Today's Technicals

 
 
NZDUSD:- Price Plummets After RBNZ
Snap! After a few dry days of consolidation comes the storm....  "What we need to do is stand aside until we see a break out of this consolidation before taking a trade so we can be sure of the next direction. Should we break out to the ...
Posted 10 months ago
 
GBP/JPY 145.00 Floor Broken. Pullback & Short to commence.
From the most recent GBP/JPY article, price action respected the specified technical and eventually snapped the 145.00 monthly support handle.  Here we have the GJ daily chart which clearly displays the price touching onto the 142.500 Weekly ...
Posted 10 months ago
 
NZD/USD - Waiting For The Breakout
After a bearish week last week where price fell from near the top of the range at 0.6830 back to the support area of 0.6730, we are currently seeing price taking a little breather and ranging within an area of consolidation as we struggle to break an...
Posted 10 months ago
 
USD/JPY - Going, going...gone!
Yesterday we once again witnessed choppy price action on this pair as we saw price push lower, testing the trendline support before reversing sharply to the upside to close the day very close to where price had opened. Today however during the Asian ...
Posted 10 months ago
 
EUR/AUD: Finally Breaks The Range!
EUR/AUD remained trapped for 4 weeks consecutively between a 150 PIP range floating around the 1.5800 monthly key level zone. After breaking last week this now provides us with an opportunity for a retest and rejection for a continuation phase entry...
Posted 10 months ago
 
EUR/USD Downside target zone fulfilled. 1.1450 next.
So, last week I stated:  "For added confirmation & trade entry, the 1.1700 (highlighted) level will have to be broken to the downside. Ideally, the H4 candle will have to break and close below for the freefall to commence. 1.1650 sho...
Posted 10 months ago
 
AUDUSD:-Can The RBA Interest Rate Decision Be The Catalyst
AUDUSD:- For yet another week the Australian Dollar remains sideways against the USD. However, after a huge week of fundamentals, the USD remains the strongest currency across the board and will look to have significant movements against some of our ...
Posted 10 months ago
 
GBP/USD:- Another Support Gives Way!
The story for the pound has been a tragic one of late, as today it takes another dive smashing through key support zones. Let's go back a few weeks ago, the British Pound was heading back into positive figures as it was trying to breach past 1...
Posted 10 months ago
 
EUR/JPY:- A Strong Weekly Closure Indicates EJ Can Go Lower
EUR/JPY:- The pair declined as suggested from last weeks high of 131.100 breaking back below the weekly key level of 130.000. On the higher timeframes, we saw price close firmly to the downside with an aggressive sell-off in the final 3 day...
Posted 10 months ago
 
NZD/USD:- Expect Some Volatility On This Pair!
Yesterday we saw the biggest move of the week so far on this pair, as price managed to break the counter trend line and triangle pattern I marked out on my chart earlier in the week. As explained, it was a waiting game for the break of this triangle ...
Posted 10 months ago
 
USD/JPY: Fundamentals Provide Catalyst For The Bulls To Keep Control
Following my previous analysis on this pair as explained, price exploded out of the triangle pattern that had been formed on the 4-hour chart and an inverse head and shoulders pattern was also produced.  Price was being compressed to the nose...
Posted 10 months ago
 
NZD/USD:- What Impact Will The Fundamentals Have This Week?
Analysing this pair on the higher time frames and reviewing recent weeks, we can see this pair, like many of the USD crosses, has had little movement and has not traded outside of a 150 PIP range between the monthly key level of support at 0.6700 and...
Posted 10 months ago