AUD/USD AUD/USD is currently at daily support and the RSI has generated an oversold signal. Price has formed a megaphone pattern, and we may see a move again to the pattern resistance. On the hourly chart price is holding above support at the 0.71059 level, and if price turns bullish I anticipate a move into […]

The price of oil dropped 13% on Friday (26/11/21), marking the commodities worst single day in 2021. A drop in oil prices this large was last seen in January/February 2020, when WTI was making its way down to unprecedented negative per barrel territory. No one expects oil to veer this low again, but the comparison to 2020 […]

29 Nov – 04 Dec, 2021 After tanking many equities at the end of last week, the new coronavirus variant out of South Africa will likely be of primary interest to investors leading to the end of 2021. Nonetheless, the show must go on, and several vital data reports from the world’s major players are […]

Expert Advisors can be a godsend for Forex traders. Automatically finding new opportunities based on your parameters, emotionless trading, timesaving, back-testing – the benefits speak for themselves. However, what if the promise of a Forex EA is too good to be true? What if the hours spent carefully crafting an automated version of your own […]

NZD/JPY has pulled back into support at structure / 50 day moving average / 38.2% fibonacci retracement level. We may see price bounce at the support confluences, as NZD/JPY has a bullish seasonal tendency in November & December.

22 Nov – 26 Nov, 2021   APAC should be hogging most traders’ attention in the first half of the coming week. China and New Zealand take the spotlight up to Wednesday. A sprinkling of US and European data helps to round out the offerings. What Will Traders Be Watching This Week?  22 Nov – […]

Two recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ. […]

USD/CAD is pressing to the upside now, and has just broken the recent daily highs. I’m anticipating a sustained move into the highs lying around the 1.2750 level, which correlates with the fibonacci 61.8% extension level. The CAD ADP Employment Change data is scheduled for later today, and the previous data showed a 9.6K rise […]

AUD/USD has dropped out of resistance yesterday, and is pushing towards the September lows around 0.7180. This comes as leading economist and historically accurate AUD/USD forecaster Clifford Bennett calls for the rate to drop to 0.5800. Certainly, looking for short opportunities at the moment is preferable giving the immediate bear market.