Price is currently changing in a descending trendline and is near its sell entry position at 0.68966. If price were to break the first support of 0.68966 it can potentially goes to its take profit area of 0.68183. Our bearish bias is supported by 20EMA as price is currently trading...
Possible trend shift in GBPJPY – going long | 6th Oct
Signal ID: 77778 Time Issued: Wednesday, 06 October 2021 05:48:15 GMT Status: open Entry: 111.583 - 111.87 Limit: 112.220 Stop Loss: 111.072 The Breakout Opportunities system has just bought USDJPY at 111.753. The system recommends entering this trade at any price between 111.583 and 111.87. The signal was issued because...
USDJPY is on bullish pressure! | 6 Oct 2021
Price is holding above our ascending trendline and has the potential experience a bounce at our target entry at 111.437 in line with 38.2% Fibonacci retracement and bullish trendline to our Take Profit 112.061 which is our graphical swing high. Technical indicators are showing bullish momentum. Alternatively, our stop loss...
GBPUSD is approaching pivot, potential for bounce | 6th Oct
On the h4 chart , price has recently broken out from the descending trendline and is currently testing the price entry. If price were to break the 50% Fibonacci retracement level and 78.6% Fibonacci projection level, it can potentially go up to its take profit level of 0.93295 which is...
AUDJPY bearish drop | 6th Oct 2021
Price is see to be holding in a potential triangle pattern , we can expect price to fall from the descending trendline resistance. We can expect price to drop from pivot in line with 78.6% Fibonacci Retracement and 61.8% Fibonacci projection towards the take profit level in line with 50%...
USDCHF is on a bullish momentum! | 6 Oct 2021
USDCHF has been consolidating in a parallel bullish channel . We spot a potential entry at our pivot at 0.92788 given a pullback in line with 23.6% Fibonacci retracement and graphical overlap towards our Take Profit at 0.93563 in line with our parallel channel and 78.6 Fibonacci retracement . Alternatively,...
XAUUSD is at pivot, potential for bounce!
Price has recently break out of the descending trendline and is currently retesting it. Our buy entry position is placed at 50% Fibonacci retracement as price can potentially do a short bounce to its take profit level of 1764.977. Our stop loss is placed at our support level which is...
EURUSD bearish momentum |6th Oct 2021
Price is holding below the descending trendline resistance, signifying a bearish momentum. We can expect the price to push down from the pivot level in line with 61.8% Fibonacci retracement towards the take profit level in line with the daily overlap support, 61.8% Fibonacci projection and 161.8% Fibonacci extension ....
150 Months seem to be the limit for Bull Markets
Bull markets seem to have a life span of 150 months. That amount of months have now been reached. We could be in for a larger correction coming in to the "Jinx" monthIn 1987 the Financial world was hit with a major crash in Equities. Starting in September within two...
A pressure cooker of rising energy prices, rising USD and rising yields.
Today we look at the ongoing energy crisis, which is spreading more aggressively into oil prices now, scratch our heads at yesterday's attempt to piece together a rally in equities and then the negative sentiment shift overnight and into this morning, with no relief in sight as the USD pulls...