Everything FX

AUD/USD:- A New Low Has Formed! Wha...

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AUD/USD:- As suggested, we have now fulfilled the monthly key level of 0.7400 that has previously acted as a crucial barrier of support, back in May and June of last year. Here we are 12 months later and the scenario looks slightly differen...

Posted 2 hours ago

GBP/USD: Where Is The Next Support?...

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Last week we watched the continuous battle between the bulls and the bears on GBP/USD. After creating higher highs, we saw the market top at 1.34500, with an incredible downfall due to better than expected USD data. Fast forward to yesterday we watch...

Posted 18 hours ago

USD/JPY: Big Moves With This Pair...

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Big moves with this pair during the last Asian session as we saw price fall from where we had been stalling over the past week, around the 110.50/60 area, to break 100 PIPs lower to the 109.50/60 region. A strong break of the daily trend line and the...

Posted 20 hours ago

AUD/JPY:- Overnight Strength Sees A...

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AUD/JPY:- The Asian session has seen the majority of Japanese Yen pairs increase in strength, as they look to continue their bullish run for the remainder of the week. The weekly closure was an early warning sign to suggest what was about t...

Posted 1 day ago

USD/JPY: A Rejection From 110.30 Du...

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A slow day for this pair as we see little movement since this weeks market open. The biggest move to happen so far with this pair is a rejection from 110.30, during the Asian session, to recover around 25 PIPS to the upside, giving us some indication...

Posted 1 day ago

The Downfall of GBP/JPY. 142.50 Her...

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My last article based on the GBP/JPY stated that the pair is due for a downfall after price rejected 147.50 Resistance on the daily timeframe. As of the time of writing, the price is playing with the 146.43 area in which I see breaking by th...

Posted 2 days ago

EUR/JPY:- A Short Recovery Before A...

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EUR/JPY:- On Thursday, we saw the ECB press conference be the catalyst to sink price. After retesting the 130.000 level on multiple occasions, we finally saw the dump in price traders were eagerly anticipating. Thursday's candle saw a 200 PI...

Posted 2 days ago

AUD/USD:- As The Market Crumbles, A...

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AUD/USD:- As the Federal Reserve raised interests rates, the market was waiting on a reaction that never came on Wednesday evening. However, Thursday brought about an extremely prosperous day, as traders around the world benefitted from the...

Posted 5 days ago

NZD/USD: Patience Pays!...

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After 8 days of consolidation and having to sit on our hands whilst we wait for this pair to figure out which direction it wanted to take next, we finally got the breakout from the consolidation zone we had been eagerly watching for. As explained in ...

Posted 5 days ago

EUR/USD Bearish Price Action Playin...

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An update on the EUR/USD... Earlier this morning we witnessed a volatile stop-hunt through the highlighted box region resistance (1.1850) before the price plummeted, tearing through weekly support: 1.1725. The Daily resistance: 1.1822 held f...

Posted 5 days ago

GBP/USD - What Goes Up, Sharply Com...

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This morning GBP/USD caught good momentum to the upside with the help of positive GBP Retail Sales being released at 1.3%. This was a massive outcome over the expected 0.5%. This helped Sterling climb to almost 1.34500 against the US Dollar, all...

Posted 5 days ago

USD/JPY - Fed Give Bears The Upper-...

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Yesterday we awaited the eagerly anticipated results from the Federal Reserve regarding the current interest rates. The results of the meeting were raising the benchmark rate by a quarter per cent to 2.0 % from 1.75%. This had a knee-jerk reaction wi...

Posted 5 days ago

AUDJPY:- Employment Change Causes A...

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AUDJPY:- Tuesdays Closure was the early warning signal, as to what was to be expected from the Australian data that was released in the early hours of Thursday Morning. Employment Data came out far worse than expected at 12k than the forecasted ...

Posted 6 days ago

EURJPY:- Stubborn But Consistent, E...

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EURJPY:- Trust in the process and have a little patience is the key to this pair, with both bullish and bearish scenarios available. A break above the resistance level of 130.270, and a daily closure past this point, would be the signal needed for th...

Posted 6 days ago

NZD/USD - Multiple Dojis Forming Le...

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Not much has changed with this pair since our last post on the 5th June 2018, where we had finally seen some bullish movement with a breakout to the upside which we had expected and explained would happen, heading towards the 0.7100 area. We had s...

Posted 6 days ago

AUD/USD - Tuesday Has Left Investor...

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Tuesday's price action left little to the imagination as price attempted to push higher only to reach the 0.7620 region and fall back below the weekly support at 0.75750. The strong daily closure has given us the warning signs there may be a s...

Posted 1 week ago

EUR/USD Short Selloff Setup. ...

4 Comments

EUR/USD has been stalling at the already given 1.1822 daily resistance level recently with the last EFX technical post stating 'Wait for a reversal or breakout". Studies of price action today suggest a reversal is imminent... However, we ...

Posted 1 week ago

GBP/USD Has The Pullback Started?...

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This morning’s Average Earnings Index released this morning with a result of 2.5% just as expected, this has pushed pound slightly higher against the US Dollar. We have seen this pair swing from a downtrend into an uptrend in the past few weeks...

Posted 1 week ago

USD/JPY: A Strong Start To The Week...

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We have seen a strong start to the week with this pair forming a large bullish engulfing candle on the daily chart printed yesterday. After price rejecting the monthly key level of 110.00 last week and failing back towards the 109.00 area, the only s...

Posted 1 week ago

AUD/USD:- Awaiting A Breakout For A...

1 Comments

AUDUSD:- A choppy market continues to dominate this pair. We remain trapped between the descending trendline, and the ascending C.T.L, that has supported the price consistently over the last couple of weeks. Once again, we have failed to br...

Posted 1 week ago

Further Decline For GBP/AUD?...

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GBP/AUD has been trapped in consolidation for over a week with 1.7700 being a heavy area of resistance. Daily price action remains bearish for now, respecting the bearish moving averages at a squeeze. Main support: 1.7500 which is expected t...

Posted 1 week ago

XAU/USD - $1287 Per Oz Expected On ...

3 Comments

GOLD has been extremely messy over the last few days with lots of chop and many spikes which caught traders off guard. Coming into the new trading week we see that price action is formulating a solid boundary or resistance in between $1300-$...

Posted 1 week ago

AUD/USD - Confluences Are Lining Up...

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AUD/USD as the confluences aligned after retesting the major key level of resistance at 0.76500. This came into confluence with our favoured Fibonacci region and a retest of the descending trendline. We could now expect the pair to break the serie...

Posted 1 week ago

USD/CAD - Has This Pair Broken Out ...

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Looking back since April this current year, USD/CAD has been trapped within two ranges. Firstly we watched price battle 1.27500 to 1.29000 with any upside then pushing the pair to use 1.29000 as a support with 1.29750 as resistance. This has been goi...

Posted 1 week ago

GBP/JPY - Daily Lower Swing High? B...

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The recent price breach of the highlighted zone: 147.50 swiftly reversed to create a new daily lower swing point, with 148.11 being the high of the week! Price declined on the follow through around 60/70 PIPs overnight with further downside expected ...

Posted 1 week ago

EUR/USD - Can We Push Further to 1....

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EURO experienced a sudden shift in direction after being trapped in consolidation at the start of this week. After the pair tapped weekly resistance: 1.1725, it remained trapped with three support tests of 1.1650 (Psychological level) before swiftly ...

Posted 1 week ago

AUDJPY - A larger Correction In Pla...

1 Comments

We have seen AUDJPY in the last few days form both bullish and bearish signals. From a larger time perspective, the pair has been consolidated between 84.50 and the lower regions around 81.00. If the entire structure was to break higher this ...

Posted 1 week ago

Cross JPY Gains Leading The Way Tod...

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Cross JPY gains leading the way today, lifting the spot rates to suggest a move lower in the USD, which looks to be a function of USD/JPY resistance above 110.00. EUR/JPY is performing well among the risk of risk related pairs, and as such we are ...

Posted 1 week ago

AUDUSD Rests Cautiously At A Major ...

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We did, in fact, see the surge of AUD as the price went and reached the 0.76500 level on Monday and has since stalled at this level. As price looks to be at a critical junction of 0.76500 we will either see a continuation to the upside or a reje...

Posted 2 weeks ago

USD/JPY - Will Bulls Continue to Do...

2 Comments

Yesterday we saw a mixed and indecisive day on this pair as we saw price reach the monthly key resistance level of 110.00, pushing higher around 30 PIPs on the day before falling around 50 PIPs to retest the 109.50 area. We can see from this price ac...

Posted 2 weeks ago

GBP/USD - Is Everything Is Lining U...

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A good start to GBP/USD early this week, with the help of strong GBP Services PMI numbers being released this morning. This better than expected news also lined up technically with our 61.8 FIB level, after a short pullback yesterday evening. ...

Posted 2 weeks ago

GBP/JPY To 147.50 then decline?...

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GBP/JPY edging higher to a major zone: 147.50, continuously respecting H4 key levels with the most recent higher low point: 145.80 being the most significant. The highlighted region (Green) is a major area for a potential sell-off, a huge on...

Posted 2 weeks ago

AUDJPY: The RBA Leaves Little To Th...

2 Comments

We have seen this pair accelerate over the last few days as we rejected the lows of 81.220 and rally back towards the 84.000 to the major resistance region. In the early hours of Monday morning, we saw Retail Sales come out better than expected ...

Posted 2 weeks ago

NZD/USD - Is There No Stopping This...

1 Comments

Another positive day on this pair as we continue the bullish momentum heading towards my long-term target and monthly key level of 0.7100. Since the last rejection of 0.9600, the price has seen a strong bullish run where it broke out of the triang...

Posted 2 weeks ago

EURJPY:- How Much Further Can EJ Go...

4 Comments

EURJPY:- The pair has looked extremely bearish over the last couple of months after the significant fall in price back in February 2018. Having made a multi-year high at 137.500 the price has fallen almost 1300 pips since then making a current...

Posted 2 weeks ago

NZD/USD - Set to Create another Hig...

1 Comments

This pair has tested our patience since my long trade was given two weeks ago around the 0.6900 area. Since we managed to reject this level and show some bullish behaviour, we have seen the price has still been trapped in a type off consolidate zone ...

Posted 2 weeks ago

USD/JPY - Breaks Support, Where Wil...

4 Comments

Last week we saw this pair breach the important support of 109.00, falling to lows of 108.12, which was 12 pips away from our next support at 108.00. Though we managed to break these supports, towards the end of the week on Thursday and&nbs...

Posted 2 weeks ago

GBP/USD - We Seem To Be Rebounding ...

2 Comments

Welcome to another new week in the markets! As we catch up with GBP/USD we seem to be rebounding after the previous few weeks of negative data and overall bearish bias. Technically we have hit a major support at 1.32500, looking back to October 2017 ...

Posted 2 weeks ago

AUD/USD - Can The RBA Interest Rate...

3 Comments

AUDUSD: We have seen the currency pair make discrete higher highs and higher lows in recent weeks, with price, really struggling to maintain bearish momentum below the 0.7500 price point. On Wednesday the 30th of May we saw a large bullish candl...

Posted 2 weeks ago

GBP/JPY - Will The Bears Take Charg...

3 Comments

GBPJPY experienced a rebound from the multi-month lows, breaking back above 145.00 providing a bullish weekly closure. As the pair stalls at Daily resistance, we must consider the possibility of a price declining back into the 150.00 regions...

Posted 2 weeks ago

EUR/USD - Euro Remains Undecided Fo...

6 Comments

Euro closed in an indecisive manner last week with lows of 1.1511 being tapped. Momentum is most definitely bearish and we saw last week's lows being reached once more over the coming few days. My personal preference is to short the pair...

Posted 2 weeks ago

USD/CAD - Will USD/CAD Fall or Rise...

6 Comments

This pair has been on a roller coaster this past week with a significant drop on Wednesday, falling from the 1.30000 psychological level down to 1.28250 approaching our monthly zone. However, the very next day price spiked back to the upside on ...

Posted 2 weeks ago

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