Today's Technicals

 
 
USD/JPY: Ready to Explode, Higher or Lower?
Good Afternoon Traders, Currently, on USDJPY we are at a very crucial point, where we can see the price is being compressed within the triangle formation show on my chart, ready for a massive explosion.  At the start of this week, we saw t...
Posted 5 months ago
 
GBP/JPY Pullback into heavy SELLOFF.
Hello! It has been a while since I looked at and posted my thoughts on the GBP/JPY pair so here we go! Last weeks price action was jammed between a range measuring 260 PIPs and the Daily T.F shows clear signs of 'potential bearish momentum&...
Posted 5 months ago
 
GBP/USD SELL OFF!
It seems like Theresa May’s visit to Belfast is already hurting the British Pound. The latest set of talks is expected to last two days.  These talks were in hope of generating a Brexit backup plan for the current deadlock.&nb...
Posted 5 months ago
 
DXY: Short, short and short
This week has proved relatively quiet so far for the FX market, this, however, is likely to be the calm before the storm as the major economic events unfold across the globe later on in the week. The U.S. Dollar Index still hovers range bound at the ...
Posted 5 months ago
 
USD/JPY: Range Bound, Pending a Break, But Which Direction?
Good afternoon trader's,  Over the past week, we have not seen any big moves on this pair as we find ourselves currently range-bound between the 109.00 daily support level and the 110.00 key monthly resistance level. Since my last update ...
Posted 5 months ago
 
USD/CAD: Will it break the weekly support zone?
It has been a choppy two weeks of price action for this pair since breaking below the 1.34000 monthly support. Last week we watched price attempt a reversal back towards 1.34000, however not having enough momentum to break, allowing the price to...
Posted 5 months ago
 
GBP/AUD to break SUPP & rollover into 1.8150?
Hey everybody, I trust all is well as we enter a new week of trading.  I have been watching the price action over on the GBP/AUD since the early hours of yesterday to see If the pair may develop a possible downward break/swing scenario after ...
Posted 5 months ago
 
AUDUSD:- Rebounding Off Critical Region
AUDUSD:- The Australian found a sudden surge of strength alongside Gold on Friday and blew all expectations away with a huge bullish day leaving me behind.  What we can see now from the higher timeframes is the weekly closure is extremely bul...
Posted 5 months ago
 
AUDJPY:- Roll Over Could Be Imminent
AUDJPY:- The pair has fallen drastically since December and the Flash Crash only enhanced this by causing the pair to drop 1300+ pips to the downside at its peak low. Having now pulled back and recovered slightly we could see the pair ready to begin ...
Posted 5 months ago
 
DXY: To Meet 97.00 Next Week As Bulls Take Charge
The DXY and Gold continue to display their inverse correlation of late with the Index rallying following a pinpoint rejection of the 95.00 key support level. This rejection was then followed by a breakout of the mid-December Bearish trend line to a p...
Posted 5 months ago
 
GBP/USD Forms new higher high? where next?
GBP/USD formed its new higher High? Where next? We have seen a good push in the pound as of late, as price has finally crossed over the 1.3000 monthy level. Question now becomes can price stay above 1.3000? On the attached chart I have drawn,...
Posted 5 months ago
 
EURAUD:- Slowly Edging Higher As ECB Press Conference Draws In
EURAUD:- Remains trapped within a 4-hour consolidation block between the 4hour support level of 1.58975 and the resistance barrier of 1.59500. The price has currently been edging higher after serval weeks of decline we were always due a pullback in p...
Posted 5 months ago