The Tidal Shift Strategy has just sold USDJPY at 109.493. The system recommends entering this trade at any price between 109.385 and 109.601. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.386, which suggests that...
GBPAUD approaching buy entry level | 7th June 2021
GBPAUD is approaching buy entry level, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension , ascending trendline support and horizontal overlap support. We could see a bounce and further rise towards take profit level, in line with 61.8% Fibonacci retracement and horizontal pullback resistance. Stochastics is also testing...
CADJPY facing bearish pressure | 7th June 2021
Price is facing bearish pressure from 61.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence area. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . If prices push up, prices might face resistance from horizontal swing high resistance in line...
AUDNZD approaching buy entry | 7th June 2021
AUDNZD is approaching buy entry, in line with 61.8% Fibonacci retracement , 127.2% Fibonacci extension , ascending trendline support and horizontal swing low support. We could see a bounce from here and further rise up to reach take profit level, in line with 61.8% Fibonacci extension and horizontal swing high...
GBPCHF facing bullish pressure, potential for further upside!
Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension . If prices push down, prices might take support from horizontal...
XAUUSD dropped as Yields Adjusted to Inflation Expectations
The XAUUSD dropped markedly yesterday as yields adjusted on the initial jobless claims and ADP beats. This is an interesting and potentially telling reaction. The yield adjustment likely came as inflation expectations were altered by the market. We also refer to the USDOLLAR which appreciated as the US10Y adjusted. It...
NZDCHF facing bearish pressure, potential for further downside!
Prices are facing bearish pressure from horizontal pullback resistance in line with 100% Fibonacci extension and 50% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 50% Fibonacci extension . If prices continue to push up, prices might face resistance from horziontal swing high...
AUDUSD approaching buy entry level | 4th June 2021
The Congestion Opportunities Strategy has just bought AUDUSD at 0.76505. The system recommends entering this trade at any price between 0.76384 and 0.76626. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDUSD may be overbought, while the Speculative Sentiment Index reading of -1.1263 indicates that...
USDJPY reversing from sell entry level | 4th June 2021
The Congestion Opportunities Strategy has just sold USDJPY at 110.277. The system recommends entering this trade at any price between 110.168 and 110.386. The signal was issued because the 28-hour Relative Strength Index indicates that the USDJPY may be oversold, while the Speculative Sentiment Index reading of 1.014 indicates that...
Looking For Bearish Crosses on JPYBASKET
JPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit...