Introduction In a remarkable turn of events, equity and bond markets have recently experienced a significant surge, largely driven by data suggesting a slowdown in inflation. This development has sparked widespread speculation that the Federal Reserve may pivot from its …
Understanding the Recent Rally of the AUD Against the USD Last week marked a significant uptick for the Australian Dollar, which surged as the US Dollar faced a downturn, triggering a notable drop in Treasury yields. The benchmark 10-year note, …
GbpCad- Correction seems over. 1.6 next? A few days back I drew attention to the possibility of reversal for GbpAud from the strong level of resistance.After a hanging man on Friday and a strong red day yesterday, the pair looks …
AudJpy- Where to sell for 1:3 R:R Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.This level …
Gold- 500 pips target hit! Now what? As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop.The “major target for bears” was hit yesterday …
Gold’s Descent: Breaking support and looking ahead Yesterday was not a bad day for Gold bears, with the price dropping around 150 pips, but more importantly, breaking under important confluence support around 1915.As explained in yesterday’s post, this was the …
EurNzd could reach 1.9 by year’s end EurNzd is a very volatile pair and for sure is very risky to trade it in the short term, however, if you take a look at the longer picture and ignore 100+ pips …
UsdCad- Break above resistance next? After the low from mid-July, UsdCad has started to reverse and after the small correction from last week, last Friday was also marked by an immense Bullish Engulfing from short-term support which led the pair …
NzdJpy could test 90 zone Since the beginning of July, NzdJpy is pretty choppy, with spikes up and down.However, the trend is still up, and with a very weak JPY we can expect a new leg up.Also, yesterday the price …
AudUsd is trading in support After the double bottom in the important support area at 0.66, AudUsd has risen strongly and reached 0.69 resistance given by the previous high.At this moment the pair is rolling back down in a normal …
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