Currency

The CAC displays a strong, bullish trend structure coupled with shallow pullbacks into the 8/21 eMA’s. Having broken to a new multi-month high it appears set to extend its trend. Ideally, we’ll see a retracement towards the original breakout level, although momentum is strong so perhaps one to consider for bullish setups on the intraday […]

Citing its near-4% decline from the highs and exhaustion candles beneath its lower Keltner, we highlighted Gold’s potential to mean revert last week. Having rebounded 2.4% from its low, we suspect a corrective top could be in place. Key points: March tends to be a weak month for gold, looking at its seasonal averages Gold’s […]

XRPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   Yesterday, March 13, the XRP price was in a bullish trend. In the previous day, the bulls and the bears were struggling below the 12-day EMA and the 26-day EMA at a price of $0.31. Yesterday, […]

WTI has broken above $58 resistance with its most bullish session in two weeks. With two distinct hammer lows improving its trend structure, its recent correction found support around its bed of moving averages, and price action is beginning to look clearer as bears get shaken out of their trade. Adjusted for open interest, net-long exposure […]

With US treasury yields starting to turn lower, just as the S&P500 hesitates at critical highs, we take a look at the bigger picture to see if sentiment could be about to turn for the worst. Since topping out in late November, the decline invalidated the September ’18 trendline and confirmed a primary trend reversal […]

Although the trend points lower, mean reversion appears likely over the near-term according to some indications. Z-score, consecutive days and lower Keltner-band test suggest mean-reversion Potential for a rebound towards 1.0370 before heading lower Trend remains bearish below 1.0490   Granted, AUD/NZD may not be a go-to currency choice for some, yet its bearish trend […]

The highs around 2,800 were always going to be closely watched levels. But we’d noted a couple of times over the past two weeks that the area could trigger a correction, given the rally from the 2018 lows had lacked any real mean reversion. With a clear bearish engulfing candle having now formed, we the […]

A summary of the weekly Commitment of Traders Report (COTS) from CFTC to show market positioning. Among FX majors, JPY saw the largest weekly change as bears increased their net short exposure by 11.7k contracts. Volume changes were fairly-light elsewhere for FX majors (all below 10k). 84% of large speculators are long on DXY (US […]

ETHUSD Long-term Trend – Ranging   • Distribution territories: $180, $200, $220 • Accumulation territories: $100, $80, $60   Ethereum’s price is seeing various ups and downs, as it has been doing in the last few weeks. The cryptocurrency is trading between the $140 and $120 zones. On March 5, it managed to move up […]

EUR/USD is licking its wounds near its 21-month low ahead of today’s NFP report, and were closely watching today’s close at it could be the difference between a breakout or a fakeout. City Index: Spread Betting, CFD and Forex Trading on 12,000+ global markets including Indices, Shares, Forex and Bitcoin.Click here to find out more..