Here we are tracking the last few weeks of summer with light markets and only a Quarter to go till Brexit. With markets still massively underpricing the odds of a no-deal exit the pound bid will continue to remain absent. Here tracking the pullback in EURGBP as a buying opportunity; I am cautious of prices dropping below 0.900x as it can begin to do technical...
A very important chart for those who are trading macro portfolios and navigating flows around the US-China trade war. From a strictly waves perspective we are tracking an ending diagonal and the beginning of a 3rd large impulsive wave. Smart money is fishing around these levels and noise on mainstream media is reaching all time highs. It is no surprises Trump...
The market is growing impatient with the Fed not cutting more aggressively. Here markets will continue to trade expectations of steeper curves in the US and flatter across the majority of G10. Remember the short-end of the curve is influenced more by CB's, whereas the long-end is not shaken easily as anchored to market view of "neutral rate". With most of the...
Protectionism leading to growth concerns ... uncertainty around US-China continues to leave that bitter taste in the mouth of yields. All eyes on Australia joining the party next. Will take a miracle to avoid the downturn in the economic cycle; remember yield curves are usually counter directional with changes in the front end policy rate expectations and...
For all those tracking the previous daily BTC chart we have an update here again; it's loading time once more for those who are aiming at the $17,127 extension target. This will confirm the nature of the move as impulsive rather than corrective and unlock a break of all time highs at the end of the year. On the fundamental side we have risk off flows continuing...
Here we are tracking the next hurdle for Gold at 1540. The recent break out has finished consolidating and we are finally ready to kickstart the next leg. A break above 1510 yesterday was crucial as it unlocked the 1540 initial target, 1565 and 1595 next on the topside. Those trading the triangle breakout from the previous ideas will also have targets in play...
Tracking a break of the channel here; yields are beginning to test and all it will take for us to see a clean sweep is a daily close below. Eyes on 1.80 and 1.65 with a break; whilst to the topside a bulls need to take 2.654 to change the current direction. For the map a very clear: Strong support 1.65 <=> Soft support 1.80 <=> Mid point 1.95 <=> Soft...
The risk off flows have triggered an initial selloff in US equities; this is starting to reach extreme levels and a pullback would be healthy. To give bulls confidence we will need to get a close back above the 2973.xx to end the current leg, only then will we be able to trade anything to the topside. To the other side; a close underneath 2822 will trigger...
We have completed a very clear ABCDE sequence, it is a textbook example of a triangle breakout. With a weekly close outside of the lows it is sending messages that sellers are accelerating to the downside. This is a very important Week / Month and Quarter close .. the level to track here is 107.29; we need to get below there in order to confirm the impulsive...
Here we are digging deeper from a technical sense, after a textbook break of a triangle. From experience, triangles will often break after completing an ABCDE sequence before continuing with the underlying trend. A break of 107.295 will unlock the lows in the ABC sequence. Sellers need to get below there to confirm an impulsive leg that will carry us towards 105...
Here tracking the breakup here for BTC as markets continue to digest the risk-off flows. we are outguessing the major break with aggressive entries and actively looking to add more to these positions if we break higher. Well done those following the previous flows traded live here from 3,300 , 6000 and even 9000 ... a superb ride so far. We also have in play...
We are approaching the target in the ABC sequence here from the highs at 187.250. The 76.4% retrace of the previous advance is also supporting underneath at 148.834. To put simply, it is worth considering that the market has fallen enough and I would recommend those on the sell-side to take some off the table with a cautious approach. We are likely to get an...
Here expecting Equities and Yields to perform the same dance till we clear the next important CB combo in September. We are at a crucial point in the cycle, a superb time for short covering to begin and with that the opportunity to ride a temporary correction before ECB/FED Sept. A good example of a positional trade ahead of the ECB beginning to cut further;...
Oppression will continue, eventually this let will continue down towards 1.423%; the target for wave 3. We would have to break higher than 2.02% to question whether the nature of this downside move remains intact. There is a lot of support as we widely tracked here in advance. The bounce over the past few weeks is a corrective process that should not exceed the...
The rally is moving at full speed as expected and we are in the impulsive stages. The main targets for this 3rd wave comes into play at 10127.76 with potential for a 5th wave to continue for the jackpot at 10567.33. A very good chart from a technical perspective, we have discussed Gold on the fundamnetals side in many of the attached charts and will not be...
Those following the previous chart update in Shanghai Composite will know the widely tracked 3,257 highs we called live here all those months ago: Here we are going to dig deeper for the final leg and one more time trade it live, breaking below 2,887 will unlock at least the 2,793. The congestion here will define the nature of the trend, if we break the 61.8%...
Here we have a similar environment to that of EURZAR. The bullish reversal yesterday is implying that the reversal is corrective in nature and will bounce towards resistance at 21.7. The breakout if very tradable if you are not already holding positions, and stops can be kept tight above the 21.073 to sustain the confidence in the reversal formation. To the...
With liquidity fading away it is time to begin range trading in USDCAD. This time the map is very clear; sell the 1.325x highs <=> 1.314x target mid <=> 1.301x target lows. Reassessment only needed above 1.325x. A break below 1.301x will unlock the test of 1.296x which is the ABC target from the highs. Any further is currently locked but with Dollar devaluation...
