Price has been consolidating in a triangle. We see a potential buy entry 1.25544 in line with 61.8% and 78.6% Fibonacci retracement towards our Take profit at 1.27144 in line with 61.8% and 78.6% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other...
EURUSD potential for dip | 29th Oct
Price has recently retested the ascending trend line and is near sell entry price of 1.16853 which is 100% projection. Price can potentially dip to take profit level of 1.15799 which is 127.2% Fibonacci projection and 61.8% Fibonacci retracement . Our bearish bias is supported by stochastic as it reacted...
AUDCHF potential trend reversal! | 29th Oct 2021
Price is on a bearish momentum. We spot a double top , signalling a potential trend reversal. Our sell entry would be placed at 0.68714 in line with 61.8% Fibonacci retracement and our take profit is at 0.68137 which is an area of Fibonacci confluences. Technical indicators are showing bearish...
USDCHF potential for short reversal | 29th Oct
Price is near the buy entry price of 0.910886 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially rise to the take profit level of 0.91704 which is 78.6% Fibonacci projection and 23.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator...
Apple and Amazon hit by supply constraints, Facebook turns Meta
Equities are lower today on negative surprises from Apple and Amazon driven by supply constraints and inflation pressures. Facebook also announced a massive shake-up of the company including shifting its name to Meta.Earnings per share growth q/q turned negative for Nasdaq 100 and even more negative for MSCI World after...
Market challenges ECB. Facebook is now Meta. Huge week ahead for US.
Today we look at the market thumbing its nose at the ECB meeting and front-running eventual rate hike guidance despite Lagarde's protests, the loud silence from the RBA as the market challenges its yield curve control policy, weak results from Apple and especially Amazon, Facebooking going Meta, the latest on...
Market Quick Take – October 29, 2021
The market thumbed its nose at the nominally dovish ECB meeting as rate hike expectations for next year soared to new highs for the cycle despite protestations from ECB President Lagarde that the market was wrong to price rate hikes and that inflation would fall back next year. Elsewhere, weak...
Gravestone Doji’s in US Indices
A technical top and reversal pattern has formed in S&P 500 and Nasdaq 100 During Tuesday's trading session S&P500 formed a Gravestone Doji. (Market opened and closed in almost same price at the low end of the candle with a tall upper shadow i.e. Buyers tried pushing market higher from...
Margin squeeze, EV battle, and energy capex drought
The earnings season is showing investors that profit margins have peaked, that Volkswagen is losing momentum, and that capex is still lacking in energy. With 40% of the S&P 500 companies having reported Q3 earnings we now have a good picture of the corporate sector in Q3. Revenue is up...
USDCAD is at a Pivot, potential for bounce! | 28th Oct 2021
Price is consolidating in a daily triangle. Prices may bounce from our Pivot at 1.23081 towards our Take Profit at 1.25066 which is an area of Fibonacci confluences. Technical indicators are showing bullish momentum. Alternatively, our stop loss is placed at 1.22486 which is in line with 161.8% Fibonacci extension...