Today's Technicals

 
 
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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months 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 10 months ago