Price is currently hovering at our pivot at 1.26677. We foresee price to ascend towards our area of take profit at 1.27556, 127.2% Fibonacci retracement and 88% Fibonacci extension at the upper bands of Bollinger Bands . Price is also reacting above the Ichimoku Clouds , futher supporting our bias....
COT: Broad commodity selling led by metals and agriculture
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, September 7. A week where the S&P 500 showed signs of running out of steam, the dollar traded unchanged after having dipped to a one-month low while Treasury yields rose ahead...
Market stumbles into a new week. Apple in trouble?
Today we look at the ugly sell-off in US equities on Friday and the degree to which fresh anti-trust concerns on Apple are driving the action, the latest initiatives in China against platform companies, the stakes for Norway in today's general election, the oil and industrial metals markets, the week...
Possible trend shift in GBPJPY – going long
Signal ID: 77531 Time Issued: Friday, 10 September 2021 09:00:16 GMT Status: open Entry: 152.324 - 152.69 Limit: N/A Stop Loss: 151.773 The Tidal Shift Strategy has just bought GBPJPY at 152.507. The system recommends entering this trade at any price between 152.324 and 152.69. The signal was issued because...
EURUSD is experiencing Bearish Pressure
Price is on bearish trend and is currently hovering at our pivot at 1.18023, 76.4-78.60% Fibonacci extension . We foresee a potential dip towards our area of take profit at 1.17361, 127.2% Fibonacci extension . Price has recently been transcending within Ichimoku Clouds and broke through, which forecasts the trend...
XAUUSD facing bearish pressure | 13th Sep 2021
XAUUSD is holding below the 50period MA showing a potential bearish momentum. Price is expected to push down from the pivot level in line with 23.6% Fiboonacci retracement, towards the take profit level in line with 61.8% Fibonacci retracement and 61.8% Fibonaaci extension. Our bearish bias is also further supported...
USDJPY short burst of bullish momentum | 13th Sep 2021
Price is seen to be moving in the ascending channel . We are expecting price to have a short term bullish momentum towards the top trendline of the ascending channel . Price is expected to rally upwards from pivot level ( in line with the 50% Fibonacci retracement and 61.8%...
Market Quick Take – September 13, 2021
Risk sentiment closed last week on a sour note, with US equities broadly lower. The action this week is off to a slow start as Chinese regulators made new moves impacting major platform companies there, while a typhoon looks set to disrupt major Chinese ports. US data focus this week...
Macro Dragon WK #38: US Inflation, US Infra Bill Discussions & US Debt Ceiling are key for the pre-FOMC wk ahead
Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
WCU: Industrial metals take charge. NatGas shortage concerns grow
The Bloomberg Commodity index traded close to flat on the week but still not far from levels last seen more than ten years ago. The engine keeping the index elevated has increasingly been shifting to energy and industrial metals at the expense of struggling precious metals and lower crop prices....