Price is near the sell entry price of 0.91896 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can further dip to the take profit price of 0.91505 which is also 78.6% Fibonacci projection . Our bearish bias is supported by the ichimoku cloud indicator as price...
Possible trend shift in AUDUSD – going long | 27th Oct
Signal ID: 78001 Time Issued: Wednesday, 27 October 2021 02:00:15 GMT Status: open Entry: 0.75034 - 0.75314 Limit: N/A Stop Loss: 0.74615 The Tidal Shift Strategy has just bought AUDUSD at 0.75174. The system recommends entering this trade at any price between 0.75034 and 0.75314. The signal was issued because...
EURUSD potential for further downside | 27th Oct
Price has recently broke out from the ascending trendline and can potentially dip to the first support level which is also the graphical swing low level. The sell entry is placed at the graphical overlsap support which is also 50% Fibonacci retracement and 61.8% Fibonacci projection . Our bearish bias...
What is driving equity market higher and what might slow progress
Today we look at the US market finally stumbling slightly yesterday after its torrid recent pace of gains and we dissect some of the market logic that might be continuing to drive the market higher despite rising rates as well as factors like earnings deceleration that could hold the market...
Market Quick Take – October 27, 2021
Equity markets reached fairly aggressive new highs yesterday in the US, but retreated sharply into the close, one of the more pronounced signs of weakness in the last two weeks. Oil prices were capped once again late yesterday in the US in the wake of weekly inventory data. Today brings...
Big earnings week, margin pressure, and the Tesla geyser
The Q3 earnings season is in full swing with this week being the most important as all the big US technology companies are reporting. We take a look at earnings so far and what to expect.This is the most important week in the Q3 earnings season with several hundreds of...
XAUUSD Dipping on Hourly in Area of Strength
XAUUSD is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic on the hourly (on the right) will potentially align short-term traders with the daily. If these occur, a movement of stochastic to 80 level and maintenance thereof increases the potential for a successful trade. Trend following indicators may be useful in...
Tesla melt-up pulls entire market higher
Today we look at Tesla news inspiring an aggravated melt-up in Tesla shares, as the company's market valuation passes $1 trillion and is now so large that it contributed significantly to pulling the major indices higher yesterday as well. Also, we delve into the latest earnings news, especially Facebook's, look...
Market Quick Take – October 26, 2021
Equity markets rose higher still in the US to close at strong new highs for the cycle, with sentiment after hours and overnight staying positive, particularly in Japan, where the Nikkei in particular posted a strong gain. Elsewhere, gold is making a bid to stay interesting by staying above 1,800...
FXCM FAANG Basket Moves Into Bullish Stack On the Daily
The above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that...