GBPUSD making a bearish zig zag towards 1.5270
GBPUSD has broken through the rectangle range and it is making a bearish zig zag pattern. We can spot a 3 - touch trend line making a confluence - POC at 1.5410-30 with 61.8 and H4 camarilla. Adding to...
View ArticleAUDUSD showing bearish triangle in downtrend
AUDUSD has been consolidating below 0.7500 and traders definitely don't want to fight back with RBA governor's Stevens comments that the AUD currency is still overbought.0.7470 is showing a good POC (...
View ArticleUSDJPY above 123.35 the pair is bullish
USDJPY has been showing strength and resilience in last 4 days. Technical pattern which is currently shown on H4 chart is clearly V shaped reversal/ Diving Board and it marks strong bounce off...
View ArticleUSDCAD possibly going for 1.3050+
Greece situation, BOC's interest rate cut and general safe heaven demand reflected on USDCAD pair which is breaking through important resistance levels. Adding to USDCAD rally Canada's banks also...
View ArticleNZDUSD is retracing but still in downtrend
NZDUSD is retracing prior to RBNZ Official cash rate which is due on Wednesday 21:00 GMT. Also, mr.John Key, who is the Prime Minister of New Zealand commented that the currency has fallen too fast....
View ArticleEURUSD relief rally could give us new shorting opportunities
As we could witness last week Greece agreed with austerity package and received well needed money which will keep it safe for now.Greece banks also reopened on Monday and currently we can see a weak...
View ArticleUSDJPY watch for 123.40 confluence
USDJPY surged up on equities jump to record highs. Adding to that there is a possibility of a rate hike in September which fueled the pair. "Turnaround" Tuesday tanked the pair and currently we see a...
View ArticleUSDJPY 123.80 new support in a bullish consolidation
As we could read in my previous USDJPY research, the pairhas followed the analysis and currently it is undergoing a bullish consolidation around 124.00 level. Very strong Unemployment claims numbers...
View ArticleEURUSD is forming Rising Wedge after inner trend line break
Not surprisingly EURUSD has bounced in London session making new weekly highs after the price has closed above 1.0920 on Friday. The pair was given additional boost after good German IFO report. German...
View ArticleUSDCAD is retracing towards POC
US FED will release the statement today, without any press conference and we will probably have some range-bound market till FED statement. Expectations towards rate hike are rising and we could see a...
View ArticleGBPUSD is setting up for longs
GBP is gaining upward momentum lifted by preliminary GDP estimates and that could be aditional signal that UK economy is recovering. FED is still undecided about the dates for a rate hike. Latest...
View ArticleUSDJPY strength even after bad advance GDP data
USDJPY has bounced after FED statement which clearly stated that the rate hike is inevitable after further job gains. We think it could come in September or December, but December seems more likely....
View ArticleGBPUSD sideways movement in a rectangle formation
Two weeks ago, I have warned that GBPUSD will start to move in a sideways formation and that was to be expected due to low volatility month. Inflation data from UK is due on Tuesday and most important...
View ArticleNZDUSD is showing Bearish Divergence
Last week NZDUSD dropped by a huge percent after PBOC devalued Yuan. Usually soft commodities ( AUD ) perform better then hard commodities ( NZD ), but this time NZD also dropped by a volatilty caused...
View ArticleEURUSD Forming a Rising wedge
Waiting for FOMC meeting minutes and report which is due on Wednesday, EURUSD has dropped after 4h closed below 1.1070. Fundamentally economic growth in Germany looks strong as we know that lower EUR...
View ArticleGBPUSD 1.5645 is important level
The GBPUSD pair surprised with higher then expected CPI ( 0.1 actual vs 0.0 forecast ) but still the number is not good enough to justify a rate hike. Today Retail sales dropped by 0.5 % ( -0.1 %...
View ArticleEURUSD watch for 1.1540
China stocks in a global sell off, SP500 breaking the sideways market, and possibly tanking hard, FOMC in my opinion will not raise hikes in next 6 months. Hectic Asia session gave us a lot to think...
View ArticleEURUSD hidden divergence hinting the market trend continues
After yesterday's very turbulent market the price is correcting itself. EURUSD is currently in uptrend and fundamentals also support it. According to Moody's PM Tspiras resign is Credit positive so EUR...
View ArticleGBPUSD is bullish above 1.5620
GBPUSD has been trading inside an equidistant channel which supports the uptrend zig zag. The price has been making higher highs and higher lows which is showing us a scholastic example of uptrend. At...
View ArticleUSDJPY showing a bearish pennant confluence
USDJPY reached 120.50 after a big spike down preceded by PBOC decision to reduce its interest rate and ease bank reserve requirements. Technically a huge drop which we see on USDJPY chart is actually a...
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