Today's Technicals

 
 
DXY: Where To Next?
The DXY has edged higher at the start of this week ahead of ahead of the widely expected US interest rate hike next week but gains were short-lived by growing expectations that the Federal Reserve may express a more cautious view on future rate rises...
Posted 1 day ago
 
EURJPY:- Will Brexit Woe's Cause The Euro To Fall?
EURJPY:- The October Monthly Candle may be the early indication of what is to come with the Brexit Negotiation back in turmoil we may see this reflect badly on the Euro as the continued indecision will drastically affect confidence in ...
Posted 4 days ago
 
AUDUSD:- Await The Break!
AUDUSD:- We can see that the Australian dollar took a heavy beating last week and fulfiled the suggested targets of the previous analysis and continue to fall back into the weekly support regions of 0.72250. This ended up closing the week out ex...
Posted 5 days ago
 
AUDUSD:- Are We Due A Recovery?
AUDUSD:- as we approach the final trading month of the year it will be pivotal on how this month closes out to set up the prevailing trend for 2019.  This year we have seen an impressive 10-month bear trend swinging beautifully to the downside ...
Posted 1 week ago
 
DXY: The Dollar Bulls could be looking to back down this week
The Dollar Bulls could be looking to back down this week as DXY finds itself at a critical level of support again. The index crashed yesterday following Powell's speech to the Economic Club of New York but found itself stalling on the Bullish tre...
Posted 2 weeks ago
 
USD/JPY: 112.00 On The Cards Should We Break Our Trendline
Another great day for our members as we saw some great movement across many pairs and USDJPY played out as predicted.  Since the start of the week we saw the bulls manage to creep higher and higher towards the key monthly resistance leve...
Posted 2 weeks ago
 
DXY: Price Heading To 94.5 In 2019?
With a relatively slow week for the Dollar its time to look at the longer term perspective of where we could see price headed. With the impending rate hikes, I believe that 97.86 is still achievable before year end. Sustained strong economic dat...
Posted 3 weeks ago
 
GOLD: Bears Looking To Break Down Out Of Tight Range
Gold remains in the confine of a relatively tight range at present with some conflicting technicals. Whilst the 1200.00 key support zone in line with the 2008 trend line was beautifully rejected last week, price peaked at around 1228.80 on Wednesday&...
Posted 3 weeks ago
 
USDJPY:- How Much Further Can We Fall?
On Friday of last week we saw price break out of the consolidation range we found ourselves within around the 114.00 key monthly resistance level. Within this zone we can see on my chart price was being pressurised and a break out was imminent as a t...
Posted 3 weeks ago
 
EURNZD:- Major Support Holds Firm
EURNZD:- Over the past couple of weeks the price has been plummeting out the sky with a 1300 pip decline spaced over 6 weeks which has seen a drastic recovery in the currency pair. However, EurNzd may have now reached a support level that could ...
Posted 3 weeks ago
 
USD/CAD: Remains stubborn within range!
Here we go again, viewing USD/CAD on a daily time frame shows the overall sideways bias we have been stuck in for a number of months. On the 1st of October, we saw price action respect strong support at 1.28000, following with bullish movement over t...
Posted 3 weeks ago
 
DXY: All Signs Pointing To Bull Taking Control
DXY technicals are looking crystal clear at the moment with a 61.8% Fib retracement coinciding with a 3rd bounce of the bullish trendline and extending the first target of  97.86 with pinpoint accuracy. Monday this week saw price finally smash t...
Posted 1 month ago