Price is reacting in a potential triangle formation and price is approaching the descending trendline resistance. We can expect price to drop from the pivot level in line descending trendline resistance and 127.2% Fibonacci retracement towards the take profit level in line with 100% Fibonacci projection and 50% Fibonacci retracement...
AUDUSD bearish continuation |11th Oct 2021
Price is seen to be holding below the descending trendline resistance, signifying a bearish momentum. Price is approaching the 1st resistance where price is in line with the descending trendline resistance, hence we can expect price to drop from 1st Resistance in line with 61.8% Fibonacci Retracement and 100% Fibonacci...
XAUUSD on bullish momentum | 11th Oct
Price is currently trading in a ascending channel and is at our buy entry price of 1760.955 which is also our 23.6% Fibonacci Retracement level of 23.6% and 127.2% projection level . Price can potentially go to our take profit level of 1778.451 which is also Fibonacci retracement of 127.2%...
GBPUSD is on a bullish momentum! | 11 Oct 2021
GBPUSD is on a bullish momentum. We foresee a potential entry at 1.36374 in line with our area of Fibonacci confluences and bullish trendline towards our potential take profit at 1.37218 in line with 100% and 61.8% Fibonacci retracement . Technical indicators are showing bullish momentum. Alternatively, prices may dip...
Fixed income market: the week ahead
Inflation is driving the bond market and monetary policies. Therefore, this week's inflation readings out from the US and Germany and long-term bond auctions in the US, Germany and Italy can be catalysts for a deeper selloff in the government bond space. In the US, long-term Treasuries aren't benefitting anymore...
COT: Broad commodity buying; Dollar long jumps
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, October 5. A week that saw stock markets gyrating between sharp gains and losses in response to US debt ceiling talks, tightening Federal Reserve policy and the energy crunch. While the...
Market Quick Take – October 11, 2021
US equities dropped on Friday in the wake of a mixed US jobs report, which suggested more sluggish than expected hiring but a much higher than expected pace of earnings growth, which sent US Treasury yields back higher. The mood was more upbeat in Asia, where especially Japanese equities rose...
Breakout Identified in EURUSD
Signal ID: 77811 Time Issued: Friday, 08 October 2021 01:46:16 GMT Status: open Entry: 81.646 - 82.009 Limit: 82.477 Stop Loss: 81.070 The Breakout Opportunities system has just bought AUDJPY at 81.853. The system recommends entering this trade at any price between 81.646 and 82.009. The signal was issued because...
Breakout Identified in AUDJPY
Signal ID: 77811 Time Issued: Friday, 08 October 2021 01:46:16 GMT Status: open Entry: 81.646 - 82.009 Limit: 82.477 Stop Loss: 81.070 The Breakout Opportunities system has just bought AUDJPY at 81.853. The system recommends entering this trade at any price between 81.646 and 82.009. The signal was issued because...
XAUUSD is on bearish momentum | 7th Oct 2021
Price has recently reach our sell entry price of 1754.336 which is in line with our Fibonacci retracement level of 61.8% and projection level of 61.8%. Price can potentially dip down to our take profit level of 1742.88. Our bearish bias is further supported by our 20EMA. Any opinions, news,...