A clear price rejection of the 1.23 zone leads the way for trend continuation lower. If the pair does experience a bounce from current levels this 1.23 area will be hard to breakthrough. Stocks are coming under pressure into year-end as the Omicron variant continues to spread. The low yielding CHF should continue to drive higher in such conditions. The GBP rate...
Good day to you all! US Stocks have continued to hold gains up at current levels for some time now but have equally been failing to create any fresh all time highs. We believe this is a reflection of a number of macro reasons such as new covid fears, looming tightening of monetary policy and so on. However, it has pushed the NAS100 into a space we really...
This is vanilla set up for our Naked trade strategy. Bullish pins bars at daily support give a high probability of a potential reversal. We have a 2 exit strategy based on a resistance zones , with stops below the double bottom.
Good afternoon everyone, Today we're looking at a possible bear breakout in the CAD/CHF. The CAD/CHF has been trading lower whilst CAD has been slipping with Oil prices and safe-haven money flows from risk on assets into the risk off assets. At the moment, our beliefs are that this pair could potentially have a ways to go before it continues its bullish wave...
Good afternoon all, By the looks of things, it seems as though the GBP/NZD is setting up for something big. At least, larger than has been recently at play in the pair. We can see price continuing to trade within its recent parameters of the descending level and the liquidity pool below which is situated at approximately 1.91800. We expect price to continue...
Good afternoon all! There seems to be a possible break of the channel structure currently in motion in (XPD) Palladium. We have been witness to a series of nice impulsive and correctives whilst the channel has been in play but it seems, to us anyway, that the channel could be coming to a potential turning point in the market. Should price complete a full...
Good afternoon folks, Happy Friday! On our hunt for some potential ideas forming this morning, we came across an opportunity in the EUR/NZD. At the moment price seems to have formed a nice higher low and has surged to the upside with a particular degree of momentum. Given that we have such a huge gap away from our 8EMA, I would expect the gap close to be well...
Good afternoon! Judging from where we've come from, beliefs are that price could continue a surge to the upside following either today's NYO or tomorrow's. Should price break out of the supply (then turned demand) zone of approximately 15440.00, we could see the NAS delivery another cracking move (similar again to the one seen on Monday of this week) to...
Good afternoon! We've been closely monitoring the NAS100 in anticipation of the breakout of the institutional liquidity pool sitting up at around the 15400.00 level. First however, we are expecting a price corrective and retest back inside the demand zone based at approximately 15200.00. Should this corrective take place and price decreases, it would certainly...
Good morning folks, TheTradingRoom here, Yesterday saw safehaven capital flow from the USD into Gold as the United States CPI data came in at a miss across the board. CPI data can have both a positive and negative affect at the same time in our financial markets given that CPI is a strong indication of inflation which is actually a sign (should data come out...
Good afternoon Folks, We hope you're well, Today we have been presented with an opportunity in the S&P500 stock index. Price has recently completed a breakout below support to press its way down to the daily liquidity zone. This liquidity zone is the area in which the MP's (majorplayers) will be aiming to trigger their long positions buying into the longer...
Good morning ALL! Hope you're well, We can currently see XPT running for a channel break of the lower channel limit this morning as price seems to have began its equilibrium continuation. The equilibrium zone in a chart represents an equal number of buyers and sellers creating a price harmony seen by most as a "range". At the moment our view is for this metal...