Prices are approaching our support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
GBPUSD is facing bullish pressure | 5 May 2021
Prices are approaching our support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
AUDUSD facing bearish pressure | 5 May 2021
Prices are facing bearish pressure from 61.8% Fibonacci retracement level. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension as well as 127.2% Fibonacci retracement . If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6%...
AUDUSD facing bearish pressure | 5 May 2021
Prices are facing bearish pressure from 61.8% Fibonacci retracement level. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension as well as 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci...
Podcast: Yellen opens mouth, inserts foot.
Today we look at yesterday's ugly session in the US equity market, already in motion before it was badly aggravated by oddly direct comments on the possible need to raise interest rates from US Treasury Secretary Yellen. Her later clarifications helped reverse some of the damage, but the Nasdaq 100...
Market Quick Take – May 5, 2021
A steep sell-off in equities was already underway in the US yesterday, when the selling was aggravated by US Treasury Secretary Janet Yellen suggesting there could be a need to hike rates due to the risks of an overheating economy, comments that she later softened in a clarification. Markets have...
Possible trend shift in CHFJPY – going long
The Tidal Shift Strategy has just bought CHFJPY at 119.604. The system recommends entering this trade at any price between 119.472 and 119.736. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -6.056, which suggests that...
Don’t panic – there are still positive yielding assets out there
We look at instruments available in the Saxo Platform, which can be helpful investments as Danish banks are looking to apply negative interest rates on clients' accounts. We look at instruments available in the Saxo Platform, which can be helpful investments as Danish banks are looking to apply negative interest...
Crypto Weekly: Leaving Bitcoin behind
As Ethereum surged to a new all-time high, Bitcoin was left in the dust. eBay said that they may accept cryptocurrencies as payment in the future. The famous venture capital firm Andreessen Horowitz is looking to establish a new cryptocurrency fund worth up to $1bn.Ethereum surging to a new all-time...
Silver takes charge with gold a reluctant follower
Silver broke out of its triangular formation yesterday to record its best one day performance since early February when it briefly touched $30. Gold meanwhile remains rangebound as it struggles to find a bid strong enough to challenge key resistance at $1800. What is our trading focus? Spot Gold (Ticker:...