Today's Technicals

 
 
USD/CAD: Will it break the weekly support zone?
It has been a choppy two weeks of price action for this pair since breaking below the 1.34000 monthly support. Last week we watched price attempt a reversal back towards 1.34000, however not having enough momentum to break, allowing the price to...
Posted 1 month ago
 
GBP/AUD to break SUPP & rollover into 1.8150?
Hey everybody, I trust all is well as we enter a new week of trading.  I have been watching the price action over on the GBP/AUD since the early hours of yesterday to see If the pair may develop a possible downward break/swing scenario after ...
Posted 1 month ago
 
AUDUSD:- Rebounding Off Critical Region
AUDUSD:- The Australian found a sudden surge of strength alongside Gold on Friday and blew all expectations away with a huge bullish day leaving me behind.  What we can see now from the higher timeframes is the weekly closure is extremely bul...
Posted 1 month ago
 
AUDJPY:- Roll Over Could Be Imminent
AUDJPY:- The pair has fallen drastically since December and the Flash Crash only enhanced this by causing the pair to drop 1300+ pips to the downside at its peak low. Having now pulled back and recovered slightly we could see the pair ready to begin ...
Posted 1 month ago
 
DXY: To Meet 97.00 Next Week As Bulls Take Charge
The DXY and Gold continue to display their inverse correlation of late with the Index rallying following a pinpoint rejection of the 95.00 key support level. This rejection was then followed by a breakout of the mid-December Bearish trend line to a p...
Posted 1 month ago
 
GBP/USD Forms new higher high? where next?
GBP/USD formed its new higher High? Where next? We have seen a good push in the pound as of late, as price has finally crossed over the 1.3000 monthy level. Question now becomes can price stay above 1.3000? On the attached chart I have drawn,...
Posted 2 months ago
 
EURAUD:- Slowly Edging Higher As ECB Press Conference Draws In
EURAUD:- Remains trapped within a 4-hour consolidation block between the 4hour support level of 1.58975 and the resistance barrier of 1.59500. The price has currently been edging higher after serval weeks of decline we were always due a pullback in p...
Posted 2 months ago
 
EURO TIES SHOELACES READY TO BOLT
I was in the clouds all day - however, I have been monitoring EURUSD closely for what could be the 'Next move" So here is my H4 take.  1.1350 Psychological level has supported the pair heavily in the last few hours as the pair w...
Posted 2 months ago
 
AUDUSD:- Looks To Maintain A Break Below 0.71500 Support
AUDUSD:- The 4 Hour Candle has closed below the supportive region of 0.71500 and I will be stalking the pair for a daily break and closure below this level providing me with a 100 pip short opportunity.  The Currency cross looks to have stall...
Posted 2 months ago
 
FURTHER POUND STRENGTH - ACCELERATION TO 1.8125
Good morning traders, I trust all is well and a good week ahead is upon us! Last weeks GBP article was a success with the pound strength that was delivered shortly after the Brexit politics. My initial target projection post-Brexit talks was ...
Posted 2 months ago
 
AUDUSD:- Retraces From The Highs Straight Into Daily Support
AUDUSD:- Recapping on the previous Australian Dollar article, the price has played out to perfection after rejection the Weekly highs of 0.72250 and pulling back precisely into the daily support region. With multiple higher time frame analysis, we ma...
Posted 2 months ago
 
EUR/USD  - DRIVE THREE INTO BULLS.
GOOD MORNING TRADERS.  Another successful piece of analysis over on the GBP/AUD with the market coming within 1 PIP away from 1.8000!  I was watching EUR yesterday for a potential trade setup but there was nothing until maybe just now...
Posted 2 months ago