CADJPY facing bearish pressure below graphical overlap resistance and 38.20% Fibonacci retracement at 87.543. With technical indicators showing room for further bearish momentum, a drop towards our take profit and Fibonacci confluence zone at 86.669 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party...
Possible trend shift in USDCAD – going long
The Tidal Shift Strategy has just bought USDCAD at 1.25862. The system recommends entering this trade at any price between 1.25671 and 1.26053. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.48095, which suggests that...
Extreme trader sentiment points to possible GBPJPY downtrend
The Trend Follower Strategy has just sold GBPJPY at 151.873. The system recommends entering this trade at any price between 151.628 and 152.118. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.552. This suggests that the GBPJPY could be trending downwards.The 14-period...
1 Sector to Surge with 3D Printing
Invest in 3D Printing Medical Miracles Currently, there are a few companies making huge strides in the medical sector.
Bank It or Tank It: Three Major Stock Breakouts to Watch
But first, I want to look back at some of my previous Bank It calls, and see how they got where they are today… 3 “Bank It” Breakouts, 3 Opportunities to Profit Peloton (NASDAQ: PTON) was a popular stock for my video series.
Macro Dragon Reflections: Is it enough of the Hammer & Dance Strategy & time to just step through the imperfect Covid-Gateway?
Latest Macro Dragon Reflections, airs the eventual pathway that all countries need to take on, in the perpetual campaign against Covid-19. Perhaps it is time for a final end of the Hammer & Dance Strategy, & just step through the imperfect Covid-Gateway. We need to start to take the 2nd,...
Market Quick Take – July 15, 2021
Yesterday saw an uninspiring session in US equities, with the major averages closing lower on the day while small cap and value stocks were quite weak, perhaps in part on falling yields at the long end of the US yield curve. Those lower yields inspired fresh yen strength and a...
FX Update: Trading the central bank normalization theme.
The RBNZ is the latest central bank to remove policy accommodation among G10 currencies, with the Bank of Canada having led the charge in April and likely set to taper purchases again at its meeting later today. Today we look at some hopefully uncorrelated trades for the coming months as...
Podcast: US CPI shocker – is it enough to shift the narrative?
Today we look at a fresh and unexpected spike back higher in the US June CPI numbers and whether this data is sufficient to shift the narrative on inflation. So far, the reaction is modest compared to the scale of the reaction. Elsewhere, we run through the theme of central...
Market Quick Take – July 14 2021
A choppy session in the US yesterday after a surprisingly hot June CPI report roiled markets and actually inspired tech and growth stocks to new highs as US long yields initially dropped before a weak US T-bond auction reversed that development and dented confidence. Today, US Fed Chair Powell is...