The USDOLLAR has pulled back to the 38.2% Fibonacci retracement of the last impulse move up. This level coincides with a resistance turned support area (green shaded horizontal). The G7 finance ministers and central bankers will hold a teleconference today to discuss measures to deal with the economic impact of the coronavirus outbreak. The formal statement may...
The Tidal Shift Strategy has just bought EURJPY at 120.642. The system recommends entering this trade at any price between 120.231 and 121.053. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.47, which suggests that the EURJPY could be trending upwards.The 14-period Average...
The Breakout Opportunities system has just sold AUDUSD at 0.6512. The system recommends entering this trade at any price between 0.65028 and 0.65257. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 5.0231, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour...
The JPYBasket retraced to the 38.2% Fibonacci level of its previous impulse move up. This level overlaps with the central pivot and together these levels have supported the index. Moreover, its green 5-hour EMA has moved above its orange 10-hour EMA (green ellipse) and the RSI has pushed above 50 (blue rectangle). Capital seems to be flowing back into the JPY,...
The Tidal Shift Strategy has just bought EURUSD at 1.10625. The system recommends entering this trade at any price between 1.10369 and 1.10881. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.22622, which suggests that the EURUSD could be trending upwards.The 14-period...
The Tidal Shift Strategy has just bought AUDUSD at 0.65357. The system recommends entering this trade at any price between 0.65062 and 0.65652. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 4.33663, which suggests that the AUDUSD could be trending upwards.The 14-period...
Here we see FXCM's, EMBasket, which is equally weighted between the the Chinese renminbi, Mexican peso, South African rand, and Turkish lira. We can see that the green 5-day EMA is below the orange 10-day EMA with good angle and separation i.e. there is a downtrend that has momentum behind it. Moreover, the RSI is on the bearish side of 50. However, we do note...
The momentum of the USDOLLAR has declined over the course of the week. We can see this by the convergence of the green 5-day EMA towards the orange 10 day EMA (green ellipse). Moreover, the RSI has moved closer to 50 (red rectangle). As markets capitulated this week we note the bottom chart of the US 2-Yr note i.e. the yield has dropped markedly (blue...
The Breakout Opportunities system has just sold USDJPY at 108.814. The system recommends entering this trade at any price between 108.706 and 109.19. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.074, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour...
The Congestion Opportunities Strategy has just sold EURUSD at 1.10327. The system recommends entering this trade at any price between 1.10206 and 1.10448. The signal was issued because the 28-hour Relative Strength Index indicates that the EURUSD may be oversold, while the Speculative Sentiment Index reading of -1.10346 indicates that trader sentiment is not at...
72.074 - 72.403 Add to Watch List
Signal ID: 70745
Time Issued: Thursday, 27 February 2020 00:04:15 GMT
Status: open
Entry: 72.074 - 72.403
Limit: 71.681
Stop Loss: 72.796
The Breakout Opportunities system has just sold AUDJPY at 72.205. The system recommends entering this trade at any price between 72.074 and 72.403. The signal was issued because the AUDJPY has...
110.018 - 110.264 Add to Watch List
Signal ID: 70746
Time Issued: Thursday, 27 February 2020 04:52:15 GMT
Status: open
Entry: 110.018 - 110.264
Limit: 109.701
Stop Loss: 110.688
The Breakout Opportunities system has just sold USDJPY at 110.123. The system recommends entering this trade at any price between 110.018 and 110.264. The signal was issued because the...
The USDOLLAR's green 5-hour EMA has crossed above its orange 10-hour EMA (green ellipse) and the RSI is above 50 (blue rectangle). These are bullish developments and suggest an underlying positive momentum. We note that the greenback has almost completed a flag pattern (red parallel trend lines). To complete we need to see a breakout to the upside. A flag pattern...
0.62956 - 0.63154 Add to Watch List
Signal ID: 70734
Time Issued: Wednesday, 26 February 2020 08:00:17 GMT
Status: open
Entry: 0.62956 - 0.63154
Limit: N/A
Stop Loss: 0.63453
The Tidal Shift Strategy has just sold NZDUSD at 0.63055. The system recommends entering this trade at any price between 0.62956 and 0.63154. The signal was issued because our Speculative...
0.97222 - 0.97512 Add to Watch List
Signal ID: 70737
Time Issued: Wednesday, 26 February 2020 09:00:09 GMT
Status: open
Entry: 0.97222 - 0.97512
Limit: N/A
Stop Loss: 0.97946
The Tidal Shift Strategy has just sold USDCHF at 0.97367. The system recommends entering this trade at any price between 0.97222 and 0.97512. The signal was issued because our Speculative...
112.776 - 113.266 Add to Watch List
Signal ID: 70720
Time Issued: Monday, 24 February 2020 20:00:15 GMT
Status: open
Entry: 112.776 - 113.266
Limit: N/A
Stop Loss: 113.999
The Tidal Shift Strategy has just sold CHFJPY at 113.021. The system recommends entering this trade at any price between 112.776 and 113.266. The signal was issued because our Speculative...
143.769 - 144.242 Add to Watch List
Signal ID: 70706
Time Issued: Monday, 24 February 2020 08:32:15 GMT
Status: open
Entry: 143.769 - 144.242
Limit: 143.036
Stop Loss: 144.930
The Breakout Opportunities system has just sold GBPJPY at 144.013. The system recommends entering this trade at any price between 143.769 and 144.242. The signal was issued because the...
120.356 - 120.706 Add to Watch List
Signal ID: 70707
Time Issued: Monday, 24 February 2020 08:47:15 GMT
Status: open
Entry: 120.356 - 120.706
Limit: 119.937
Stop Loss: 121.335
The Breakout Opportunities system has just sold EURJPY at 120.496. The system recommends entering this trade at any price between 120.356 and 120.706. The signal was issued because the...
