Price is near sell entry price of 112.764 which is 127.2% Fibonacci projection and 38.2% Fibonacci retracement . Price can potentially dip to 111.983 which is also 50% Fibonacci retracement and graphical overlap support. Our bearish bias is supported by the ichimoku cloud indicator as price is trading under it....

Price is consolidating in a triangle. We see potential for prices to dip from our sell entry 130.986 in line with 50% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 129.395 in line with 50% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news,...

Price is abiding to the descending trendline resistance, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 127.2% Fibonacci projection towards the take profit level in line with 38.2% Fibonacci retracement and 161.8% Fibonacci projection . Our bearish bias is further supported...

Price is near sell entry price of 0.74266 which is also 127.2% Fibonacci projection and 61.8% Fibonacci retracement . Price can potentially dip to the first support level of 0.73288 which is 61.8% Fibonacci retracement . Our bearish bias is supported by the respective technical indicators. Any opinions, news, research,...

Price broke out of the ascending trendline resistance, signifying a bullish momentum. We can expect price to bounce from pivot level in line with 61.8% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is further supported by the...

In today's equity update we look at travel stocks gaining this month on better than expected earnings. PayPal reported a weaker than expected guidance confirming the latest rout in its share price. Lastly, Cannabis stocks were soaring yesterday on Republican bill.Travel overall is doing better than feared in Q3 Expedia...

Price is near take sell entry level of 1.35797 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection level. Price can potentially dip from this level to the take profit level of 1.34415 which is also 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is supported...

Today we look at US market internals and the sector performances that stand out as the broader market has lost some momentum over the last couple of days. We also discuss the conundrum and lack of coherence across markets as inflation concerns rage while nominal yields at the long end...

Equity markets continue to show signs of slowing momentum as a feeble rally attempt led nowhere in the US yesterday and sentiment in Asia was muted to even poor in the case of Japan as the yen has rallied sharply this week. Crypto traders, however, celebrated a new surge in...

Our 'Macro Chartmania' series collects Macrobond data and focuses on a single chart chosen for its relevance. This week, we look at the evolution of liquidity injections by global central banks.Click here to download this week's full edition of Macro Chartmania. At Saxo Bank, we believe that in the era of...