AUDNZD is approaching buy entry, in line with 61.8% Fibonacci retracement , 127.2% Fibonacci extension , ascending trendline support and horizontal swing low support. We could see a bounce from here and further rise up to reach take profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average...
Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension . If prices push down, prices might take support from horizontal swing low support in line with...
The XAUUSD dropped markedly yesterday as yields adjusted on the initial jobless claims and ADP beats. This is an interesting and potentially telling reaction. The yield adjustment likely came as inflation expectations were altered by the market. We also refer to the USDOLLAR which appreciated as the US10Y adjusted. It is often said the XAUUSD is a hedge against...
Prices are facing bearish pressure from horizontal pullback resistance in line with 100% Fibonacci extension and 50% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 50% Fibonacci extension . If prices continue to push up, prices might face resistance from horziontal swing high resistance in line with 127.2%...
The Congestion Opportunities Strategy has just bought AUDUSD at 0.76505. The system recommends entering this trade at any price between 0.76384 and 0.76626. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDUSD may be overbought, while the Speculative Sentiment Index reading of -1.1263 indicates that trader sentiment is not at...
The Congestion Opportunities Strategy has just sold USDJPY at 110.277. The system recommends entering this trade at any price between 110.168 and 110.386. The signal was issued because the 28-hour Relative Strength Index indicates that the USDJPY may be oversold, while the Speculative Sentiment Index reading of 1.014 indicates that trader sentiment is not at...
JPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop...
USDCAD is facing bullish pressure above Fibonacci confluence zone where we find 50% and 61.8% Fibonacci retracement and a small graphical overlap support. A short term bounce above our buy entry at 1.20418 towards our take profit at 1.20808 could be likely. Our take profit also falls in line with graphical swing high resistance, 61.8% Fibonacci extension and...
EURNZD is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support. We could potentially see a bounce at 61.8% Fibonacci retracement and 61.8% FIbonacci extension , and a further rise up to test 1st Resistance, in line with 100% Fibonacci extension and horizontal pullback resistance.
Any opinions, news, research,...
ZDCAD is approaching Sell Entry level, in line with 38.2% Fibonacci retracement , 78.6% Fibonacci extension and horizontal pullback resistance, where we could see a reversal and further downside towards 1st Support, in line with 78.6% Fibonacci extension , 88% Fibonacci retracement and horizontal pullback support. Price is also holding below moving average...
Prices are facing bearish pressure from 127.2% Fibonacci retracement and -27.2% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 100% Fibonacci extension and 50% Fibonacci retracement . If prices push up, prices might face resistance from 161.8% Fibonacci retracement and -61.8% Fibonacci retracement . Stochastics is...
Prices are facing short term bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement . Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension . If prices push down further, prices might take support from horizontal swing low support, in line with 161.8%...
CHNTECH is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop...
Price has broke a short term ascending support line triggering a potential drop to support at 1.4000.
1.4104 remains the key level to be broken as a downside confirmation to trigger a further move down because price has bounced from that level multiple times previously.
It's worth noting that price has a strong bearish divergence vs RSI that stretches all the...
The Tidal Shift Strategy has just bought EURAUD at 1.55551. The system recommends entering this trade at any price between 1.55278 and 1.55824. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.38916, which suggests that the EURAUD could be trending upwards.The 14-period...
