Today we look at the news of the new Covid variant hitting global markets like a ton of bricks at almost the worst imaginable time, as liquidity is poor over the ongoing US Thanksgiving holiday, with most US market participants away from their desks on holiday and the most liquid...
Market Quick Take – November 26, 2021
Fears linked to a new and different covid variant discovered in South Africa helped send a wave of caution over global markets overnight. Stocks in Asia and the US slumped, Treasuries rallied while the dollar traded near a 16-month high. Crude oil shed 3% and gold rose with the detection...
Podcast Special Edition with Brent Donnelly of Spectramarkets
This special episode features a conversation on all things trading with Brent Donnelly, a veteran trader and writer. Brent has more than 25 years of experience trading currencies and other assets with major international investment banks and hedge funds. Brent is a gifted writer who pens daily market thoughts on...
NZDCHF potential for bounce! | 25th Nov 2021
Prices are abiding to our descending trendline. We see potential bounce from our Pivot at 0.64040 which is an area of Fibonacci confluences towards our Take Profit at 0.64572 in line with 78.6% and 38.2% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices,...
AUDCHF potential for bounce! | 25 Nov 2021
Prices appear to be consolidating in a triangle. We see potential for a bounce from our buy entry at 0.67094 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement and bullish trendline towards our Take Profit at 0.67850 which is an area of Fibonacci confluence . Alternatively, our stop...
USDCHF potential for further uptrend | 25th Nov
Price is near the buy entry price of 0.93287 which is 61.8% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit level of 0.93692 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price...
EURCHF bearish continuation | 25th Nov 2021
Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 78.6% Fibonacci projection . Our bearish bias is further supported by ichimoku indicator...
CHFJPY bullish breakout | 25th Nov 2021
Price broke out of the descending trendline resistance (now support) , signifying bullish momentum. We can expect price to push up from the pivot level in line with 38.2% Fibonacci retracement towards take profit level in line 78.6% Fibonacci retracement and 127.2 % Fibonacci projection . Our bullish bias is...
EURJPY Potential for uptrend | 25th Nov
Signal ID: 78391 Time Issued: Thursday, 25 November 2021 03:11:15 GMT Status: open Entry: 129.224 - 129.526 Limit: 129.979 Stop Loss: 128.771 The Breakout Opportunities system has just bought EURJPY at 129.375. The system recommends entering this trade at any price between 129.224 and 129.526. The signal was issued because...
USDJPY potential for reversal | 25th Nov
Price is near sell entry price of 115.508 which is also 78.6% Fibonacci projection . Price can potentially dip to the take profit level of 114.383 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bearish bias is supported by the sotchastic indicator as it is near...