US equity markets rebounded yesterday as investors were unimpressed with another high CPI inflation print for September and saw little to fret in the FOMC minutes from the late September meeting, which suggest a start to taper in mid-November or December. A strong US T-bond auction helped take long US...
Crypto Claptrap: A Trading Plan for Bitcoin Season
It’s that time again… Chris and I are releasing our second episode of Crypto Claptrap, our monthly conversation on all things crypto, including our predictions on where things are headed next.
EURCHF is on a bearish momentum! | 13 Oct 2021
Price is consolidating in a bearish channel . We spot a potential entry at 1.07509 in line with 23.6% Fibonacci retracement , 100% Fibonacci Projection and parallel channel towards our Take Profit at 1.06998 which is a graphical swing low. Technical indicators are showing bearish momentum. Any opinions, news, research,...
GBPJPY on pivot potential for dip | 13th Oct
Price is trading in an ascending channel . It is reacting from our sell entry level of 154.834 and can potentially dip to our take profit level of 153.285 which is also our Fibonacci retracement level of 38.2% and 50% Fibonacci projection . Our stop loss is placed at 155.135...
GBPAUD is on a bearish momentum! | 13 Oct 2021
Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions,...
AUDUSD further downside | 13th Oct
Price is currently trading in an ascending channel , at our Fibonacci retracement level of 23.6% and 78.6% Fibonacci projection level. If price were to break that level , it can potentially dip to the take profit level of 0.72891 which is also 38.2% retracement level and 127.2% projection level....
USDCHF is consolidating in a triangle, potential for breakout!
Price has been consolidating in a triangle. We see a potential entry at 0.92759 in line with 23.6% Fibonacci retracement , 61.8% Fibonacci extension, and graphical overlap towards our Take Profit at 0.93123 in line with 61.8% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research,...
CADCHF potential short term bearish momentum | 13th Oct 2021
Price is at the descending trendline resistance, hence, we can expect price to drop from the pivot level in line with the 127.2% Fibonacci Projection and push all the way down to the take profit level in line with the ascending trendline support, 50% Fibonacci retracement and 100% Fibonacci Projection...
NZDJPY potential for short pullback! | 13th Oct 2021
NZDJPY is on a bullish momentum. We see the potential for a short pullback and an entry at 79.052 in line with 161.8% Fibonacci extension and 50% Fibonacci retracement towards our take profit at 78.169 in line with 38.2% Fibonacci retracement and ascending trendline support. Stochastics is at a level...
FX Update: EU Green Bonds, US CPI and FOMC minutes.
EURUSD is trying to put together a modest rally today as the success of the EU green bonds suggests a strong bid for safe, liquid European assets. An improvement in risk sentiment in the background has also helped the US dollar lower across the board, ahead of the next bits...