 81.294. The system recommends entering this trade at any price between 81.152 and 81.452. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.517, suggesting that the AUDJPY may have further...
USDCHF Facing bullish pressure | 19 July 2021
USDCHF pushed higher. With technical indicators showing room for further bullish upside, a further push up above 23.6% Fibonacci retracement at 0.91840 towards graphical swing high resistance and -61.8% Fibonacci retracement at 0.92678 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained...