Today's Technicals

 
 
DXY: Price Heading To 94.5 In 2019?

DXY: Price Heading To 94.5 In 2019?...

2 Comments 2143 views
With a relatively slow week for the Dollar its time to look at the longer term perspective of where we could see price headed. With the impending rate hikes, I believe that 97.86 is still achievable before year end. Sustained strong economic dat...
Posted 4 months ago
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GOLD: Bears Looking To Break Down Out Of Tight Range

GOLD: Bears Looking To Break Down O...

0 Comments 3342 views
Gold remains in the confine of a relatively tight range at present with some conflicting technicals. Whilst the 1200.00 key support zone in line with the 2008 trend line was beautifully rejected last week, price peaked at around 1228.80 on Wednesday&...
Posted 4 months ago
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USDJPY:- How Much Further Can We Fall?

USDJPY:- How Much Further Can We Fa...

1 Comments 3016 views
On Friday of last week we saw price break out of the consolidation range we found ourselves within around the 114.00 key monthly resistance level. Within this zone we can see on my chart price was being pressurised and a break out was imminent as a t...
Posted 4 months ago
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EURNZD:- Major Support Holds Firm

EURNZD:- Major Support Holds Firm ...

0 Comments 2513 views
EURNZD:- Over the past couple of weeks the price has been plummeting out the sky with a 1300 pip decline spaced over 6 weeks which has seen a drastic recovery in the currency pair. However, EurNzd may have now reached a support level that could ...
Posted 4 months ago
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USD/CAD: Remains stubborn within range!

USD/CAD: Remains stubborn within ra...

1 Comments 3777 views
Here we go again, viewing USD/CAD on a daily time frame shows the overall sideways bias we have been stuck in for a number of months. On the 1st of October, we saw price action respect strong support at 1.28000, following with bullish movement over t...
Posted 4 months ago
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DXY: All Signs Pointing To Bull Taking Control

DXY: All Signs Pointing To Bull Tak...

0 Comments 2421 views
DXY technicals are looking crystal clear at the moment with a 61.8% Fib retracement coinciding with a 3rd bounce of the bullish trendline and extending the first target of  97.86 with pinpoint accuracy. Monday this week saw price finally smash t...
Posted 4 months ago
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USD/JPY: Where To Next?

USD/JPY: Where To Next?...

4 Comments 4390 views
Following on from last weeks upside move on this pair; from the 113.00 level many traders were fooled into believing shorts trades were in play as price action had seemed to break structure in the form of a break of the inner trendline it had be...
Posted 4 months ago
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DXY: Pullback Expected With US Election Results Causing Uncertainty

DXY: Pullback Expected With US Elec...

0 Comments 2391 views
Last week finally saw DXY reach and just about breach the 97.00 resistance level. This breach, however, could not be sustained with last Thursday's candlestick being a big bearish engulfing whipping price back to the downside. It seems, for now, ...
Posted 4 months ago
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GOLD: Bulls, Bulls And More Bulls!!!

GOLD: Bulls, Bulls And More Bulls!!...

0 Comments 4077 views
Following on from last weeks article, the pullback to the 1215.00 zone played out as expected with bears unable to close last Wednesday's candle below this level. Gold has been holding a tight range ahead of the US mid-term elections as investors...
Posted 4 months ago
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AUDUSD:- Resting At Dynamic Resistance

AUDUSD:- Resting At Dynamic Resista...

0 Comments 4329 views
AUDUSD:- Last week we saw the pair fulfil the resistance zones as suggested with an extremely bullish breakout of 0.71500 and soar to the weekly key level of 0.72250 and peaking in the psychological region of 0.72500.  The weekly candlestick ...
Posted 4 months ago
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DXY: Finally breached 2018 highs

DXY: Finally breached 2018 highs...

0 Comments 2286 views
The Dollar Index has finally breached 2018 highs this week with price pushing through the 97.00 zone. This push to the upside sees the Dollar hit 16-month highs and from a technical point of view should these highs be sustained the next resistance le...
Posted 4 months ago
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USD/CAD: To Retest And Continue?

USD/CAD: To Retest And Continue? ...

2 Comments 4413 views
USD/CAD has been on a sideways storm for many weeks now, as mentioned on an earlier update it remains to trade between a few ranges. Price seems to have found and held support at 1.30500 with large rejections and wick’s as seen four days ago. F...
Posted 4 months ago
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