The Breakout Opportunities system has just sold USDCHF at 0.89418. The system recommends entering this trade at any price between 0.89292 and 0.89535. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 9.20574, suggesting that the USDCHF may have further...
Possible trend shift in GBPUSD – going long
The Tidal Shift Strategy has just bought GBPUSD at 1.41775. The system recommends entering this trade at any price between 1.41578 and 1.41972. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.66832, which suggests that...
GBPJPY Testing Descending Trendline Resistance | 11 June 2021
GBPJPY reacting below descending trendline resistance and 61.8% Fibonacci retracement level at 155.107. A short term intraday drop towards graphical overlap support and Fibonacci confluence zone at 154.826 could be possible. Stochastic is testing resistance where price pulled back in the past as well. Any opinions, news, research, analyses, prices,...
USDJPY Facing Bullish Pressure
USDJPY facing bullish pressure above ascending trendline support. A short term intraday bounce above 78.6% Fibonacci retracement at 109.318 towards graphical swing high resistance, 78.6% Fibonacci extension , 76.4% Fibonacci retracement at 109.649 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained...
Gold Remains Neutral on Daily; Assessing Follow Through
XAUUSD repsonded to the core CPI print of 0.7% m/m, which was higher than the 0.5% forecast. A bullish hammer has charted (day still to complete). This shows that bears took price down to the day's low before losing control to the bulls. Price is still in the neutal zone,...
FXCM’s Cannabis Basket’s hourly showing potential momentum push
FXCM's CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators...
Gamestop Volatility Increase Into Earnings Release
Gamestop will release its Q1 results after market close today. A few observations: - The stocks Bollinger's increased markedly into June as activity and volatility increased. - The 5 Day ATR (blue indicator) shows the impact of this increase, jumping from 14.06 on 24 May to the current reading of...
EURJPY potential for further downside |9th June 2021
Prices are in a general downtrend. A bounce might be expected from horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement . If prices continue to retrace, prices might...
USDCAD approaching support | 9th June 2021
Price is approaching buy entry, in line with 38.2%, 50% Fibonacci retracement , 100% Fibonacci extension and horizontal pullback support. We could see a bounce here and further rise up to take profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. RSI is also holding above...
GBPNZD facing bullish pressure | 9th June 2021
Price is holding above both ascending trendline and moving average support, showing possible bullish pressure in line with our analysis. We could see a further rise towards take profit level, in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices, other information, or...