Today's Technicals

 
 
DXY: What's Next In Store For The USD?
All eyes are on the Dollar index at the moment with the monthly chart printing some interesting price action. As we can see the previous four monthly candle closures have all failed to close above the psychological resistance area 95.50 with August&#...
Posted 3 months ago
 
USD/CAD: And Lower We Go!
So last week we published an article titled “USD/CAD in for another fall” and boy did we get that fall! That article mentioned the strong 1.29000 support that the price was battling looking for an overall short bias. After that article, t...
Posted 3 months ago
 
GBP/JPY Long opportunity to 150.00
Good morning & Happy Monday! Last week provided 3 profitable opportunities and now hopefully we are onto a fourth as we step into a new week. Last Friday GBP/JPY made another new intraday low which I predicted with a full-scale breakdown ...
Posted 3 months ago
 
USD/JPY: Bulls Run Riot All Month, But How Will We Close?
As we approach the end of the month, we can see the bulls have had full control of this pair from early in September, we have steadily moved higher and higher. From the lows of 111.42 to the recent highs of today at 113.62, we have managed to move hi...
Posted 3 months ago
 
DXY: Bulls Are About To Take Charge
The US Dollar index chart is looking interesting right now, looking at the weekly timeframe we appear to be printing a tweezer bottom with both this week's and last week's candles spiking through but failing to close below support level 94.17...
Posted 3 months ago
 
USD/JPY: Potential Yearly Highs
As always in trading, particularly with swing trading, patience pays, as we have seen with this pair over recent weeks.  Roughly one month ago on EFXI called for this pair to eventually break through the resistance level that was stoppin...
Posted 3 months ago
 
EURO dollar - A downside break of weekly support is favoured !
A new trading week is upon us in which the currency markets should expect to ride with larger volatility as we roll out of the summer.  Last week I posted a short/bearish prediction on the EUR/USD which rolled into profit, however... Failed t...
Posted 3 months ago
 
NZD/USD: Expecting A Pullback
Last week we saw a nice strong bullish move on this pair as we smashed our way through the descending daily trendline and broke the downtrend, leading to new highs in the new uptrend we have been in since rejecting the 0.65000 region two weeks ago. T...
Posted 3 months ago
 
USD/JPY: Continue To 113.00 Or Pullback?
Since our last post on this pair, where we stated our long bias and upside targets of 112.30 and longer term 113.00, we have seen a steady rise on this pair, moving just over 100 PIPs higher to reach a high of the week so far of 112.87. At this level...
Posted 4 months ago
 
GBP/JPY Bull Run Fulfilled. Down We Go
Okay so... it's been a while since my last GJ article, with the last one being quite a success. 149.72 holds as strong resistance with the pair now breaking the highlighted H4 consolidation zone (to the downside)... Meaning a reversal is ...
Posted 4 months ago
 
USD/CAD In For Another Fall?
Starting off guys on the daily time frame we can see this pair has spent a lot of time trapped within a few areas of consolidation. That range starting at the top of 1.32500 down to 1.29000, which is currently on the spotlight as this break could mak...
Posted 4 months ago
 
EUR/USD short setup from 1.1725 Weekly resistance.
Last week the EUR followed through with a decent bull run after the most recent article explaining structure and price action which was favoured to follow at that time.  The pair currently sits just below the weekly resistance barrier: 1...
Posted 4 months ago