Today's Technicals

 
 
AUDUSD: Australian Dollar Melts During the Asian Session
AUSDUSD: We saw the pair rally back into the resistance highs this week to finally have a trade set up worthy of conviction! After rejecting and stalling at the 0.7440 level once again, the pair followed through on Thursday with some extremely b...
Posted 1 year ago
 
EURJPY:- 128.500 Acting As Minor Support On A Heavily Bearish Market
EURJPY:- From our previous post we have seen the price revisit the 129.250 level that acted as such a strong support for the pair now turned into resistance. A rapid Decline after retesting that region saw us once again be supported by the 128.5...
Posted 1 year ago
 
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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year ago