We can see that price is abiding to the descending trendline resistance. However, we can expect price to make a short-term retracement. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement and 100% Fibonacci projection towards take profit level in line with 78.6% Fibonacci...

Price has recently broke out of the descending trendline and is near the support level of 1.34707 which is 61.8% Fibonacci projection and 23.6% Fibonacci retracement . Price can potentially go to the take profit level of 1.35693 which is also 78.6% Fibonacci retracement . Our bullish bias is support...

On the H4, we can see that price abiding to the ascending channel on the daily and descending trendline on the H4. We can expect price to make a bounce from pivot in line with 78.6% Fibonacci projection , 78.6% Fibonacci retracement and ascending channel support towards the take profit...

Today we issue another general note of caution on the status of global equity markets, which look stretched even if there are rational (real yields) and especially seasonal narratives in support of recent developments. Elsewhere, we dive into Amazon's broadside against Visa, whether that company and Mastercard could see eventual...

US equities remain poised near all-time highs after a mixed session yesterday, while Asian equities were in a cautious mood on a weak session for the Chinese markets. In FX, focus centers on the very weak Euro as the single currency has dropped across the board on bets that the...

Main US and European Equity Indices seems to be trading in rising trends. Nikkei has paused a bitDAX is rising in a fairly narrow channel making new all-time highs almost daily. RSI is not showing divergence indicating we are likely to see higher levels in coming days and possibly weeks....

Rivian has become a new phenomenon we have never seen before getting a $153bn market value with zero revenue booked. We take a look at the numbers to find out what is going on.In yesterday’s equity update, we wrote about the current bonanza in EV stocks with the 11 largest...

Crude oil remains stuck near the bottom of a seven-dollar range, that has prevailed for the past month, with mixed signals creating some uncertainty with regards to the short-term direction. Gas prices in Europe and Asia meanwhile has been shooting higher once again with the continued worry about tight supplies...

A fresh spike in natural gas prices in Europe accelerated the relative weakness of the euro yesterday and the single currencies performance is so dire that we have to consider where to look if the market transitions to more existential, as opposed to cyclical concerns. Elsewhere, SEK has recently looked...

Price is on a bullish momentum and abiding to our ascending trendline. We see potential for short pullback from our sell entry at 0.93235 in line with 100% Fibonacci extension towards our Take Profit at 0.92731 in line with 23.6% Fibonacci retracement . Stochastics are at a level where dips...