AUDJPY holding above short term ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our entry at 80.348 towards graphical swing high, Fibonacci confluence zone at our take profit level of 81.584 could be possible. Any opinions, news, research, analyses, prices, other...
EURUSD Facing Bearish pressure | 31 Aug 2021
EURUSD capped below descending trendline resistance. A short term drop below our entry at 1.18515 towards 61.8% Fibonacci retracement and our take profit level at 1.17271 could be possible. Stochastic indicator is also testing resistance where price dropped lower in the past. Any opinions, news, research, analyses, prices, other information,...
USDCHF Facing Bearish pressure | 31 Aug 2021
USDCHF is holding below descending trendline resistance. A short term intraday drop below our entry at 0.91751 towards graphical swing low and take profit level at 0.91001 could be possible. Stochastics is reacting below resistance where price pulled lower in the past. Any opinions, news, research, analyses, prices, other information,...
GBPJPY is at pivot, potential for bounce | 31 Aug
GBPJPY is holding above the ascending trendline. Price is facing bullish pressure above our entry at 150.952. Short term bounce towards our take profit at 152.447 could be possible. Our take profit level is line with 78.6% Fibonacci retracement . Technical indicators MACD and EMA are showing room for further...
NZDJPY continuation of bullish momentum | 31st Aug 2021
Price is holding above the 21 EMA showing a significant bullish continuation. Price is expected to move upwards from the pivot level in line with the 78.6% Fibonacci extension and 61.8% Fibonacci retracement to the take profit level which is in line with the 127.2% Fibonacci extension . Our bullish...
AUDUSD retesting the breakout trendline | 31st Aug 2021
Price is retesting the breakout trendline, showing a potential upside for AUDUSD . Price is expected to bounce up from the pivot level, in line with the 127.2% Fibonacci extension , and push towards the take profit level which is in line with the 61.8% Fibonacci retracement . Our bullish...
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....
GBPUSD is at pivot, potential for drop
Price is approaching 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 1.36020 which is in-line with 100% Fibonacci retracement , 78.6% Fibonacci extension level and swing low support. Stochastic is...
Macro Dragon: Snowflake Powell, +$2T US Taxpayers Flushed Dollars & Exit Afghanistan, HK Equities, US Duration, Gold
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...
Equities accelerate beyond trend, not always a good thing
Today we note the acceleration in the equity market beyond the trend established since the spring and look back at a couple of prior episodes in which this quickly resolved into a much more volatile and two-way market. We also look at fresh pain in Chinese equities, the US treasury...