Today's Technicals

 
 
AUD/USD:- Breaks Back Above 0.7400
AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer, after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provi...
Posted 1 year ago
 
GBP/JPY To Tap Into 149.50 And Reverse
GBP/JPY has had a pretty decent run from the weekly rejection of 145.00 not too long ago. Since the pair remained above the daily moving averages, price retaliated fiercely against any intraday 'bearish chop' ultimately pulling the pair ...
Posted 1 year ago
 
EUR/JPY:- A Strong Weekly Closure Indicates EJ Can Go Higher
EUR/JPY:- We have seen the pair over the last few weeks recover in price and smash through all minor resistance zones fulfilling target after target. We currently trade around 131.200 that formed a double rejection of price and acted as a strong...
Posted 1 year ago
 
AUDJPY:- Target Achieved!
AUDJPY:- We have seen the pair climb back towards 83.500 which was given as our first upside target on the previous post. A clean 150 pip rally into the highs has been achieved and profits banked it is now time for us to consider the favoured revers...
Posted 1 year ago
 
USD/CAD Rejection From Not One, But Two Support Barriers!
For the past few weeks, we have had good movement on USD/CAD with a large downside swing from 1.33400 down to 1.31000. As displayed on the chart you can see price attempted 4 significant times to break 1.31000 to the downside however faced rejection ...
Posted 1 year ago
 
AUD/USD:- Can The Australian Dollar Recover
AUD/USD:- On Wednesday we saw the Australian Dollar take a beating against other major currency pairs, especially the USD. Having reached 0.7480, 20 pips shy of my original upside target the currency took a dive and broke back below th...
Posted 1 year ago
 
NZDUSD:- Violent Rejection Off Major Resistance Level
NZD/USD:- The New Zealand Dollar, alongside the other major currency pairs, has taken a beating in the previous weeks after falling from its highs of 0.7400 in April to rebound from a newly formed Lower Low, 0.66890. The weekly candlestick may have g...
Posted 1 year ago
 
EUR/JPY:- Target 1 Achieved!
EUR/JPY:- We have now seen EUR/JPY fulfil its first upside target region of 130.300 and could yet to see a further 100 PIP push to the upside. The currency pair remains strong, although a weak day on Tuesday may lead to a slight correction in pric...
Posted 1 year ago
 
USD/JPY:- 112.000 On The Cards, As Key Resistance Level Breaks
USD/JPY:- Over the past few weeks we have found it difficult to grasp a strong bias direction on this currency pair, as it has provided us with both bullish and bearish scenarios. Having first broken above the 110.000 monthly key level 8 weeks ago, t...
Posted 1 year ago
 
AUD/USD:- Price Continues To Push Higher
AUD/USD:- On the weekly timeframe we can now start to the see the long wick spiked rejections that have been occurring for 3 consecutive weeks now, as the price has attempted to break below the 0.7400, although failed. This suggests that there could ...
Posted 1 year ago
 
GBP/USD Takes A Hit At 1.33000!
Leading on from last weeks momentum, we could slowly see the come back once more for GBP/USD. We had crossed over our weekly resistance and saw price pushing past our daily resistance at 1.33100. However, breaking news from the UK house of parliament...
Posted 1 year ago
 
AUD/JPY:- A Break And Retest Of 82.00 Could Define The Week
AUD/JPY:- We can see that the currency pair has been trapped within a range of 13-14 days, before Friday's price action saw a surge back towards 82.00. We are expecting now for bullish momentum to occur, with a directional bias firmly to the...
Posted 1 year ago