Then that morning, I rushed to review the report and find a trading opportunity to share with you… As I analyzed the market’s reaction to the report, one trading strategy for the day jumped out.
The cannabis industry is maturing and ready for more growth
Today we are launching our 18th equity theme basket focusing on the still emerging cannabis industry which holds a great potential but still has to overcome some key barriers on legalization and scientific proof medical benefits.Today we are launching our 18th equity theme basket, and this will be the final...
Podcast: A strange week in financial markets smelling of summer noise
Yesterday finally saw a proper risk-off across all asset classes but it did reverse later during the US session spilling over today with USDJPY, US 10-year yields, commodities and equities higher. This week has smelled of technical selloff and repositioning on the reflation trades, so we recommend investors to put...
NZDUSD facing bearish pressure|9th July 2021
Prices are facing bearish pressure and is facing resistance from horizontal pullback resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards 161.8% Fibonacci extension Fibonacci confluence . If prices continue to push up, prices might face resistance from horizontal pullback resistance in...
GBPAUD facing bullish pressure | 9th July 2021
GBPAUD is facing bullish pressure as it continues to hold above the moving average and ascending trendline supports. We could see a bounce at Buy Entry, in line with 61.8% Fibonacci retracement , 100% Fibonacci extension , moving average support and horizontal pullback support, and further upside towards Take Profit,...
Possible trend shift in EURUSD – going long
The Tidal Shift Strategy has just bought EURUSD at 1.18521. The system recommends entering this trade at any price between 1.18384 and 1.18658. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.39479, which suggests that...
Breakout Identified in AUDUSD
The Breakout Opportunities system has just sold AUDUSD at 0.74157. The system recommends entering this trade at any price between 0.74015 and 0.74289. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.23023, suggesting that the AUDUSD may have further...
USDCAD Facing bullish pressure | 9 July 2021
USDCAD currently on a uptrend. A further push up above 38.2% Fibonacci retracement at 1.25176 towards long term graphical swing high at 1.26348 could be possible. At our take profit, we also have a strong Fibonacci confluence zone where 161.8% Fibonacci extension and -27.20% Fibonacci retracement levels are lining up....
Market Quick Take – July 9 2021
Asian and U.S. stocks traded lower overnight, thereby extending Thursday's losses on growing concerns that the spread of Covid-19 variants could hamper the global economic recovery. Treasuries traded lower ahead of auctions next week, but yields are still on course for one of the biggest weekly slides in a year....
Bank It or Tank It: Is This an American EV Powerhouse in the Making?
Even as consumers have rushed to buy new vehicles with low financing rates and high trade-in values, Ford has largely missed out due to these inventory problems.