In this article, we want to explain why tapering matters for your portfolio. In an accessible Q&A format, we outline what happened with tapering in the past what it could mean for markets today.What does tapering mean? When Federal Reserve's members talk about tapering, they refer to the gradual slow...
FX Update: USD is down for the count ahead of payrolls data tomorrow.
The action yesterday and into today has further cemented a v-shaped bearish reversal in the US dollar that suggests the greenback may have topped out for now. In fact, the weak USD itself is contributing to positive risk sentiment, with the JPY and CHF vying to fall as quickly as...
BTCUSD Facing bearish pressure | 2 Sept 2021
BTCUSD pushed higher and is now testing major swing high resistance. A short term pullback below our entry at 50491 towards our take profit level at 48027 could be possible. Stochastic is testing resistance where price dropped lower in the past as well Any opinions, news, research, analyses, prices, other...
EURCAD facing bullish pressure | 2 Sept 2021
EURCAD holding within ascending channel . With technical indicators showing room for further bullish upside, a further push up above our entry at 1.49121 towards our profit level at 1.49960 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website...
NZDJPY continuation of bullish momentum | 2nd Sep 2021
Price broke out of the descending trendline resistance and price is expected to push to the take profit level at 127.2% Fibonacci retracement and 161.8% Fibnonacci extension. Our bullish bias is further supported by the price holding above the Ichimoku cloud and the 50 period MA. Any opinions, news, research,...
Breakout Identified in USDCHF
HMC_Trader Breakout Identified in USDCHF SHORT U.S. Dollar / Swiss Franc (FX:USDCHF) 0.91631 0.00174 0.19% HMC_Trader 4 hours ago Trend Analysis USDCHF USD chf Forex forexsignals Signal ID: 77455 Time Issued: Wednesday, 01 September 2021 16:14:15 GMT Status: open Entry: 0.91272 - 0.91511 Limit: 0.90923 Stop Loss: 0.91880 The Breakout...
Breakout Identified in AUDJPY
Signal ID: 77456 Time Issued: Wednesday, 01 September 2021 16:31:15 GMT Status: open Entry: 80.979 - 81.327 Limit: 81.750 Stop Loss: 80.765 The Breakout Opportunities system has just bought AUDJPY at 81.186. The system recommends entering this trade at any price between 80.979 and 81.327. The signal was issued because...
GBPNZD reacting below pivot, potential for further downside
Price is reacting below our pivot level at 1.95330 which is in line with 127.2% Fibonacci retracement level. Price could potentially drop to support at 1.93660 which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level. MACD is indicating bearish momentum for further downside. Alternatively, price could potentially...
USDJPY potential bullish momentum | 2nd Sep 2021
Price broke out upwards from the triangle pattern signifying a bullish pressure. Price is expected to move towards the take profit level in line with the 78.6% Fibonacci retracement level. Our bullish bias is further supported by the price holding above the Ichimoku cloud and the RSI indicator shows a...
GBPUSD is consolidating at pivot, potential for drop
Price is consolidating around pivot level at 1.37725 which is in line with 61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance. Price may potentially drop to support at 1.36945 which is in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also indicating negative...