Market Quick Take – June 23 2021

Equities have pulled sharply higher in the wake of fresh comments from Fed Chair Powell yesterday on his view that the inflation spike will prove transitory. This reassurance helped take some more of the sting out of the reaction to the hawkish perceived shift at the FOMC meeting last week....

Breakout Identified in GBPJPY

The Breakout Opportunities system has just bought GBPJPY at 153.688. The system recommends entering this trade at any price between 153.094 and 153.908. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.223, suggesting that the GBPJPY may have further...

Breakout Identified in EURJPY

The Breakout Opportunities system has just bought EURJPY at 131.392. The system recommends entering this trade at any price between 131.058 and 131.542. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.256, suggesting that the EURJPY may have further...

EURNZD bullish breakout | 22nd June 2021

EURNZD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the ascending trendline and moving average support. We could see further upside above Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards Take Profit, in line with 127.2% Fibonacci extension...