Prices are approaching ascending trendline support as well as horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 88% Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push down, prices might...

The Breakout Opportunities system has just sold GBPJPY at 151.565. The system recommends entering this trade at any price between 151.346 and 152.052. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.467, suggesting that the GBPJPY may have further...

The Congestion Opportunities Strategy has just bought EURJPY at 130.179. The system recommends entering this trade at any price between 130.018 and 130.34. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.029 indicates that...

GBPCHF is approaching horizontal overlap support in line with 50% Fibonacci extension and 50% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 61.8%...

EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price...

AUDUSD dropped quickly and made new lows. With price now trading sideways and consolidation, it could be a signal that price is looking for a short-term reversal. A break and close above our buy entry and 23.6% Fibonacci retracement level at 0.75479 will see a renewed push higher towards graphical...

NZDCAD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the moving average support. We could see a bounce at Buy Entry level, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support and moving average support, and further upside towards Take...

NZDCHF has shown a bullish breakout from the descending trendline resistance, where we could see a bounce from the Buy Entry level, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Price could rise further towards Take Profit level, which is in line with 61.8% Fibonacci extension and horizontal...

Today we review the trauma that has unfolded across markets in the wake of last week's FOMC meeting, with equities feeling considerable heat on Friday and a vicious yield-curve flattening requiring an explanation, although at this point we may have more questions than answers. We also look at the impact...

US equities suffered a broad sell-off on Friday, with volatility possibly aggravated by the expiration of many futures and options contracts and in the wake of hawkish comments from St. Louis Fed president James Bullard. US long yields have collapsed as the market prices in higher rates at the front-end...