Today's Technicals

 
 
EUR/JPY - Price Soars Overnight!
EURJPY: Overnight we have seen the currency pair gain nearly 140 PIPs to the upside without any real warning. It is fair to say I preferred a strong bearish bias having broken structure of the triangular formation and expected further conti...
Posted 2 years ago
 
NZD/USD - Kiwi Continues To Crumble
Further decline once again as we see yet another bearish day for the Kiwi. Nice easy to read price action on this pair as once again we see this currency cross like to play out to technical's perfectly. On the daily chart shown we can easily s...
Posted 2 years ago
 
AUD/JPY - Consolidation Range Broken!
AUDJPY: Over the past few days, we have seen price move sideways stuck between the highlighted box that was drawn on at the start of the week. On Wednesday we had a full-bodied candle stick closure below the supportive wick region, indicati...
Posted 2 years ago
 
USD/JPY - Another Day, Another Retest Of 110.00
Another day, another retest of 110.00. Demonstrated in my chart today we can see the previous eighteen days of price action that has been range bound between 109.30 and 110.80, meaning no more than 150 PIPs of movement within the past three weeks. We...
Posted 2 years ago
 
USD/CAD - Time For Another Test Of The Monthly Resistance?
Very choppy price action over the past 6 days for USD/CAD, with low volatility trapping price within a 70 PIP range. This sideways action started once price had broken 1.32700 to the upside, this move came after an enormous bullish run best viewed on...
Posted 2 years ago
 
AUDUSD - Remains Trapped on Major Key Level
AUDUSD: I'm still yet to be convinced that there is further downside momentum to be had on AUD/USD. Although Tuesday saw price dip back below the 0.7400 region we remain above our previous spiked lows at 0.73745 and continue to consolid...
Posted 2 years ago
 
GBP/USD Downside Pressure continues?
GBP/USD Downside Pressure continues?  A rather fast-paced day for GBP/USD, starting off in the early hours with a rejection of the overall downtrend. This is the 4th bounce from this bearish trend-line as displayed on the chart, ideally vie...
Posted 2 years ago
 
NZD/USD - Starts On The Back Foot Today
Last week we saw a big push lower on this pair as we once again came to test the 0.6900 area and as expected, found some support. On the weekly chart we can we had a big rejection from the 0.6900 key level as we printed a large weekly pin bar candles...
Posted 2 years ago
 
GOLD - Surpasses $1260. What next?
GOLD has breached the target of $1260 Per Oz as stated in the last article posted towards the end of last week.  The higher timeframe bias is bearish and the added pressure of the H4 lower-swing-highs continue to push price lower and lower! ...
Posted 2 years ago
 
GBP Is Trying To Hold Its Ground This Morning
GBP is trying to hold its ground this morning as we watch EUR/GBP trying to push through the bank of sell orders sitting above 0.8800.  We can see 0.8820-40 as a strong resistance zone capping the pair for now, though as we noted at the start of...
Posted 2 years ago
 
EURJPY - Structural Break Could Hold The Key
EURJPY: Price has failed to break beyond the significant level of 128.000 as we consolidate around the area currently being trapped by the 128.500 level. There is a series of discrete Higher-Lows forming with a flat resistance creating t...
Posted 2 years ago
 
USD/JPY - Continues To Make Lower-Lows
Following some choppy price action over recent weeks we are now seeing some strong bearish action on this pair. On Friday we saw price once again drop below the important key monthly level of 110.00 as we headed towards the trendline support ...
Posted 2 years ago