GBPUSD Holding below descending trendline resistance with price looking for a short below our entry at 1.37950 towards graphical swing low at our take profit level of 1.36024. Stochastic also reacting below resistance where price dropped before in the past. Any opinions, news, research, analyses, prices, other information, or links...
Possible trend shift in EURUSD – going long
Possible trend shift in EURUSD – going long LONG Euro / U.S. Dollar (FX:EURUSD) 1.18156 0.00075 0.06% desmondlzw 3 hours ago Trend Analysis Harmonic Patterns Chart Patterns EUR USD EURUSD forexsignals Signal ID: 77415 Time Issued: Friday, 27 August 2021 15:00:16 GMT Status: open Entry: 1.17748 - 1.17996 Limit: N/A...
GBPAUD Potential bullish momentum | 1st Sep 2021
Price is expected to bounce upwards from the ascending trendline support. Price is expected to move towards the 1st Resistance in line with the previous swing high and 100% Fibonacci extension . Our bullish bias is further supported by the stochastic indicator, the K% line bounced off on the support...
GBPJPY is at pivot, potential for bounce | 01 Sept
GBPJPY is holding above the ascending trendline. Price is facing bullish pressure above our entry at 151.492. Short term bounce towards our take profit at 151.892 could be possible. Our take profit level is line with -27.2% Fibonacci retracement . Technical indicators MACD and EMA are showing room for further...
USDJPY retesting breakout trendline, potential for upside
Price is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level....
#XAUUSD consolidating below pivot, potential for a pullback
Price is reacting below our pivot level at 1,816.07 which is in line with -27.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially drop towards support at 1,800 which is in-line with 23.6% Fibonacci retracement level, 78.6% Fibonacci extension level and trendlines support. Stochastic is also indicating...
#NZDUSD reacting below the pivot, potential for a drop
Price is reacting below our pivot level at 0.70445 which is in line with 100% Fibonacci retracement level and 127.2% Fibonacci extension level. Price could potentially drop to support at 0.69685 which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also forming negative divergence for...
Chinese equity rebound boosts global sentiment, even as we remain in defensive stance
Today we look at the Chinese rebound overnight and note the terrible relative performance this month and for the year-to-date for China relative to India, which is not plagued by the same regulatory uncertainties. But we continue to wax very cautious on the very extended US market even if we...
Market Quick Take – September 1, 2021
A mixed session in the US equity market yesterday after the prior two days of strong gains, even if little damage was done as the market remained relatively stable despite a huge drop in US consumer confidence in August, likely on the spread of the delta variant of covid. Chinese...
Earnings Watch, rally dynamics, and Chinese gaming restrictions
We take a look at earnings this week from Zoom, Meituan, and NetEase, and discuss the new gaming regulation in China as global equities are getting more and more extended. The earnings season has tapered off, but this week’s earnings have still been interesting. Take Fortesque Metals Group reporting yesterday...