USDCAD holding within a triangle formation and is testing triangle resistance. A short term drop below our entry at 1.26929 towards our take profit at 1.26479 could be possible. Stochastics is also testing resistance where price dropped in the past. Any opinions, news, research, analyses, prices, other information, or links...
#GBPUSD is at pivot, potential for bounce
Price is approaching pivot level at 1.37660 which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support. Price is still making higher highs and higher lows and price could potentially bounce to resistance at 1.39110, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension...
High stakes on FOMC week ahead as US yields, USD poke back higher.
Today we look at the wave sent out by the US dollar and US yields poking back higher on a strong US Retail Sales report for August, even if the move was modest and the 10-year benchmark remains rangebound. Also, the latest on freight shipping rates, natural gas, China's Evergrande...
Market Quick Take – September 17, 2021
US equities closed only slightly below the closing level of the previous day after a choppy session, while the Hang Seng index managed to piece together a late rally after testing new 10-month lows overnight. Today sees the expiry of stock-related options and futures in the US. Elsewhere, natural gas...
Evergrande, and why it is important for the Chinese bond market
With Beijing reluctant to intervene with a bailout, the best-case scenario for Evergrande's bond investors is a restructuring of its debt. A liquidation could also be an option, but it would be a much longer process. A default of Evergrande poses a severe threat to the Chinese real estate market...
Why are equities ignoring the signs out of China?
The bottlenecks in the global economy is getting worse and China is facing a housing market under pressure. For how long can equities remain calm?There are many dynamics at play this year in China. The country’s housing market has for years been highlighted as overleveraged and a key risk for...
Market Quick Take – September 16, 2021
Equity sentiment improved in the US yesterday just ahead of key trend support in the S&P 500 Index, while sentiment soured in Asian overnight as Japanese equities finally consolidated notably for the first time after a blistering run higher of late, perhaps in part on the sharp rally in the...
EURUSD is on bearish momentum | 15 Sept 2021
Price is reacting below our pivot at 1.18073 which is in line with 50.0% extension. The price could potentially swing towards area of take profit at 1.17699 which is in line with 100% Fibonacci extension , 0% Fibonacci retracement and graphical swing low. MacD and Ichimoku is showing potential for...
NZDJPY has hit a pivot, potentialbearish momentum | 15 Sept 2021
NZDUSD is reacting below our pivot level at 77.792 which is in line with 23.6% Fibonacci extension level. Price could potentially swing towards support at 76.569 which coincides with 50% Fibonacci retracement level and 61.8% Fibonacci extension level. Price is trascending within the Ichimoku clouds which forecasts downward momentum and...
Possible trend shift in GBPJPY – going short
Signal ID: 77572 Time Issued: Tuesday, 14 September 2021 16:00:17 GMT Status: open Entry: 151.629 - 152.047 Limit: N/A Stop Loss: 152.674 The Tidal Shift Strategy has just sold GBPJPY at 151.838. The system recommends entering this trade at any price between 151.629 and 152.047. The signal was issued because...