Price is currently holding below the descending trendline resistance, however we are expecting a small bounce back to the resistance level if the price is unable to break past the graphical overlap support on the weekly. We can expect price to bounce up from the pivot level in line with...

A deepening funk in equities, combined with a fizzle in bond yields after their recent rise, is seeing the JPY edging out the US dollar as the safe haven of choice as risk deleveraging has continued overnight. This can continue for a time but only as long as longer yields...

Today we look at US equity market that has gone over the edge technically and what could come next, given that we have crossed into a volatility event horizon that seems to almost guarantee either a further and accelerating swoon or an almost equally volatile market bounce. We also look...

Equities sold off hard yesterday late in the US session and were weaker still overnight, closing below their 100-day moving average and at the lowest level in more than two months. In Asia overnight, Chinese markets were closed, while other markets showed signs of contagion from the US, with the...

Precious metals continue to struggle with rising bond yields a stronger dollar and bouncing stocks further reducing demand for diversification. While gold earlier in the week showed signs of resisting the latest rise in US Treasury yields, both metals led by silver have struggled to put a defense against the...

Yesterday saw a big US dollar move higher as key support gave way in EURUSD and other currencies likewise came under pressure against the big US dollar. This time, the move was its own phenomenon, not requiring sympathetic weakness in risk sentiment or higher yields. The timing is worth noting...

Price broke the descending trendline resistance (now support) signifying a bullish momentum. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 61.8% Fibonacci Projection . Our bullish bias is further supported by the RSI indicator abiding...

Price is on a downward trend, we see a potential of entry at 0.72226 in line with 61.8& Fibonacci extension and graphical swing low. Our target take profit is placed at 0.71678 in line with 161.8% Fibonacci retracement and graphical swing low. Technical indicators are forecasting bearish momentum. Alternatively, our...

Price is currently trading in an ascending trend line at 81.662 which has a Fibonacci extension level of 61.8%. Price can potentially reach the take profit level of 81.328 which is in line with our Fibonacci level of 61.8%. Our bullish bias is further support by the Ichimoku cloud where...

Price is on facing bullish pressure. We foresee a potential bounce from our pivot entry at 77.55 in line with 23.6% Fibonacci retracement and parallel channel towards our take profit at 79.94 in line with 50.0% Fibonacci retracement and graphical swing high. Alternatively, our stop loss is placed at 76.66...