Today's Technicals

 
 
EUR/JPY: Slows Down After Reaching Major Resistance
EURJPY: The analysis from earlier on in the week has played out to the absolute T with over 200 PIPs being made after the retracement leg towards 128.000 monthly key level. From here, what we could expect, is the pair to consolidate and slo...
Posted 5 months ago
 
AUD/USD: Reaches Multiple Levels of Resistance, Will They Hold?
AUDUSD: The price this week has seen a strong recovery back into the region of 0.73600 which may, in turn, be a clear retest of the broken triangular formation that trapped the pair for 8 weeks. This also comes in alignment with our favoured&nbs...
Posted 5 months ago
 
NZD/USD: A very interesting area on this pair!
We witnessed a fast decline on this pair last week, mainly due to a weak New Zealand Dollar and the bullish US Dollar which helped finally drive price straight through the monthly support key level of  0.6700. Following the break we carried on f...
Posted 5 months ago
 
USD/JPY: Potential New Yearly Highs
Over the past few days we have seen a nice 100 PIPs move to the downside on this pair, managing to break the long-term trendline and retesting the monthly key level on 110.00. Though we have had some bearish movement, overall on the weekly and d...
Posted 5 months ago
 
EUR/USD Shorts from 1.1540 incoming.
Early this week EUR/USD decided to pullback... Extending further than the 1.1450 Monthly res barrier!  What next? Well, today the pair tapped 1.1540 (Daily res), which was highlighted as the second potential for the "then pending' up...
Posted 5 months ago
 
AUD/JPY: Seeks A Correction After Hitting The Deck
AUDJPY: The pair has found itself in a similar light to most of the other JPY crosses, heavily bearish and hitting major supportive regions as recent strength dominated. The Major support level of 80.00 has been achieved for the first time ...
Posted 5 months ago
 
NZD/USD - Are We Expecting A Sell-off?
Towards the end of last week, we saw some weakness on the US dollar across many of its pairs. This has given us some signs the dollar strength and bull run may be running out of steam but I would not short the US Dollar just yet.  This weakne...
Posted 5 months ago
 
EUR/JPY: A Break Of 4-Hour Resistance Could See EURJPY Trade Higher
EURJPY:- The pair closed indecisive last week having behaved relatively neutral with price bouncing between 125.000 and 126.500, with multiple spinning tops and exhausted price action forming a new base for the pair. 126.000 as long been our weekly s...
Posted 5 months ago
 
140.00 Achieved to the T: GBP/JPY, Early week bounce ahead.
As displayed on the attached H4 Chart the previously explained: 140.00 Monthly support was tapped precisely to the T. So what next? Well, higher timeframe studies suggest that 140.00 may give way with a push further into the 138.80 area, however, ...
Posted 5 months ago
 
USD/JPY - Another Choppy Day, Where To Next?
Another choppy day for this pair yesterday as we saw the daily candle close very little from where price opened, forming a daily Doji candlestick, indicating some indecision between buyers and sellers. Today we had a small push higher&nb...
Posted 5 months ago
 
GBPAUD:- Monthly Level Remains Critical For Weekly Closure
GBPAUD:- The pair in recent weeks has seen rapid outbursts of movement followed by long periods of choppy price action. After being stuck in consolidation for most of June and July the pair has started to create lower highs and lower lows, ...
Posted 5 months ago
 
NZD/USD: Have We Finally Found Support?
It seems we may have found some support on this pair after the fast sell-off we saw last week and the beginning of this week. Yesterday price action printed a "Pin bar" style candlestick showing some rejection and that we may have found a b...
Posted 5 months ago