Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension . If prices push down, prices might take support from horizontal...

The XAUUSD dropped markedly yesterday as yields adjusted on the initial jobless claims and ADP beats. This is an interesting and potentially telling reaction. The yield adjustment likely came as inflation expectations were altered by the market. We also refer to the USDOLLAR which appreciated as the US10Y adjusted. It...

Prices are facing bearish pressure from horizontal pullback resistance in line with 100% Fibonacci extension and 50% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 50% Fibonacci extension . If prices continue to push up, prices might face resistance from horziontal swing high...

The Congestion Opportunities Strategy has just bought AUDUSD at 0.76505. The system recommends entering this trade at any price between 0.76384 and 0.76626. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDUSD may be overbought, while the Speculative Sentiment Index reading of -1.1263 indicates that...

The Congestion Opportunities Strategy has just sold USDJPY at 110.277. The system recommends entering this trade at any price between 110.168 and 110.386. The signal was issued because the 28-hour Relative Strength Index indicates that the USDJPY may be oversold, while the Speculative Sentiment Index reading of 1.014 indicates that...

JPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit...

USDCAD is facing bullish pressure above Fibonacci confluence zone where we find 50% and 61.8% Fibonacci retracement and a small graphical overlap support. A short term bounce above our buy entry at 1.20418 towards our take profit at 1.20808 could be likely. Our take profit also falls in line with...

EURNZD is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support. We could potentially see a bounce at 61.8% Fibonacci retracement and 61.8% FIbonacci extension , and a further rise up to test 1st Resistance, in line with 100% Fibonacci extension and horizontal...

ZDCAD is approaching Sell Entry level, in line with 38.2% Fibonacci retracement , 78.6% Fibonacci extension and horizontal pullback resistance, where we could see a reversal and further downside towards 1st Support, in line with 78.6% Fibonacci extension , 88% Fibonacci retracement and horizontal pullback support. Price is also holding...