USD/JPY:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern between 118.66/104.62.
The month of March concluded by way of a long-legged doji candlestick pattern, ranging between 111.71/101.18,...
EUR/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
As we head into the early stages of April, March left behind a long-legged doji indecision candle, with extremes crossing paths with heavyweight demand-turned supply at 1.1857/1.1352 and demand at 1.0488/1.0912.
To a...
EUR/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
As we head into the early stages of April, March left us with a long-legged doji indecision monthly candle, with its extremes crossing paths with a heavyweight demand-turned supply zone at 1.1857/1.1352 and demand at...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, the month of March scored seventeen-year lows at 0.5506 ahead of demand pencilled in from 0.5219/0.5426, before staging an impressive recovery. The move reclaimed more...
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
In the early stages of March, price manoeuvred EUR/USD into a heavyweight demand-turned supply zone at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, however, the pair reversed gains and burrowed into demand...
GBP/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Bottoming at lows not seen since the 1980s, ahead of a 127.2% Fib ext. level at 1.1297, March’s candle has staged an impressive recovery and regained approximately 80% of the month’s losses.
Support at 1.1904/1.2235 may,...
GBP/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Bottoming at lows not seen since the 1980s, ahead of a 127.2% Fib ext. level at 1.1297, March’s candle is staging an impressive recovery and has regained approximately 80% of the month’s losses.
Support at 1.1904/1.2235...
GBP/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Bottoming at lows not seen since the 1980s, ahead of a 127.2% Fib ext. level at 1.1297, March’s candle is staging an impressive recovery and has regained approximately 50% of the month’s losses.
Support at 1.1904/1.2235...
USD/JPY:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern (118.66/104.62). February had price elbow a touch outside the upper boundary of the aforementioned descending triangle to 112.22, though...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, demand at 0.6358/0.6839 yielded, scoring seventeen-year lows at 0.5506 ahead of demand pencilled in from 0.5219/0.5426. Recent movement, however, staged a reasonably...
USD/JPY:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern (118.66/104.62). February had price elbow a touch outside the upper boundary of the aforementioned descending triangle to 112.22, though...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, demand at 0.6358/0.6839 and 0.6094/0.5866 recently yielded, scoring seventeen-year lows at 0.5506.
Recent movement, therefore, exposes the possibility of another...
USD/JPY:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern (118.66/104.62). February had price elbow a touch outside the upper boundary of the aforementioned descending triangle to 112.22, though...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, demand at 0.6358/0.6839 and 0.6094/0.5866 recently yielded, scoring seventeen-year lows at 0.5506.
Recent movement, therefore, exposed the possibility of another...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, demand at 0.6358/0.6839 and 0.6094/0.5866 yielded last week, scoring seventeen-year lows at 0.5506.
Recent movement, therefore, exposed another layer of demand at...
EUR/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
In the early stages of March, price manoeuvred the pair into demand-turned supply at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, the unit has reversed gains and burrowed into demand at...
GBP/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Down more than 9% in the month of March, south of trendline resistance (1.7191) traders pushed through a familiar area of support at 1.1904/1.2235 in recent trading. With price toying with lows not seen since the 1980s, the...
AUD/USD:
Monthly timeframe:
(Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves)
Overwhelmed by the effects of the coronavirus pandemic, demand at 0.6358/0.6839 and 0.6094/0.5866 yielded last week, scoring seventeen-year lows at 0.5506.
Recent movement exposed another layer of demand at 0.5219/0.5426,...
