The Reserve Bank of Australia only checked a couple of the boxes in its shift in the direction of tightening overnight, far short of where the market has priced the central bank to head with its policy rate in the coming year, but how much should the market care when...
AUDJPY potential for dip | 2nd Nov
Price is near sell entry price of 84.657 which is also 23.6% Fibonacci retracement and 100% Fibonacci projection . Price can potentially dip to the first support level of 83.144 which is 38.2% Fibonacci retracement and 161.8% Fibonacci projection . Our bearish bias is supported by stochastic indicator which is...
USDCHF short-term bullish bounce | 2nd Nov 2021
Price is abiding by a descending trendline, signifying an overall bearish trend . However, we can expect price to make a small bounce form the pivot level in line with 127.2% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci projection and 78.6%...
GBPJPY potential for bounce | 2nd Nov
Price is near the buy entry price of 154.693 which is 38.2% Fibonacci retracement and 100% Fibonacci projection . Price is expected to bounce from that level to the take profit level of 156.740 which is 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bullish bias is supported by...
CADCHF bearish momentum | 2nd Nov 2021
Price is currently reacting in between a descending trendline and an ascending trendline, forming a potential triangle. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 1001% Fibonacci projection and ascending trendline support. Our bearish...
NZDCHF potential for bounce! | 2 Nov 2021
Price is consolidating in a wedge pattern. We see a potential entry at 0.65251 which is an area of Fibonacci confluences towards our Take Profit at 0.65573 in line with 38.2% and 61.8% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information,...
GBPUSD potential for further dip | 2nd Nov
Price is near the sell entry price of 1.36473 which is 61.8% Fibonacci projection and 50% Fibonacci retrcement. Price can potentially dip to the take profit level of 1.35774 which is 78.6% Fibonacci projection and 61.8% Fibonacci retracement . Our bearish bias is supported by the ichimoku cloud indicator as...
AUDCHF potential for further upside | 2nd Nov
Price has recently tested the ascending trendline support and the buy entry price of 0.68316 which is also 50% Fibonacci retracement and 100% Fibonacci projection . Price can potentially bounce from the first support level to the take profit price of 0.69253 which is also the graphical swing high level....
Bulls pull in horns ahead of FOMC. RBA dovish
Today we look at the market turning a bit more cautious ahead of an important FOMC meeting tomorrow, we note signs of a crowded trade as traders short at least one long-dated US treasury proxy, the TLT. Also, a look at OPEC supply laggards driving upside oil price risks, industrial...
Podcast: Copenhagen Atomics and the future of nuclear power
In this special edition of the Saxo Market Call podcast, we have a long form conversation with Thomas Jam Pedersen, co-founder of Copenhagen Atomics, a start-up company working to bring a new generation of nuclear energy to market using thorium molten salt reactors, or TSMRs. In the conversation, we look...