Prices are currently hovering around pivot level in line with horizontal swing low support, 78.6% Fibonacci retracement, and 161.8% Fibonacci extension. If prices breaks through pivot, prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension. If prices reverse from the pivot, prices might take...
Possible trend shift in EURCHF – going long
The Tidal Shift Strategy has just bought EURCHF at 1.09047. The system recommends entering this trade at any price between 1.08978 and 1.09116. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.38719, which suggests that...
NZDCHF Facing Bearish Pressure | 15 June 2021
NZDCHF holding below long-term descending trendline resistance. A short-term drop below our entry at 0.64396 and also Fibonacci confluence zone towards graphical swing low level at 0.63979 could be possible. Stochastic is testing resistance as well where the price dropped in the past. Any opinions, news, research, analyses, prices, other...
AUDNZD bearish breakout | 15th June 2021
AUDNZD has seen a bearish breakout below the ascending trendline support-turned-resistance and is now holding below the moving average resistance. We could see price reverse at Sell Entry, in line with 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension, and horizontal pullback resistance, and drop further towards Take profit, in line...
NZDUSD facing bearish pressure | 15th June 2021
NZDUSD is holding below the descending trendline resistance, and RSI is also approaching the upper resistance where it has reversed from before, indicating possible bearish pressure. We could see a reversal and further downside below Sell Entry, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension, and horizontal pullback resistance,...
USDSGD Facing Bullish Pressure | 15th June 2021
USDSGD currently facing bullish pressure above 38.2% Fibonacci retracement level and entry at 1.32533. With price holding above moving average, a short-term intraday push higher towards graphical swing high resistance and 61.8% Fibonacci extension level at 1.32773 could be possible. Any opinions, news, research, analyses, prices, other information, or links...
Podcast: Stocks and treasuries diverge ahead of FOMC
An interesting day yesterday that was out of synch with recent market behavior as US treasuries sold off sharply while tech and green transformation stocks rallied quite strongly on the day, posting new highs for the Nasdaq 100 and S&P 500 indices and suggesting little fear that the Fed is...
Market Quick Take – June 15, 2021
The major US equity indices surged to a new record level yesterday, with the Nasdaq 100 finally making a full comeback from the May sell-off. The strength in equities suggests a low level of fear that the Fed will come out with hawkish guidance at the FOMC meeting tomorrow. US...
Fixed income market: the week ahead
This week's FOMC meeting will be an important focus for all assets. Although we expect the central bank to keep monetary policy unchanged, a rise in dot plot projections may signal hawkishness. It could provoke a fast surge of 10-year US Treasury yields back above 1.50%. Yet, there is potential...
FX Update: FOMC to spark a bit of fun or the risk of summer doldrums?
A key week ahead as the Wednesday FOMC meeting could either spark a bit of volatility or set up the risk of the summer doldrums as many want to sit on their hands in avoiding drawing conclusions on the inflation outlook and possibly wait to see what US yields do...