Today's Technicals

 
 
EUR/JPY:- A Short Recovery Before A Rapid Decline

EUR/JPY:- A Short Recovery Before A...

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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
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AUD/USD:- As The Market Crumbles, AUD Falls With It

AUD/USD:- As The Market Crumbles, A...

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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
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NZD/USD: Patience Pays!

NZD/USD: Patience Pays!...

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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
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EUR/USD Bearish Price Action Playing Out.

EUR/USD Bearish Price Action Playin...

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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
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GBP/USD - What Goes Up, Sharply Comes Back Down!?

GBP/USD - What Goes Up, Sharply Com...

2 Comments 7186 views
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
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USD/JPY - Fed Give Bears The Upper-Hand

USD/JPY - Fed Give Bears The Upper-...

0 Comments 3682 views
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
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AUDJPY:- Employment Change Causes A Drastic Drop

AUDJPY:- Employment Change Causes A...

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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
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EURJPY:- Stubborn But Consistent, ECB Interest Rates Highlighted

EURJPY:- Stubborn But Consistent, E...

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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
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NZD/USD - Multiple Dojis Forming Leaving Uncertainty In The Market

NZD/USD - Multiple Dojis Forming Le...

0 Comments 3700 views
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
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AUD/USD - Tuesday Has Left Investors Short On The Australian Dollar

AUD/USD - Tuesday Has Left Investor...

1 Comments 5183 views
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
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EUR/USD Short Selloff Setup.

EUR/USD Short Selloff Setup. ...

4 Comments 6262 views
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
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GBP/USD Has The Pullback Started?

GBP/USD Has The Pullback Started?...

1 Comments 6053 views
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
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