US equities surged on Friday to post a strong close to the week, with the S&P 500 posting a strong new all-time high, while the Nasdaq 100 index has yet to break free of the recent range. US treasury yields dropped ahead of this week, in part after a huge...
Macro Dragon WK # 34: Nvidia Earnings, RBNZ hikes, FOMC & RBA Mins, Powell Tues, US Retail & Afghanistan
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...
NZDJPY facing bearish pressure | 13th Aug 2021
Price may bearish below the pivot at 77.93 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension to take profit at 76.396 in line with 127% Fibonacci extension . Otherwise, price may retrace to stop loss at 78.77 in line 78.6% Fibonacci extension . Any opinions, news, research, analyses,...
USDJPY below pivot, potential for a drop
Price is at below pivot level at 110.67 which is in line with 61.8% Fibonacci retracement level and 127.2% Fibonacci extension level. Price may potentially drop to our support at 110.08, which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Alternatively, price may potentially bounce towards resistance...
GBPUSD H4 approaching pivot, potential for drop
Price is approaching pivot level at 1.38305 which is in-line with 38.2% Fibonacci retracement level and 200MA. Price could potentially drop towards support at 1.37710, which is in-line with -27.2%, 50% Fibonacci retracement and horizontal overlap support. If price bounces, it could potentially swing towards resistance at 1.38610, in-line with...
XAGUSD Facing bearish pressure | 13 Aug 2021
XAGUSD broke below descending channel support to the downside. With technical indicators still showing room for further bearish momentum, a further push down below our entry at 23.665 towards graphical swing low and 161.8% Fibonacci extension at our take profit at 22.259 could be possible. Any opinions, news, research, analyses,...
GBPJPY Facing bearish pressure | 13 Aug 2021
GBPJPY Facing bearish pressure. Price is currently forming the last leg of what is a possible double top pattern. A drop below our entry at 152.696 where we have graphical overlap resistance towards our take profit at 151.540 could be possible. Our take profit also falls in line with a...
AUDUSD approaching 1st support, facing bullish pressure
Price may bullish above the pivot at 0.73159 in line with 61.8% Fibonacci extension to take profit at 0.73926 in line with 61.8 Fibonacci retracement and 78.6% Fibonacci extension . Otherwise, price may retrace to stop loss at 0.72894 in line with 78.6% Fibonacci extension . Any opinions, news, research,...
NZDJPY facing bearish pressure | 12th Aug 2021
Price is below our pivot level at 78.066 which is in-line with 78.6% Fibonacci retracement . Price could potentially drop towards support at 76.097 in-line with 50% Fibonacci extension . If price bounces, it could potentially swing towards resistance at 78.77 in-line at horizontal swing high. Any opinions, news, research,...
AUDJPY facing bearish pressure | 12th Aug 2021
Price is below our pivot level at 81.581 which is in-line with 78.6% Fibonacci extension level. Price could potentially drop towards support at 80.598 in-line with 61.8% Fibonacci retracement level. If price bounces, it could potentially swing towards resistance at 81.944 in-line with 100% Fibonacci extension level. Any opinions, news,...