Price is facing bearish pressure from our resistance in line with our horizontal overlap resistance where we could see a reversal below this level.

Price is facing bearish pressure from our resistance in line with our horizontal overlap resistance where we could see a reversal below this level.

Today, we look at divergent markets as Japanese equities managed to scrape to a new cycle high, while US stocks corrected sharply back lower after the prior day's surge, dragged in particular by social media companies on the de-platforming of Trump and other related issues linked to him politically. Also...

Price is approaching support where we could see a bounce above this level.

The Breakout Opportunities system has just bought AUDUSD at 0.77201. The system recommends entering this trade at any price between 0.77068 and 0.77347. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.29431, suggesting that the AUDUSD may have further...

Price is approaching support where we could see a bounce above this level.

US equity markets corrected lower yesterday, although global markets steadied overnight in Asia, and the Nikkei 225 posted a new multi-decade high. The US dollar remains firm after US treasuries weakened again, but gold and silver snapped back from an extension of their sell-off yesterday. In the US, Trump and...

USDCAD might pull back to key support before further bounce !

USDCAD might pull back to key support before further bounce !

The consolidation in the US dollar bear trend continues as global markets start the week on wobbly footing on some of the usual suspects returning and grabbing the spotlight, from Covid-19 concerns looking more global again, to longer term concerns on the US-China relationship and maybe even on the implications...