Today's Technicals

 
 
DXY: Price Heading To 94.5 In 2019?
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
 
GOLD: Bears Looking To Break Down Out Of Tight Range
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
 
USDJPY:- How Much Further Can We Fall?
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
 
EURNZD:- Major Support Holds Firm
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
 
USD/CAD: Remains stubborn within range!
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
 
DXY: All Signs Pointing To Bull Taking Control
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
 
USD/JPY: Where To Next?
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
 
DXY: Pullback Expected With US Election Results Causing Uncertainty
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
 
GOLD: Bulls, Bulls And More Bulls!!!
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
 
AUDUSD:- Resting At Dynamic Resistance
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
 
DXY: Finally breached 2018 highs
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
 
USD/CAD: To Retest And Continue?
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