Today's Technicals

 
 
USD/CAD - Time For Another Test Of The Monthly Resistance?
Very choppy price action over the past 6 days for USD/CAD, with low volatility trapping price within a 70 PIP range. This sideways action started once price had broken 1.32700 to the upside, this move came after an enormous bullish run best viewed on...
Posted 9 months ago
 
AUDUSD - Remains Trapped on Major Key Level
AUDUSD: I'm still yet to be convinced that there is further downside momentum to be had on AUD/USD. Although Tuesday saw price dip back below the 0.7400 region we remain above our previous spiked lows at 0.73745 and continue to consolid...
Posted 9 months ago
 
GBP/USD Downside Pressure continues?
GBP/USD Downside Pressure continues?  A rather fast-paced day for GBP/USD, starting off in the early hours with a rejection of the overall downtrend. This is the 4th bounce from this bearish trend-line as displayed on the chart, ideally vie...
Posted 9 months ago
 
NZD/USD - Starts On The Back Foot Today
Last week we saw a big push lower on this pair as we once again came to test the 0.6900 area and as expected, found some support. On the weekly chart we can we had a big rejection from the 0.6900 key level as we printed a large weekly pin bar candles...
Posted 9 months ago
 
GOLD - Surpasses $1260. What next?
GOLD has breached the target of $1260 Per Oz as stated in the last article posted towards the end of last week.  The higher timeframe bias is bearish and the added pressure of the H4 lower-swing-highs continue to push price lower and lower! ...
Posted 9 months ago
 
GBP Is Trying To Hold Its Ground This Morning
GBP is trying to hold its ground this morning as we watch EUR/GBP trying to push through the bank of sell orders sitting above 0.8800.  We can see 0.8820-40 as a strong resistance zone capping the pair for now, though as we noted at the start of...
Posted 9 months ago
 
EURJPY - Structural Break Could Hold The Key
EURJPY: Price has failed to break beyond the significant level of 128.000 as we consolidate around the area currently being trapped by the 128.500 level. There is a series of discrete Higher-Lows forming with a flat resistance creating t...
Posted 9 months ago
 
USD/JPY - Continues To Make Lower-Lows
Following some choppy price action over recent weeks we are now seeing some strong bearish action on this pair. On Friday we saw price once again drop below the important key monthly level of 110.00 as we headed towards the trendline support ...
Posted 9 months ago
 
AUDJPY - Resting On Immediate Support, 82.00 Holds The Key!
AUDJPY: We have seen price remain between two boundaries since March and specifically since May. The supportive region of 81.150 has kept the price from reaching the psychological boundary of 80.00 for 2 months and remains the critical region in...
Posted 9 months ago
 
EURO/Dollar To Continue The Downside Bear Leg
This week EUR/USD made lows of 1.1510, then swiftly snapped back of the daily lows for a closure at the highlighted regional resistance: 1.1660. Price action studies on the lower intraday timeframes suggest a rather steep down move in pending for ...
Posted 10 months ago
 
AUD/USD:- Are We Getting Ready For A Retracement?
AUD/USD:- Has now fallen over 350 pips in the last 10 days! This is without any form of retracement or correction, after rejecting the 0.76500 level to potentially find a base, at the 0.7400 monthly region of support. Thursday we saw the daily candle...
Posted 10 months ago
 
USD/JPY - Another Failed Attempt For This Pair
Another failed attempt to break higher on this pair as we have reached the daily resistance at the 110.70/80 region again. This pair has fallen dramatically, currently by 80 PIPs, to break lower and below the monthly key level of 110.00 which we have...
Posted 10 months ago