Today's focus: GBPJPY
Pattern – consolidation uptrend
Possible targets N/A
Support – 182.20
Resistance – 183.75
Today’s update mainly zeros in on the consolidation presenting in the current uptrend. Price continues to hold in a range, and we have broken down the things we are watching for, either a new attempt at continuing the trend or an extension of Friday’s...
Today's focus: US30
Pattern – Ascending Triangle, low rejection, Resistance
Possible targets – 35,260 - 33,255
Support – 33,790
Resistance – 34,310
Today we have looked at the US30 after this morning’s FOMC. The Fed held rates but commented that we could see two more rises this year.
With price bouncing back after testing lower, could we see a new shot at...
Today's focus: GBPUSD
Pattern – HH HL continuation
Possible targets – 1.2683, 1.2980
Support – 1.2305, 1.2493
Resistance – 1.2640, 1.2660
Today’s focus is on the GBPUSD after buyers made another strong move higher on Wednesday. That move continues the series of HLs and HHs this is a good thing to see in the current short-term uptrend. As discussed in today’s...
Today's focus: Oil
Pattern – Descending Triangle
Possible targets – 64.06 73.22
Support – 67.05
Resistance – 72.22 74.15
Hi, and thanks for looking at today’s update. Our attention is on oil after yesterday’s sharp selling took price back to key support. This level has held firm for buyers, but could this be the fourth time lucky for sellers? So far, production...
Today's focus: JPY AUDJPY GBPJPY
Pattern – Fade Resistance holds
Possible targets – AUDJPY 92.50/92.30 GBPJPY 173.39/172.95
Support – AUDJPY 92.30 GBPJPY 173.15
Resistance – AUDJPY 93.30 GBPJPY 174.20
Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing...
Today's focus: Platinum
Pattern – Support hold, trend break
Possible targets – 1070
Support – 993
Resistance – 1035, 1070
Today’s update is on Platinum. We have run over our thoughts and levels we are watching. Yesterday’s solid rally has held support and has started to test support after breaking the current downtrend. Will we see buyers clear resistance and...
Today's focus: USD Index
Pattern – Continuation
Possible targets – 105.60
Support – 103.40
Resistance – 104.20
Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend...
Today's focus: Bitcoin
Pattern – LH, leg lower.
Possible targets – 26,330
Support – 26,330
Resistance – 27,890
Today’s update is on Bitcoin as sellers have started making a solid move against the leg higher we have seen recently. Overall today, money has been moving out of risk currencies and into safe havens. This includes crypto, which has been treated as a...
Today's focus: EURGBP
Pattern – Range/Descending Triangle
Possible targets – .8600
Support – .8670
Resistance – .8705
Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
Today's focus: Oil
Pattern – Ascending Triangle
Possible targets – Downside 69.73, Upside 76.50
Support – 71.49
Resistance – 74.05
Hi traders, today we’re looking at oil after yesterday’s fast move down that snapped a three-day winning streak. Could this be the start of a move that breaks out of the current ascending triangle pattern? Sellers have some support...
Today's focus: US30
Pattern – Support point, descending triangle.
Possible targets – Downside 31,840 Upside 31,160
Support – 33,033
Resistance – 33,705
Thanks for checking out today’s update. Today’s analysis is over the US30 daily as price sits around support in a descending triangle pattern. Yesterday price broke lower after buyers failed to beat Monday’s...
Today's focus ADA
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we...
Today's focus USDJPY
Pattern – Resistance test.
Possible targets – 138.50 (Upside) 136.30 (Downside)
Support –
Resistance – 137.75
Here we are again back at the 137.75 area that has stopped USDJPY rallies since it developed around December 2022. This is the fifth rally from buyers that has tested this area. Will we finally see a break of this level this time...
Today's focus GER30
Pattern – Range – diagonal consolidation pattern
Possible targets – Upside, 15,985 – 16,160; Downside, 15,718 – 15,530
Support – 15,740
Resistance – 15,965
Hi, and thanks for looking at today's update. Our focus is on the GER30 as price sits in a range but has also formed a wedge/diagonal pattern that could signify movement to come. It's an...
Today's focus Gold
Pattern – support hold
Possible targets – 2035
Support – 2007
Resistance –2016.50 (4H) 2034.50 - 2050
Hi traders. Thanks for checking out our latest update. Today we are looking at Gold and running over a few of the points we are watching price-wise that could suggest a new move higher. Price Is trying to clear some 4H resistance and has...
Today's focus FRA40 CAC
Pattern – Support hold - continuation - HL
Possible targets – 7465 - 7600
Support – 7315 - 7360
Resistance – 7460 (ST)
Indicator support – CCi close to 0 cross – 38.2 fib area
Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could...
Today's focus EURUSD
Pattern – Resistance stall
Possible targets – 1.1165 Upside 1.0965 downside
Support –
Resistance – 1.1065
Indicator support – ECB meeting MA slope up
With the ECB to come, we are focusing on the EURUSD as price continues to be held at 1.1065 resistance. Price has continued to trade in an up trend but, for now, remains held back at...
Today's focus AUDCHF
Pattern – LH - Continuation
Possible targets – .5920 .5875
Support – .5951
Resistance – .5875
Indicator support – MA sloping down, CCI 0 Cross
Hi and welcome to today’s update. Today we are watching the AUDCHF and wondering if we will see a new continuation lower that will maintain the current downtrend. Yesterday buyers made a solid move...
