Prices are facing bearish pressure where we could see a furhter downside below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
CHFJPY facing bullish pressure | 30 Apr 2021
Prices are facing bullish pressure from pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Prices might push up towards 1st resistance in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension . If prices push down further, prices might take support from 1st support in...
CHFJPY facing bullish pressure | 30 Apr 2021
Prices are facing bullish pressure from pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push up towards 1st resistance in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down further, prices might take support from 1st support in line with...
Possible trend shift in AUDJPY – going long
The Tidal Shift Strategy has just bought AUDJPY at 84.727. The system recommends entering this trade at any price between 84.568 and 84.886. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.656, which suggests that...
FX Update: JPY spinning into the abyss after FOMC non-event
The market got what it was looking for from the FOMC meeting last night, which was nothing. There has been a bit of back and forth since that meeting and the subsequent Biden address on his big spending and tax proposals from here, with the USD weak and the JPY...
Powell just turned US Treasuries into the worst asset in your portfolio
Yesterday's FOMC meeting decreased even further the appeal of US Treasuries. The Federal Reserve's chances of running towards a policy mistake are rising exponentially, leaving US Treasury holders increasingly vulnerable. Investors are left with only one option: picking credit and duration risk wisely within the junk bond space. High-yield corporate...
AUDUSD facing bullish pressure| 29 Apr 2021
Prices are facing bullish pressure from 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 78.6% Fibonacci extension . If prices push down further, prices might take support on horizontal swing low...
AUDUSD facing bullish pressure| 29 Apr 2021
Prices are facing bullish pressure from 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 78.6% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in...
Breakout Identified in GBPJPY
The Breakout Opportunities system has just bought GBPJPY at 151.866. The system recommends entering this trade at any price between 151.655 and 152.092. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.298, suggesting that the GBPJPY may have further...
GBPUSD is approaching support, potential bounce | 29 Apr 2021
Prices are approaching our support in line with our graphical support level , 38.2% retracement and 78.6% extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.