I am anticipating JPY to get strong across the market. NZDJPY is at good sport to sell as structurally and fundamentally. Sell on strong price action. Good luck, 9
Looks like bond yields have gone risk on but the stock market hasn't caught onto this quiet yet. Heavy resistance incoming, break .79 and the bulls will party
Price this previous week has made a nice correction that was overdue.. Price reached the bottom of the ascending channel, & rejected off structure support (Green zone). Unless that region is broken, I will remain bullish on this pair & will be looking for price to move towards the top of the channel once again.
10 yr looks strong stock market should continue to melt up. Risk on.
looks strong, bond investors taking money out of debt, looking for risk.
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⭐️Key Takeaways⭐️ ✔️ AUDUSD is that risk-on sentiment currency - should monitor SPX for correlations. ✔️ Gold continues to maintain it's bull run but struggled to break above $2000. A correction is gold could signal strength with the buck. ✔️ Small timeframe rounding top action but could transition into a gartley pattern ⭐️Technical Analysis⭐️ As long as the US...
Inverse head on shoulders formation, as price has rejected off support along with the ascending trendline. Will be looking for a break of the neckline for a continuation higher.
Hello analysts and traders. Important updates - we have been holding a short and enjoying the wave ride down to the demand extension zone. The market works in waves - it is incredible. However - we are experiencing at this moment a really nice Fibonacci retracement on the GBP AUD - where AUD is in control more than the GBP despite strong buying net position...
The US 10 Year Bond is probably the most watched metric used to determine the health of the markets. A drop in yields denotes fear and all risk assets are being sold off. The current chart for the 10 Year Bond looks pretty ugly, but it might make the bears quite happy. We are in a giant descending triangle. The formation within the triangle is a very ugly topping...
Hello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart? So...
AUD/USD is probing above the weekly Ichimoku cloud. A close above would be a first since early 2018 and could mean the start of an uptrend that may test 0.8000 eventually. With the economic recovery in China gathering pace, and infrastructure building projects bound to be implemented by China, US and various other governments around the world to support the...
Hello traders and analysts, We have an update to our GBP AUD trading range - price is still very much ranging but we have managed to yet again catch a trade to the upside whilst still hedging the downside movements. Over the end of last week, we saw the Aussie get stronger but was not enough to break through to 1.78 area. so the demand zone still stands and the...
Yesterday's price action was a great example of the rational behaviour of the market participants. As we mentioned in our analysis yesterday, the zone around 12 592 was important for establishing further price development, with the break outside signifying the continuation in that particular direction. Dax oscillated the entire European session before gaining...
China A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!
Price today has rejected off strong resistance at the top (blue zone), where a lot of bearish pressure occurred to break price below support structure. Price is now pulling back to the previous support where I will be looking for a new lower high / retest of broken support as new resistance to be made. Looking left, you can see how powerful moves occurred off this...