The EURUSD is in the bearish area on the daily chart on the left. Moreover, the expansion in the red Bollinger bands shows a sharp increase in its volatility. This, on the back of the FOMC release yesterday and the dot plot showing that current expectations are for 2 rate hikes before the end of 2023. A much more hawkish reading than the March dot plot which...
USOil is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit...
AUDJPY facing bearish pressure from descending trendline resistance, horizontal pullback resistance in line with 78.6% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci extension. If prices push up, prices might face resistance from horizontal swing high resistance in line...
GBPUSD is approaching pivot level in line with horizontal pullback support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. Prices might push up towards horizontal pulllback resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low...
AUDNZD is approaching sell entry, in line with 50% Fibonacci retracement and 78.6% Fibonacci extension, where we could see a reversal and downside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing low support. MACD and moving average are showing signs of bearish pressure as well.
Any opinions, news, research, analyses, prices, other...
GBPJPY is facing bullish pressure as it holds above the ascending trendline support and Stochastics has also bounced from the support where price has reacted in the past. We could see a further rise towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance, above Buy Entry level, in line with 78.6% Fibonacci retracement...
NZDCHF has broken out of descending trend line resistance in line and is pushing up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push past buy entry, prices might continue to push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices reverses...
GBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might pull back towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in...
The Congestion Opportunities Strategy has just bought EURUSD at 1.19936. The system recommends entering this trade at any price between 1.19809 and 1.20063. The signal was issued because the 28-hour Relative Strength Index indicates that the EURUSD may be overbought, while the Speculative Sentiment Index reading of -1.47206 indicates that trader sentiment is not...
The Tidal Shift Strategy has just sold AUDUSD at 0.76137. The system recommends entering this trade at any price between 0.75994 and 0.7628. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.13735, which suggests that the AUDUSD could be trending downwards. The 14-period...
FXCM's USDOLLAR index is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a...
The US10Y started trending up in February. This adversely affected the NAS100 as growth stocks started to feel the pinch of higher discount rates. The 10-Yr reached a high of around 1.75% at the end of March and then began to pull back (red vertical). This supported the NAS100 and growth stocks in general at first, but yields started to drift and the NAS100...
Prices are facing bullish pressure from ascending trendline support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down, prices will take support from horizontal swing low support in line with...
GBPJPY is facing bearish pressure from descending trendline resistance. Prices might push down from horizontal overlap resistance in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement as well as 100% Fibonacci extension. If prices push up above...
Prices are currently hovering around pivot level in line with horizontal swing low support, 78.6% Fibonacci retracement, and 161.8% Fibonacci extension. If prices breaks through pivot, prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension. If prices reverse from the pivot, prices might take support from horizontal...
The Tidal Shift Strategy has just bought EURCHF at 1.09047. The system recommends entering this trade at any price between 1.08978 and 1.09116. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.38719, which suggests that the EURCHF could be trending upwards. The 14-period...
NZDCHF holding below long-term descending trendline resistance. A short-term drop below our entry at 0.64396 and also Fibonacci confluence zone towards graphical swing low level at 0.63979 could be possible. Stochastic is testing resistance as well where the price dropped in the past.
Any opinions, news, research, analyses, prices, other information, or links to...
AUDNZD has seen a bearish breakout below the ascending trendline support-turned-resistance and is now holding below the moving average resistance. We could see price reverse at Sell Entry, in line with 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension, and horizontal pullback resistance, and drop further towards Take profit, in line with -27.2% Fibonacci...
