Today's Technicals

 
 
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 1 year 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 1 year ago
 
AUD/JPY:- BOJ Fails To Deliver, Gives AJ A New Lease Of Life
AUD/JPY:- After the recent decline from the key price zone of 84.000, we found a bottom at the key level of support 82.000 and have since looked to rebound from this region. The Bank Of Japan failed to deliver on the rumours circulating that the...
Posted 1 year ago
 
AUD/USD:- Once Again Reaches Critical Resistance Level
AUD/USD:- You would be forgiven if you have taken AUD/USD off your watchlist in recent times as price continuously remains trapped within a 130 pip range. For the 6th consecutive week, we can see that price has struggled to break the lower ...
Posted 1 year ago
 
EUR/USD To Follow Through With Weekly Bearish Closure?
Once again, EUR is back playing around 1.1925 weekly resistance whilst the pair consolidates between a 160 PIP range - (1.1740 - 1.1580). Due to the bearish weekly closure which engulfed the previous 4 trading weeks, it's highly probable that ...
Posted 1 year ago
 
EUR/JPY:- All Eyes On Bank Of Japan Monetary Policy Statement
EUR/JPY:- We have seen the pair retrace from the highs of 132.000 having previously acted as a strong support and resistance barrier in the past, it's no surprise price struggled to break through this level. With BOJ on the horizon, in the e...
Posted 1 year ago
 
USD/JPY: Coming Into The Week Ahead, Price Is At A Critical Level
Two weeks ago price action failed to break the 113.00 region and we saw a sharp decline in price, as we fell 170 pips to close the week at 111.40. This printed a very bearish weekly candlestick with shooting star and Marubozo characteristics signalin...
Posted 1 year ago
 
EUR/USD Bullish Leg Into 1.1800?
It's been a relatively sluggish week for the EURO thus far, however, after yesterday's US session intraday advancement we may be lining up for another upside leg! As displayed on the above hourly timeframe, the pair was forced back into th...
Posted 1 year ago
 
GBP/USD: Pullback Or Reversal?
Currently trading at 1.31000, the price seems to be testing our daily key level for the past 24hours. Last week we saw the price hit a significant low of 1.30000 that is also a major psychological level. Once hitting this support, price formed an ins...
Posted 1 year ago
 
AUDUSD:- Remains Stubborn Amid Bearish Speculation
AUDUSD:- The pair has been stuck within a range of just over 100 pips for a total of 31 days so far, having rejected the 0.7440 level of resistance on multiple occasions and falling back to the supportive region of 0.7330. It comes as no surpri...
Posted 1 year ago
 
EUR/JPY: Are We Seeing Early Signs Of A Reversal?
EURJ/PY:- We have seen EJ approaching one of its critical barriers of price 132.000 and after spiking the price point to the absolute T, we could now be in the early stages of looking for a trend reversal. As price enters, what was previously, an ext...
Posted 1 year ago
 
GBP/JPY Perfect Reversal! 145.00 Is Next.
My last tech article highlighted the importance of the upper supply region that had more than enough potential force to trigger GBP/JPY to reverse... At a rate! As displayed on the above H4 timeframe, the weekly support & highlighted demand zo...
Posted 1 year ago