Today's Technicals

 
 
USD/JPY: Break Or Bounce?
Good morning traders and welcome to a new week on EFX.  Towards the end of last week, we saw some bearish movement creep back to what had been a bullish week until Thursday. On Thursday, we saw a bearish engulfing candle on the dail...
Posted 4 months ago
 
GBPAUD:- Weekly Resistance of 1.800 Will Hold The Key
GBPAUD:- In recent weeks we have seen GbpAud rally close to 600 pips to the upside due to Australian Dollar Weakness as Trade wards and Geo-political instability has caused a decline in the Australian currency. In alignment with that, we ha...
Posted 4 months ago
 
EUR/AUD: Leaves Retail Traders Wondering What If...?
EURAUD: The pair has made a meteoric rise from the region of 1.5600 where analysts were confident over a break and retest of the long extended period of consolidation around 1.5800 that there was optimism for a head and shoulders patterned ...
Posted 4 months ago
 
EUR/JPY: Is Off To The Moon And Back!
EUR/JPY: Since our last article suggesting the retracement back towards 128.000, well, we most certainly had that. The price has since rocketed and never looked back rising to current market price 130.700 and the possibility of going much, much ...
Posted 4 months ago
 
NZD/USD: Going, Going, Gone!!!
Good morning traders'  After some tricky price action on this pair this week, we have today seen a bearish push to the downside, breaking through my counter trendline support, signalling a further decline.  Since we managed to bre...
Posted 4 months ago
 
AUD/USD: Once Again Reaches Critical Support Level
AUD/USD: This pair has seen drastic moves in recent days as the geopolitical stance caused a stir throughout the market with parliament members dropping like flies and a new Prime minister announced all in a matter of a few days. This led to rap...
Posted 4 months ago
 
USD/JPY: Respecting All Key Levels
Last week we finally saw a bigger move on this pair than we have been used to in recent weeks. Right now, we have found support at the monthly key level of 110.00 once again and rejected from this to start a bull run of 150 PIPs, quickly breaking thr...
Posted 4 months ago
 
GBP/USD: Brexit Jitters Still Looming
With Brexit jitters still looming, pound this morning is showing great upside movement following yesterdays UK bank holiday. Currently trading at 1.29250, we are seeing price starting a new bullish swing that could be targeting the major 1.30000 resi...
Posted 4 months ago
 
GBP/AUD: Dynamic Resistance Still Holds Weight
GBP/AUD: Last week we saw a lot of liquidity across the board as the currency pairs looked to respond to the Geo-political incidents that are occurring. From Brexit Negotiations, Trade Wars and Government turmoil in Australia, there is a lot goi...
Posted 4 months ago
 
EUR/USD: Settling Into A Range?
We have identified some notable limits in EUR/USD over the past week. The USD surge extended the EUR rate to a high/low of 1.1300 last week, where key levels at 1.1275-85 held firm to prompt an eventual recovery which took us back past the 1.150...
Posted 4 months ago
 
USD/JPY: Bulls Take Charge
Following my previous article on this pair where we were trading at the lows of 110.00 , I explained I was bullish on this pair as I was expecting price to take us back to the top of the wedge formations as shown on my chart and from there, a break o...
Posted 5 months ago
 
EUR/CAD: As The Euro Weakens The Canadian Dollar Gains
EUR/CAD: We have seen the pair rise and fall in quick concession over the past few weeks, and once again price as retraced back to a favourable resistance zone that caught my eye late last night. Fundamentally we are seeing the Euro Weaken acros...
Posted 5 months ago