These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! Spike through the 118.24 resistance figure mentioned in yesterday's was quickly met with selling just a few pips ahead of the 118.66 strong resistance figure. Short-term support at 117.2 keeps buyers in control...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! The attempt at the .6972 resistance level was quickly matched with selling pushing prices close to key support at .6862. With AUDUSD firmer in its' respective range the same may follow through on this pair given...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening Traders! The .6972 resistance figure held almost to the pip at the end of the 2016 year printing a high at .6979. That high now marks key resistance to keep buyers in check and sellers in control. Below the figure selling...
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! Having held the .716 low toward the end of 2016, consolidation is to be expected on this pair until we manage to break to the downside. The .7246 resistance level will put pressure on the downside and as long as...
After a downtrend from Dec 12th and hitting a support at 0.7170 the period of consolidation has started. Watch for a test of 38.20% Fib level.
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders! With today being the last trading session of the 2016 year this pair will likely remain in consolidation, despite the buying pressure being seen. The .7232 figure marks strong resistance and it is likely to see...
USDCHF is trending sideway for a moment now after a huge uptrend. We have a flag formation here. Maybe it's a just a moment of consolidation for the trend to continue or the beginning of a reversal. I'll be waiting for a breakout to decide where to go.
Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts. When I activate my trade. I will hold unto this position till around the 78.6% ( 0.9396 ) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.
Yesterday's short-term technical outlook: With the initial institutional resistance at 84.65 failing to hold we are seeing an easing in selling pressure. This could signal a revival of the longer term uptrend on this pair. Next key institutional resistance is at 84.92. If this figure also fails to keep the upside in check we could see a decent revival and...
Yesterday's short-term technical outlook: Yesterday's outlook played out just as expected with a swift push up into the 123.2 figure. We will now see if pending short orders protect the resistance level and any further upside, or if buyers take control and break through it. If 123.2 can hold we can expect to see further consolidation/downside. If 123.2 is...
Yesterday's short-term technical outlook: Price is currently breaking out of that rounded resistance trend line to the upside. If buying pressure holds the first upside target is at institutional resistance at .6926. This level will be key as a break above will signal a deeper pullback to major resistance at .6972. For the time being a move above the .6972...
Yesterday's short-term technical outlook: With the .716 short-term support holding today and the back side of the resistance trend line holding as support we are seeing an easing in selling pressure. A deeper pullback is not yet confirmed however until we break above .7232. If price does break above the latter we will likely see a deeper pullback with next key...
Yesterday's short-term technical outlook: The 117 short-term support figure has held since our previous outlook on this pair. With the resistance trend line being broken to the upside and since then acting as support we may be seeing a push to the upside. Price has yet to sustain above the 117.63, which will be required for further upside. If however price...
Good morning traders. With the 1.0344 figure holding as resistance and keeping the buyers in check for 8 consecutive trading days it is not likely that we will see it broken so easily. There is no real economic data to suggest an increased level of volatility to support a breakout. In addition the pair would be approaching its average daily range for the day if...
Previous short-term technical outlook We have yet to see price break above this rounded resistance trend line marked on the chart, with price very much respecting it in our previous short-term technical outlook. The dip to the downside on Friday however was quickly bought up at the .68620 low and the engulfing candle on the daily signals a deeper pullback. It...
Previous short-term technical outlook: Since the previous short-term technical outlook the spike high at 1.05 remains keeping buyers in check. It now marks our first short-term institutional resistance. Below the 1.05 figure and below this swing high at 1.047 we can expect to see further downside. First institutional support is at 1.0424. A break below the...
Previous short-term technical outlook Since posting the previous short-term technical outlook we did see price break out of the wedge pattern to the downside, however it was quickly bought up at the 117 figure. We are now seeing decent buying pressure stepping in. The first key area of resistance to keep the upside in check is at 117.63. A lift above the...
Previous short-term technical outlook: Since the previous short-term technical outlook there was a choppy move lower that bottomed out around the 122.2 figure. We are now seeing a rather sharp push to the upside right out of the open. The bias on this pair is neutral for the time being. There is decent resistance at the 123.2 figure where we can expect to...