Prices are on a bearish momentum. We see potential for a dip from our sell entry at 1.04559 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement towards our Take Profit at 1.03874 which is an area of Fibonacci confluences. RSI is showing divergence, further supporting our bias. Any...
AUDJPY potential short-term bounce | 30th Nov 2021
Price is reacting in a descending channel , signifying an overall bearish momentum. However, we can expect price to make a small retracement. We can expect price to bounce from the pivot level in line with graphical support, channel support and 78.6% Fibonacci retracement towards the take profit level in...
Things are not adding up any longer in the car industry
The car industry has experienced an unprecedented expansion in the combined market value as pure EV-makers have pulled sentiment significantly higher detaching market values from the structural low growth profile of the car industry. Market value does not add up with structural growth profile This year should have been the...
FX Update: Omicron whiplash for USDJPY.
The Friday meltdown in USDJPY and JPY crosses was all about position squaring as we had just come from a place of anticipating a more hawkish shift from central banks, particularly the US Fed. The sense of whiplash was most acute in USDJPY, which had just been up testing multi-year...
Omicron-driven oil slump raises risk of OPEC+ action
Crude oil suffered its largest one-day crash since April 2020 on Friday in response to worries the new omicron virus variant could drive renewed demand weakness at a time where the US is about to release millions of barrels of crude oil from its strategic reserves. While many have already...
AUDUSD potential for short reversal | 29th Nov
Price is trading in a descending channel and near the buy entry price of 0.71450 which is also 100% Fibonacci projection and 23.6% Fibonacci retracement . Price can potentially go to the take profit level of 0.72091 which is also 61.8% Fibonacci retracment and 100% Fibonacci projection . Our bullish...
Possible trend shift in EURJPY – going short | 29th Nov
Signal ID: 78478 Time Issued: Monday, 29 November 2021 04:00:15 GMT Status: open Entry: 127.854 - 128.602 Limit: N/A Stop Loss: 129.724 The Tidal Shift Strategy has just sold EURJPY at 128.228. The system recommends entering this trade at any price between 127.854 and 128.602. The signal was issued because...
EURUSD potential for further downtred | 29th Nov
Price is near sell entry price of 1.13066 which is 23.6% Fibonacci retracement and 100% Fibonacci projection . Price can potentially dip to the take profit level of 1.11932 which is also the graphical swing low level. Our bearish bias is supported by the ichimoku cloud indicator as price is...
GBPJPY potential for bounce! | 29th Nov 2021
Prices is abiding by an ascending trendline. We see potential for bounce from our buy entry at 150.828 in line with 78.6% Fibonacci retracement , 100% and 161.8% Fibonacci extension towards our Take Profit at 152.571 in line with 50% and 23.6% Fibonacci retracement . RSI is at a level...
AUDJPY is at Pivot, potential for bounce! | 29 Nov 2021
Prices is abiding by an ascending trendline. We see potential for bounce from our buy entry at 80.591 which is an area of Fibonacci confluences towards our support at 82.347 in line with 23.6% and 61.8% Fibonacci retracement . RSI is at a level where bounces previously took place. Alternatively,...