Today's Technicals

 
 
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
 
USD/JPY: A Strong Start To The Week
We have seen a strong start to the week with this pair forming a large bullish engulfing candle on the daily chart printed yesterday. After price rejecting the monthly key level of 110.00 last week and failing back towards the 109.00 area, the only s...
Posted 1 year ago
 
AUD/USD:- Awaiting A Breakout For A Long Term Set Up
AUDUSD:- A choppy market continues to dominate this pair. We remain trapped between the descending trendline, and the ascending C.T.L, that has supported the price consistently over the last couple of weeks. Once again, we have failed to br...
Posted 1 year ago
 
Further Decline For GBP/AUD?
GBP/AUD has been trapped in consolidation for over a week with 1.7700 being a heavy area of resistance. Daily price action remains bearish for now, respecting the bearish moving averages at a squeeze.  Main support: 1.7500 which is expected t...
Posted 1 year ago
 
XAU/USD - $1287 Per Oz Expected On GOLD Over The Next Few Days!
GOLD has been extremely messy over the last few days with lots of chop and many spikes which caught traders off guard.  Coming into the new trading week we see that price action is formulating a solid boundary or resistance in between $1300-$...
Posted 1 year ago
 
AUD/USD - Confluences Are Lining Up For 0.7400
AUD/USD as the confluences aligned after retesting the major key level of resistance at 0.76500. This came into confluence with our favoured Fibonacci region and a retest of the descending trendline. We could now expect the pair to break the serie...
Posted 1 year ago
 
USD/CAD - Has This Pair Broken Out Of Its Range?
Looking back since April this current year, USD/CAD has been trapped within two ranges. Firstly we watched price battle 1.27500 to 1.29000 with any upside then pushing the pair to use 1.29000 as a support with 1.29750 as resistance. This has been goi...
Posted 1 year ago