Price may bearish below the pivot at 0.91676 in line with 38.2% Fibonacci retracement to take profit at 0.90184 in line with 100% Fibonacci extension . Otherwise, price may bullish to stop loss at 0.92390 in line with 38.2% Fibonacci extension and Horizontal swing high. Any opinions, news, research, analyses,...
AUDJPY facing bearish pressure | 16th Aug 2021
Price may retest the pivot at 80.088 in line with 78.6% Fibonacci retracement to take profit at 81.325 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Otherwise, price may retrace to stop loss at 79.443 in line with 78.6% Fibonacci extension and 127.2% Fibonacci retracement . Any...
XAUUSD facing bearish pressure | 16th Aug 2021
Price may bearish below the pivot at 1791.68 in line with 61.8% Fibonacci retracement to take profit at 1717.820 in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . Otherwise, price may bullish to stop loss at 1833.950 in line Horizontal swing high. Any opinions, news, research, analyses, prices,...
USDJPY facing bearish pressure | 16th Aug 2021
Price may bearish below the pivot at 109.531 in line with 61.8% Fibonacci retracement and 50% Fibonacci extension to take profit at 108.722 in line with Horizontal swing low. Otherwise, price may bullish to stop loss at 109.913 in line 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices,...
AUDUSD potential short burst upwards within range | 16 aug 2021
AUDUSD faces potential short burst upwards within the range, potential buy entry at 0.73418 in line with 23.6% Fibonacci rettracement and extension. Our term short term bullish bias is further supported by the MACD indicator where the MACD Line is about to cross under the signal line signifying bullish market.
AUDCHF facing bearish pressure | 16 Aug 2021
AUDCHF has broken through the ascending support turn resistance trendline signifying a bearish movement, see that price is moving towards the take profit in line with 88.6% Fibonacci extension and Our bearish bias is further supported by the price holding below the EMA . Entry at current level inline with...
GBPUSD H4 at channel trendline resistance, potential for drop
Price is reacting below pivot level at 1.38718 which is in-line with 38.2% Fibonacci retracement level and descending trendline resistance. Price could potentially drop towards support at 1.38150, which is in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . RSI is also at resistance level where previous drops occurred....
NZDUSD H4 below pivot, potential for drop
Price is reacting below pivot level at 0.70477 which is in-line with 78.6% Fibonacci retracement level and descending trendline resistance. Price could potentially drop towards support at 0.70026, which is in-line with 78.6%, 61.8% Fibonacci retracement and ascending trendline support. If price bounces above, it could potentially swing towards resistance...
Delta variant impact, busy Chinese equity calendar and RBNZ in spotlight
Today we look at the week ahead as the earnings calendar remains busy, especially for interesting Chinese names. We also look at the potential impact of the ongoing delta variant surge and its impact, especially heavy on US sentiment as seen in Friday's preliminary University of Michigan sentiment reading. A...
COT: Gold and silver length cut in half; Agriculture bought on weather woes
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, August 10. A week that saw speculators getting busy adjusting positions in response to an increased virus threat at a time of rising yields and dollar following the strong US jobs...