Today's Technicals

 
 
AUDUSD:- Remains Stubborn Amid Bearish Speculation
AUDUSD:- The pair has been stuck within a range of just over 100 pips for a total of 31 days so far, having rejected the 0.7440 level of resistance on multiple occasions and falling back to the supportive region of 0.7330. It comes as no surpri...
Posted 1 day ago
 
EUR/JPY: Are We Seeing Early Signs Of A Reversal?
EURJ/PY:- We have seen EJ approaching one of its critical barriers of price 132.000 and after spiking the price point to the absolute T, we could now be in the early stages of looking for a trend reversal. As price enters, what was previously, an ext...
Posted 2 days ago
 
GBP/JPY Perfect Reversal! 145.00 Is Next.
My last tech article highlighted the importance of the upper supply region that had more than enough potential force to trigger GBP/JPY to reverse... At a rate! As displayed on the above H4 timeframe, the weekly support & highlighted demand zo...
Posted 2 days ago
 
AUD/JPY:- Market Slows Down At Critical Region
AUD/JPY:- The pair has now had 4 previous days in which the price has spiked into the resistance region of 83.50 and closed back below this price. This indicates that there is, potentially, a slow down in market momentum and this should be ...
Posted 3 days ago
 
AUD/USD:- Breaks Back Above 0.7400
AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer, after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provi...
Posted 4 days ago
 
GBP/JPY To Tap Into 149.50 And Reverse
GBP/JPY has had a pretty decent run from the weekly rejection of 145.00 not too long ago. Since the pair remained above the daily moving averages, price retaliated fiercely against any intraday 'bearish chop' ultimately pulling the pair ...
Posted 5 days ago
 
EUR/JPY:- A Strong Weekly Closure Indicates EJ Can Go Higher
EUR/JPY:- We have seen the pair over the last few weeks recover in price and smash through all minor resistance zones fulfilling target after target. We currently trade around 131.200 that formed a double rejection of price and acted as a strong...
Posted 5 days ago
 
AUDJPY:- Target Achieved!
AUDJPY:- We have seen the pair climb back towards 83.500 which was given as our first upside target on the previous post. A clean 150 pip rally into the highs has been achieved and profits banked it is now time for us to consider the favoured revers...
Posted 1 week ago
 
USD/CAD Rejection From Not One, But Two Support Barriers!
For the past few weeks, we have had good movement on USD/CAD with a large downside swing from 1.33400 down to 1.31000. As displayed on the chart you can see price attempted 4 significant times to break 1.31000 to the downside however faced rejection ...
Posted 1 week ago
 
AUD/USD:- Can The Australian Dollar Recover
AUD/USD:- On Wednesday we saw the Australian Dollar take a beating against other major currency pairs, especially the USD. Having reached 0.7480, 20 pips shy of my original upside target the currency took a dive and broke back below th...
Posted 1 week ago
 
NZDUSD:- Violent Rejection Off Major Resistance Level
NZD/USD:- The New Zealand Dollar, alongside the other major currency pairs, has taken a beating in the previous weeks after falling from its highs of 0.7400 in April to rebound from a newly formed Lower Low, 0.66890. The weekly candlestick may have g...
Posted 1 week ago
 
EUR/JPY:- Target 1 Achieved!
EUR/JPY:- We have now seen EUR/JPY fulfil its first upside target region of 130.300 and could yet to see a further 100 PIP push to the upside. The currency pair remains strong, although a weak day on Tuesday may lead to a slight correction in pric...
Posted 1 week ago