Price has recently broken out of our bullish trendline and is at a Pivot . We see the potential for a trend reversal from our 1st support at 83.502 in line with 38.2% Fibonacci retracement , 161.8% Fibonacci extension , and graphical overlap towards our 1st resistance at 84.564 in...
GBPJPY potential for bounce | 15th Nov
Price is trading in a descending trendline and is near the buy entry price of 152.481 which is also 127.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit level of 154.756 which is also 38.2% Fibonacci retracement . Our bullish bias is supported...
USDJPY bearish momentum | 15th Nov 2021
Price is abiding to the daily descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement towards the take profit level in line with 61.8% FIbonacci retracement and 61.8% Fibonacci projection . Our bearish bias is further supported...
CHFJPY bearish momentum | 15th Nov 2021
Price is abiding to descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 61.8% projection. Our bearish bias is further supported by the price holding below...
GBPUSD potential for short bounce | 15th Nov
Price is trading in a descending trendline and near the buy entry price of 1.33542 which is also 127.2% Fibonacci retracement and 100% Fibonacci projection . Price can potentially go the take profit level of 1.36911 which is 78.6% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is...
Lower real rates support TINA narrative for stocks
Today we look at how the US equity market finished on a strong note despite the hot US CPI print last week bringing Fed rate hike expectations forward and the latest US sentiment survey suggesting that consumer sentiment is in the dumps. We also look at the earnings highlights for...
Market Quick Take – November 15, 2021
Markets closed on a hopeful note last week in the US, despite the hottest inflation data for the for the cycle last week and a preliminary US November University of Michigan sentiment survey showing sentiment at its worst for the cycle. This week kicks off with a Xi-Biden summit as...
Uber, Lyft and DoorDash: Sell These “Dead Men Walking” Stocks
Investors in companies like Uber, Lyft and DoorDash have been victims of a “bezzle.”
How the Profit Radar Spots Big Stock Moves Early
I instantly understood that RRG was a complex visualization of relative strength.But as I am a big fan of Occam’s Razor, I didn’t give the RRG the time it deserved to fully understand it.My colleague Chad Shoop, however, very much did… Chad’s Unconventional Approach to the RRG You might know...
WCU: Inflation and US oil intervention risk take center stage
The Bloomberg Commodity Index traded lower for a fourth consecutive week with loses across the energy sector more than offsetting gains across metals and agriculture. A week where the sector had to deal with the hottest US inflation print in three decades, the US government mulling ways to bring down...