Today's Technicals

 
 
AUD/JPY:- A Break Of The Range Will Lead Us To 84
AUDJPY:- Price has been trapped in a sideways market making equal highs and equal lows below the 82.00 weekly resistance level, failing once again to maintain any form of momentum when trading at 81.150. Higher time frame analysis suggests that there...
Posted 9 months ago
 
NZD/USD: Target Hit!
We have had a steady decline in the past month, with price falling from highs in the 0.7000 region, dropping 300 PIPs to my long-term target of 0.6700. This level was hit yesterday, dropping 90 PIPs for the day to reach the key monthly support level....
Posted 9 months ago
 
USD/CAD Can We Call This A Reversal?
Last week we watched price contained in consolidation for up to a week, whilst still trying to break for further upside. However, after two failed rejections of our monthly 1.34000 region, the price has now slammed towards the downside. The firs...
Posted 9 months ago
 
EUR/JPY:- Ready For A Reversal
EURJPY:- Although this pair may have caught us out last week with a fake break out, it's not the end of the world as the daily candlestick indicates something significant about a trend direction. Now, as a predominantly medium term swing tra...
Posted 9 months ago
 
AUDUSD:- Is A Correction Necessary Or Not?
AUDUSD: Whilst we let the dust settle over the weekend on the currency pairs we come back to this market after a strong bullish day across many of the majors on Friday. Aud moved the least in the number of pips and could be in for a catch up in ...
Posted 9 months ago
 
USD/JPY - Will We Finally Find A Direction With This Pair?!
It has been a pretty gruelling past month on this pair for many traders, mainly swing traders who are trying to capture hundreds of PIPs per trade, but a playground for and scalpers as this is definitely their market right now. For the past twenty...
Posted 9 months ago
 
USD/JPY - Strong bullish momentum from this pair but can we maintain??
Following my previous analysis on this pair, we are still trading within the 150 pip range between the 109.30 support level and the 110.80 resistance area highlighted on my chart. On Wednesday I explained we had some bullish momentum in this market a...
Posted 9 months ago
 
EUR/USD - Asian Session SURGE To Reverse?
EUR/USD Surged throughout the Asian session sending a shockwave of a surprise to new sellers. The Euro rallied over 100 PIPs alongside GBP/USD as both currency pairs sank into harsh supportive lows. There was indeed some macroeconomic noise howeve...
Posted 9 months ago
 
EUR/JPY - Price Soars Overnight!
EURJPY: Overnight we have seen the currency pair gain nearly 140 PIPs to the upside without any real warning. It is fair to say I preferred a strong bearish bias having broken structure of the triangular formation and expected further conti...
Posted 9 months ago
 
NZD/USD - Kiwi Continues To Crumble
Further decline once again as we see yet another bearish day for the Kiwi. Nice easy to read price action on this pair as once again we see this currency cross like to play out to technical's perfectly. On the daily chart shown we can easily s...
Posted 9 months ago
 
AUD/JPY - Consolidation Range Broken!
AUDJPY: Over the past few days, we have seen price move sideways stuck between the highlighted box that was drawn on at the start of the week. On Wednesday we had a full-bodied candle stick closure below the supportive wick region, indicati...
Posted 9 months ago
 
USD/JPY - Another Day, Another Retest Of 110.00
Another day, another retest of 110.00. Demonstrated in my chart today we can see the previous eighteen days of price action that has been range bound between 109.30 and 110.80, meaning no more than 150 PIPs of movement within the past three weeks. We...
Posted 9 months ago