dnsmith

dnsmith

USDCAD has performed well recently, but is hitting a daily resistance level for the third time. The next support area is around the 1.32 level and makes for a nice short opportunity. Simple support and resistance trading with clear entry and exit positions.

dnsmith

GU is absolutely primed to short and re-test the 1.06 level With the pair retracing, its setting up for the perfect short and coinciding with the long term trend. The trend is your friend on this one and lets see the 1.06 level re-tested.

dnsmith

AUD has been weak of late, heading down to the .63 zone. Currently sitting around the .65, a target of the .70 and long term .75 area is where this pair likes to historically be. Lets watch for the move up on AUDUSD

dnsmith

All GBP pairs have been extremely volatile of late and GBPJPY is no different, The rise from the 150 back to the 164ish level has been quick, we should see a big move to the down side - retesting the key 150 level. This pair holds for good opportunities!!!

dnsmith

The bull run on JPY pairs has been amazing, but all good things must come to an end. EURJPY is at a key daily resistance and this move down will be massive, get ready for a rollercoaster ride!!!

dnsmith

GU reaching a key supply area and previous daily support. A great opportunity for a traditional SR trade and double bottom.

dnsmith

AUDUSD has the chance to rise form the ashes!! With the USD currently overbought and AUD being at key support levels. AUDUSD could see a rise to somewhere around the .72 level, with it being a historical 'comfort' level. Good chance to grab some AUD from a key supply area.

dnsmith

This pair has recent been sitting at the 1.11 range and is stalling at previously resistance levels. The short on this pair could take some time, but there tonnes to squeeze out of this lemon!!!

dnsmith

The uprising of USDJPY has been well and truly impressive, but its time for a reversal and a big one at that. Looking to previous S/R zones, we can see that the 115 zone will be a clear target. This reversal may take some time or happen very quickly....

dnsmith

USDCAD has been operating perfectly within an uprising channel. Having a nice double top within the channel, now is a good opportunity to see it move back towards support.

dnsmith

AUDJPY is set up for an amazing sell opportunity. The 4 hour is within a channel and at the top of the channel currently. Resistance levels at a horizontal key level. Longer timescales are also demonstrating a head and shoulders pattern for the reversal.

dnsmith

AUDCHF has nicely come down to key support levels. Price has now hit an area of strong support and we should see a swing trade opportunity to long this pair. Early entries could carry some risk, but watch this pair!!!

dnsmith

AUDCHF has reached a nice level to short. Looking at the previous patterns - an opportunity to short this to the .66 level of previous major support.

dnsmith

The GBPJPY has reached a nice resistance level and daily double top. After incredibly strong run, looking for rejection from this level with a sharp move down.

dnsmith

This pair has reached daily highs and like all JPY pairs, needs to take a breather. Wait for confirmation of price action to form prior to entry - but a promising pair none the less.

dnsmith

GN has taken an absolute battering. Sitting at key support areas, this pair has a multitude of reasons to be a smart buy. Both technical and fundamentals come into play here. NZD is seeing yearly highs, but without any reason to really do so - meaning it could reverse hard and fast. I see this as a fairly easy trade - wait for confirmation and buy

dnsmith

GJ is cooked, overcooked... Looking for a reversal on this pair, multi year highs, overbought RSI. This pair needs to take a breather

dnsmith

Like most Yen pairs, NJ has hit a yearly high zone, multiple areas to show its ready to turn I have placed a sell here and looking for a retracement back to previous support levels. Looking at key SR levels and RSI for overbought on high time frames NZD has no fundamentals to support its current pricing and has the highest likely hood for a sharp drop