Author

Editor

Akif SH. Din MSTA, CFTe, 2018 Bronwen Wood Memorial Prize Winner, has a solid understanding of global markets, fundamental analysis as well as having a vast amount of knowledge in technical analysis. Akif has experience as a proprietary trader, fund manager and technical analyst and has analysed & traded various asset classes including, G10 & EM FX, Fixed Income, European Equity Indices, Energy, Agricultural and Soft Commodities as well as trading derivatives.

Akif first studied at LAT London gaining an ABE Level 5 Diploma in Professional Applied Financial Market Trading with Futures & Options and gained the highest ever mark attained since the course began.

Akif is a member of the Society of Technical Analysts (STA) and holds the best technical analysis paper of 2018. In 2019, Akif was bestowed with the prestigious Bronwen Wood Memorial Award, an honour only a few hold. He is also a Certified Financial Technician accredited by the International Federation of Technical Analysts (IFTA).


Intermediate

GBP/USD Breaks Out of Bearish Pitchfork: Key Resistance Levels to Watch

Sterling has staged an impressive rally as GBP/USD posting its biggest 2-day rally in 10 months with an index posting a 0.63% rise over the same period. A trade weighted GBP index was trading down 0.73% earlier this week, until the currency caught a broad bid on Wednesday & Thursday as No-Deal Brexit fears faded.  … Continued

Intermediate

Copper Continues To Drop Towards Key L/T Fibo

Copper Futures continue to decline to its lowest since Q2 2017 as a grim global outlook persists and fading prospects of a de-escalation of the U.S.-China trade spat hits sentiment. USD strength is also weighing on Copper as a stronger dollar pushes down dollar-denominated commodities. Market sustains negative angle of attack as it drops through … Continued

Intermediate

FTSE: Posts worst monthly slide since October 2018

BEARISH; Risks remain skewed to the downside for the UK benchmark despite late recovery attempts. Benchmark FTSE 100 closed higher this week for the first time in August after selling off for 4 consecuvtive weeks. The export-heavy index got crushed by sterling’s recovery, U.S.-China trade spat and a sharp drop in mining stocks. Miners were … Continued

Intermediate

GBP/USD suffers at Upper AP line as Brexit headlines hit GBP markets

Sterling took a hit across the board after headlines about the British government possibly asking the Queen to prorogue parliament.  Gilts pushed higher in response with cable taking a knock to touch its lowest in 4 days.  The pair touched its highest since July, but a bearish Andrews Pitchfork scuppered further upside.  AP keeps dynamic … Continued

Intermediate

FTSE: Correction higher facing headwinds – Daily Technicals

DAILY:  BEARISH; Upside fails to materialise as mkt falls back towards 7132 – 50% retrace FTSE fell sharply as the U.S. FED dampened hopes of hefty interest rate cuts, while exporter stocks slipped as GBP rose after Brexit related comments from German chancellor Angela Merkel (read our GBP/USD piece) Fundamentals fall inline with our already … Continued

Intermediate

GBP catches a solid bid – breaks above Median Andrew Pitchfork line

Sterling jumped on Thursday after Germany’s Angela Merkel says Brexit backstop solution is possible by October 31st. In response GBP/USD pushed to its highest since late July, breaking above the median line of a bearish Andrews Pitchfork. Close above 1.2249/50 could allow GBP to continue higher, targeting the following key upside levels:  c.1.2335 – Upper … Continued

Intermediate

FTSE 100 Daily, Intra Technicals

DAILY FTSE 100: BEARISH; Market continues its bounce of lows. UK benchmark continues rally from Aug lows @ 7020 set last Thursday, trading back above the 50% retrace of the Dec18-Jul19 uptrend. Market remains negative on the medium term as it trades below our key EMA’s. 50/21 EMA’s continue trending lower, 200 begins to tilt … Continued

Intermediate

GOLD: Holding Near Highs After This Weeks Surge. 1509 Key

GOLD broke the 1500 level for the first time since 2013, a psychologically important figure. In our prior post we highlighted topside targets to GOLD as the precious metal pushed out of a consolidation pattern. Safe haven demand has underpinned GOLD amid rising global trade tensions and as the global economic picture becomes more gloomy. Central banks … Continued

Intermediate

Copper Holds Below Key Trendline

We downgrade our neutral conviction stated in our prior post on Copper to Short.  Bears finally pierced a major uptrend line dating back from 2016. Trendline, now at 2.6099 may offer bears further opportunities to sell on retracements.  Trending setups reinforce the near-term negativity as 50/21-Week EMA’s continue lower. Momentum setups too confirm bear themes as MACD … Continued

Intermediate

Golden Breakout: Potential for 1,486 for spot gold

We upgrade our neutral conviction on GOLD, mentioned in our prior post, to buy. Yesterday saw a solid 1.3% rise in XAUUSD on the back of a weaker USD, Middle East tensions and Ray Dalio comments. The precious metal broke above key 1,438.63 resistance and a consolidation pattern. A close near the top reinforces bull … Continued

Intermediate

US Dollar Index Holds key Support Post CPI Data, Powell day 2 eyed

DXY continues to grip key Fibonacci support post U.S. CPI data U.S. June Core CPI comes in at 0.3%, its largest monthly increase since Jan 2018. US Treasury Yields rally. EuroDollar & Fed Funds Futures drop, suggesting lower chance of rate cut. After yesterday’s rejection and 0.45% selloff from the 61.8% fibo at 97.15 of … Continued

Intermediate

COMMODITY Key Levels. GOLD, WTI, COPPER

GOLD SPOT: Approaching key support; We remain neutral on our gold position as the precious metal continues to slide from 6-year highs. Market closed below 23.6% fibo at 1,398.38 (May-June rally) reinforcing near-term negativity and potential overstretched conditions. Key support lies at 1,381 in line with an up sloping 21-Day EMA. Break below this level … Continued

Intermediate

AUD Crosses at Key Levels – AUD Chart Pack

In this special publication, we go through a number of AUD/X charts & setups that have caught our attention. We find the AUD at critical areas, which could dictate the directional bias of the AUDTWI in the 2H 2019. Across our momentum breadth studies for 19 AUD/X pairs: RSI Breadth – 68% bullish. However, divergence … Continued

Intermediate

G10 FX Monthly Candlesticks June 2019

Summary of the June monthly candlestick, along with trending & momentum developments across G-10 FX and implications for months ahead. EURUSD Monthly Candle: Strong bull candle with close above April & May highs. Large body shows strong sentiment. Implication: Trimming losses after April/May show indecision through long legged Doji and Spinning Top patterns. Confirms a … Continued