Price is currently trading in a descending trend line . and is currently at price level 1.610. Price can potentially dip to the take profit level of 1.1573 which is in line with our Fibonacci extension level of 50% and Fibonacci retracement level of 78.6%. Our bearish bias is further...

Price is holding below a descending trendline , signifying a bearish momentum. We can expect price to move further down from the pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 78.6% Fibonacci projection . Our bearish bias is further supported by the...

Price is currently trading in a descending trend line . We see a potential sell entry at 0.91854 which is in line with our Fibonacci Retracement level of 50%. Price can potentially head towards its take profit level of 0.9134 which is in line with our Fibonacci extension level of...

Price is consolidating in a descending channel . We foresee a potential entry at 0.72222 in line with 61.8% Fibonacci retracement and a pullback towards our area of take profit at 0.71707 in line with 88% Fibonacci retracement . Technical indicators are showing bearish momentum. Alternatively, our stop loss will...

Price is consolidating in an ascending channel . We foresee a potential bounce from our target entry at 77.41 in line with 38.2% Fibonacci retracement and graphical swing high. Price have the potential to climb towards our area of take profit at 80.00 in line with parallel channel , and...

Price level is currently trading in a symmetrical triangle. Price has just reacted from the resistance of the symmetrical triangle of 1764.92 which is line with the Fibonacci retracement level of of 61.8% and Fibonacci extension level of 38.2% and can potentially head to its support level of 1724.953 which...

Price is currently holding below the descending trendline resistance, however we are expecting a small bounce back to the resistance level if the price is unable to break past the graphical overlap support on the weekly. We can expect price to bounce up from the pivot level in line with...

A deepening funk in equities, combined with a fizzle in bond yields after their recent rise, is seeing the JPY edging out the US dollar as the safe haven of choice as risk deleveraging has continued overnight. This can continue for a time but only as long as longer yields...

Today we look at US equity market that has gone over the edge technically and what could come next, given that we have crossed into a volatility event horizon that seems to almost guarantee either a further and accelerating swoon or an almost equally volatile market bounce. We also look...

Equities sold off hard yesterday late in the US session and were weaker still overnight, closing below their 100-day moving average and at the lowest level in more than two months. In Asia overnight, Chinese markets were closed, while other markets showed signs of contagion from the US, with the...