EURUSD approaching support, potential for bounce|8th July 2021

EURUSD is approaching horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci 61.8%extension. If prices continue to push downwards, prices might bounce from 161.8% Fibonacci retracement and...

GBPUSD bouncing from support | 8th July 2021

GBPUSD is bouncing from Buy Entry, in line with 78.6% Fibonacci retracement , 61.8% Fibonacci extension and horizontal overlap support. We could see further upside from here towards Take Profit level, in line with 100% Fibonacci extension and horizontal swing high resistance. RSI is also approaching ascending trendline support. Any...

Breakout Identified in AUDJPY

The Breakout Opportunities system has just sold AUDJPY at 82.468. The system recommends entering this trade at any price between 82.324 and 82.685. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.228, suggesting that the AUDJPY may have further...

Market Quick Take – July 8 2021

U.S. stocks trade softer after seeing both the S&P 500 and Nasdaq 100 close at all-time highs yesterday after the FOMC minutes showed policymakers continued to see elevated uncertainty while also discussing the tapering of debt purchases used as fuel to stimulate the economy. The dollar trades mixed while Ten-year...

Market Quick Take – July 7 2021

Asian stocks traded mixed overnight after the S&P 500 failed to reach another closing record high while Amazon pushed the Nasdaq higher. Treasuries holding onto yesterday's advance which saw yields drop to February lows on concerns about the strength of the economic recovery, fast spreading virus variants and China's scrutiny...