The commodity sector traded lower for a fifth straight week with a surging dollar and renewed risk of covid lockdowns adding another dimension to a market already having to deal with surging inflation, tight supply and weather challenges. We take a closer look at the latest developments moving key commodities...
EURJPY is on a bearish momentum! | 19 Nov 2021
Prices are on a bearish momentum and consolidating in a bearish channel . We see potential for dips from our sell entry at 129.839 in line with 23.8% Fibonacci retracement , 78.6 Fibonacci extension and 23.6% Fibonacci retracement towards our Take Profit at 129.435 in line with 78.6% Fibonacci retracement...
Electrification and urbanisation will drive growth in copper
Copper is an essential metal in our green transformation driven by electric vehicles and upgrades to our electric grid infrastructure. The ongoing urbanisation in the world is also driving construction which is one of the key demand drivers for copper. The demand outlook looks strong, but how can investors get...
NZDJPY is on a bearish momentum! | 19 Nov 2021
Price is consolidating in a parallel channel . We see a potential sell entry at 80.672 in line with 127.2% and 100% Fibonacci extension and 38.2% Fibonacci retracement towards our Take Profit at 80.133 in line with 61.8% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news,...
Possible trend shift in USDJPY – going short | 19th Nov
Signal ID: 78321 Time Issued: Friday, 19 November 2021 01:00:15 GMT Status: open Entry: 114.178 - 114.462 Limit: N/A Stop Loss: 114.890 The Tidal Shift Strategy has just sold USDJPY at 114.32. The system recommends entering this trade at any price between 114.178 and 114.462. The signal was issued because...
CHFJPY is on bearish momentum 19-Nov-2021
Prices are on a bearish momentum and have recently broken out of our descending trendline. We see potential for dips from our 1st resistance at 123.433 in line with 61.8% Fibonacci retracement , 61.8 Fibonacci extension and graphical overlap towards our 1st support at 123.012 in line with 61.8% Fibonacci...
GBPJPY potential for further uptrend | 19th Nov
Price just broke out of the descending trend line and is near the buy entry price of 154.752 which is also 38.2% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially go to the take profit level of 156.256 which is also 61.8% Fibonacci projection . Our bullish bias...
GBPUSD potential for further uptrend | 19th Nov
GBPUSD Price is trading in a descending trendline and near the buy entry price of 1.35029 which is also 78.6% Fibonacci projection and 61.8%. Price can potentially go to the take profit level of of 1.36043 which is 50% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is...
CADCHF bullish continuation | 19th Nov 2021
Price is abiding to the ascending trendline support on the daily, signifying bullish momentum. We can expect price to bounce from the pivot level in line with 78.6% Fibonacci retracement and ascending trendline support towards 1st Resistance in line 78.6% Fibonacci projection and previous swing high. Our bullish bias is...
USDCHF potential Bearish drop | 19th Nov 2021
Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by RSI indicator abiding to the descending trendline. Any opinions, news,...