Yields popped higher yesterday, particularly in Europe, and this took both the JPY and the CHF down a couple of notches ahead of the key event risk this week, the Fed Chair Powell speech at Jackson Hole tomorrow, which is not expected to bring anything of note, ironically setting the...
GBPJPY Facing bullish pressure | 26 Aug 2021
GBPJPY holding above ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our entry at 151.180 towards -27.20% Fibonacci retracement and take profit level at 151.926 could be expected. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
USDCAD Facing bullish pressure | 26 Aug 2021
USDCAD Facing bullish pressure above our pivot at 1.26349. A breakout to the upside will see price push towards 1st resistance at 1.27643 could be possible. Stochastics is reacting above support where price bounced in the past as well. Any opinions, news, research, analyses, prices, other information, or links to...
AUDUSD Facing bullish pressure | 26 Aug 2021
AUDUSD facing bullish pressure. With technical indicators showing room for further bullish momentum, a further push up above our entry at 0.72438 towards our take profit at 0.73234 and graphical overlap resistance could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on...
EURJPY potential bullish momentum | 26th Aug 2021
Price has broken the descending trendline resistance for both the H4 and the weekly chart, this signifies a bullish momentum Price is expected to be moving towards the take profit level in line with the 127.2% Fibonacci extension level. Our bullish bias is further supported by the MACD reacting above...
AUDJPY facing bearish pressure |26th Aug 2021
Price is seen to be holding below the descending trendline resistance, this signifies a bearish momentum on AUDJPY .(On the weekly chart, the price is still holding within the descending channel .) Price is expected to move towards the take profit level in line with 38.2% Fibonacci retracement level, 78.6%...
EURAUD is reacting above pivot, potential for further upside
Price is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where...
NZDUSD is at pivot, potential for a drop
Price is reacting at our pivot level at 0.69630 which is in line with 61.8% Fibonacci retracement level, 161.8% Fibonacci extension level and 200MA. Price could potentially drop to support at 0.68940 which coincides with 50% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level...
XAUUSD broke down from ascending trendline, potential for drop
Price broke ascending trendline at our pivot level at 1,788.18 which is in line with 23.6% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially drop towards support at 1,764.03 which is in-line with 50% Fibonacci retracement level and 200% Fibonacci extension level. MACD is also indicating bearish...
Sector-picking the Chinese market. Yields on the move ahead of JH
Today we look at sovereign yields suddenly on the move again ahead of Fed Chair Powell's speech tomorrow, particularly in Europe yesterday in the wake of ECB comments on the potential for improved forecasts at their upcoming meetings. We also look at Chinese equities and focus on where the safer...