Today's Technicals

 
 
AUD/USD: Monthly Support Remains Firm
Yet again the monthly support level of 0.70500 remains firm with price rejecting this level on Friday aggressively, therefore, closing the day relatively bullish with a Pin Bar rejection off the lows. Price currently sits at the previous days high an...
Posted 4 months ago
 
USD/JPY: Large 50 PIP move breaking  support, is this going to break the recent consolidation?
After a slow week on this pair with no major moves, we have seen price drift between the 112.00 support area and the 112.80 resistance region, failing to break either lower or higher. As explained to members this morning, I was anticipating a big mov...
Posted 5 months ago
 
DXY: Gearing Up For 97.00
The US Dollar index found strong support last Thursday and Monday of this week at 95.50 with Dollar bears unable to pull price back below this floor, this has seen the dollar gain momentum and top out at two-month highs of 96.53 as of Wednesday eveni...
Posted 5 months ago
 
GBP/USD: The Game Of Fighting 1.3000 Restarts!
After recent positive pushes for the pound, the bullish run came to an end last week with price rejecting from 1.32500. We have seen price face two rejections in two months from that level intact, with the US dollar gaining back some strength we have...
Posted 5 months ago
 
USD/JPY: Bulls Take Control And Charge Towards 112.80
Following my last Today’s Technical last week, we saw this pair decline further as stated to break the 112.00 level. From here we could see signs of rejection and support as price consistently produced pin bar and Doji candlesticks of the 112.0...
Posted 5 months ago
 
DXY: FOMC Pushes The USD Higher
The FOMC minutes released yesterday had a positive impact on the DXY, the committee solidified expectations that there will be a further rate hike in December this year and that there is expected to be a further two hikes in 2019. Downside risks for ...
Posted 5 months ago
 
EURJPY:- Threatens To Break Out!
EURJPY:- for the last 5 days we have seen price move sideways as the supportive region of 129.300 has held strong. There have been multiple attempts to break the range high of 130.500 however, price failed to maintain the strength necessary...
Posted 5 months ago
 
EUR/USD: Continue The Upside Flow - 1.1650 Target
Hello Traders.  Already we are halfway through the month of October! Markets have been relatively decent for the past 6 weeks, so let's see what we can do on the charts for the week ahead.  EUR currently holds steady at the daily ...
Posted 5 months ago
 
EURAUD:- Struggling To Break Multi Year Highs
EURAUD:- The monthly candle closure is extremely bearish having run itself into multi years highs of 1.63500 and rejecting, forming a potential longer-term bias of downside pressure. Price can be seen attempting the highs again and a pullback ma...
Posted 5 months ago
 
AUDUSD:- Bulls Are Trying To Take Control
AUDUSD:- We have seen the week remain relatively low in volatility as the pair finds a floor at 0.70500 having made a new lower low. The Question is, where next for the Australian Dollar. The currency it self-remains fairly weak, however, due to U...
Posted 5 months ago
 
USD/JPY: Break Of 112.0 Due Soon
Since our short trade on this pair last week explained to our members and shown on my Instagram account (@bd_fx) from the level of 114.50, we have now fallen 250 PIPs and hitting my target at the weekly support of 112.000! On our journey to this l...
Posted 5 months ago
 
DXY: What Is Happening To the USD?
The second Monday of October in the United States marks the legal holiday 'Columbus Day', commemorating Christopher Columbus' first voyage to the Americas in 1492. This day poses significance for traders as the US Bond markets are closed,...
Posted 5 months ago