Today's Technicals

 
 
AUD/USD:- A New Low Has Formed! What To Expect Next?
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?
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
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 AJ Smash Through Targets!
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 During The Asian Session
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 Here She Comes.
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 Rapid Decline
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, AUD Falls With It
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!
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 Playing Out.
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 Comes Back Down!?
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-Hand
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 Drastic Drop
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, ECB Interest Rates Highlighted
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 Leaving Uncertainty In The Market
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 Investors Short On The Australian Dollar
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.
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?
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
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 Long Term Set Up
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?
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 GOLD Over The Next Few Days!
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 For 0.7400
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 Of Its Range?
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? Back to 145.00
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 1.1925
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 Place Or Simply Just A Higher Retest
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 Today, Lifting The Spot Rates To Suggest A Move Lower In The USD
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 key Level Ahead of Q1 GDP
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 Dominate This Pair?
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 Up For A Bullish Run?
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?
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 The Imagination As Price Reaches Major Key Level
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 Pair?
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!
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 Higher-Low Before Bulls Run Riot
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 Will It Go Next?
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 After The Previous Few Weeks Of Negative data
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 Decision Be The Catalyst For A Correction
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 Charge And Force GBPJPY Back Down To 150.00
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 Following Last Weeks Activity
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?
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