Today's Technicals

 
 
EUR/JPY:- A Short Recovery Before A Rapid Decline
EUR/JPY:- On Thursday, we saw the ECB press conference be the catalyst to sink price. After retesting the 130.000 level on multiple occasions, we finally saw the dump in price traders were eagerly anticipating. Thursday's candle saw a 200 PI...
Posted 1 year ago
 
AUD/USD:- As The Market Crumbles, AUD Falls With It
AUD/USD:- As the Federal Reserve raised interests rates, the market was waiting on a reaction that never came on Wednesday evening. However, Thursday brought about an extremely prosperous day, as traders around the world benefitted from the...
Posted 1 year ago
 
NZD/USD: Patience Pays!
After 8 days of consolidation and having to sit on our hands whilst we wait for this pair to figure out which direction it wanted to take next, we finally got the breakout from the consolidation zone we had been eagerly watching for. As explained in ...
Posted 1 year ago
 
EUR/USD Bearish Price Action Playing Out.
An update on the EUR/USD... Earlier this morning we witnessed a volatile stop-hunt through the highlighted box region resistance (1.1850) before the price plummeted, tearing through weekly support: 1.1725.  The Daily resistance: 1.1822 held f...
Posted 1 year ago
 
GBP/USD - What Goes Up, Sharply Comes Back Down!?
This morning GBP/USD caught good momentum to the upside with the help of positive GBP Retail Sales being released at 1.3%. This was a massive outcome over the expected 0.5%. This helped Sterling climb to almost 1.34500 against the US Dollar, all...
Posted 1 year ago
 
USD/JPY - Fed Give Bears The Upper-Hand
Yesterday we awaited the eagerly anticipated results from the Federal Reserve regarding the current interest rates. The results of the meeting were raising the benchmark rate by a quarter per cent to 2.0 % from 1.75%. This had a knee-jerk reaction wi...
Posted 1 year ago
 
AUDJPY:- Employment Change Causes A Drastic Drop
AUDJPY:- Tuesdays Closure was the early warning signal, as to what was to be expected from the Australian data that was released in the early hours of Thursday Morning. Employment Data came out far worse than expected at 12k than the forecasted ...
Posted 1 year ago
 
EURJPY:- Stubborn But Consistent, ECB Interest Rates Highlighted
EURJPY:- Trust in the process and have a little patience is the key to this pair, with both bullish and bearish scenarios available. A break above the resistance level of 130.270, and a daily closure past this point, would be the signal needed for th...
Posted 1 year ago
 
NZD/USD - Multiple Dojis Forming Leaving Uncertainty In The Market
Not much has changed with this pair since our last post on the 5th June 2018, where we had finally seen some bullish movement with a breakout to the upside which we had expected and explained would happen, heading towards the 0.7100 area. We had s...
Posted 1 year ago
 
AUD/USD - Tuesday Has Left Investors Short On The Australian Dollar
Tuesday's price action left little to the imagination as price attempted to push higher only to reach the 0.7620 region and fall back below the weekly support at 0.75750. The strong daily closure has given us the warning signs there may be a s...
Posted 1 year ago
 
EUR/USD Short Selloff Setup.
EUR/USD has been stalling at the already given 1.1822 daily resistance level recently with the last EFX technical post stating 'Wait for a reversal or breakout". Studies of price action today suggest a reversal is imminent... However, we ...
Posted 1 year ago
 
GBP/USD Has The Pullback Started?
This morning’s Average Earnings Index released this morning with a result of 2.5% just as expected, this has pushed pound slightly higher against the US Dollar. We have seen this pair swing from a downtrend into an uptrend in the past few weeks...
Posted 1 year ago