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These are the key levels to look out for on the Nikkei225. Please refer to the 4hr chart for a strategic view!

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ASX is testing its support at 6109.7 where if broken, could trigger a further drop down to its support at 6055 (61.8% Fibonacci extension, 76.4% & 50% Fibonacci retracement). Stochastic (55, 5, 3) still has some downside potential as it approaches its support at 2.6%.

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These are the key levels to watch out for. Please refer to the 4 hr chart for a strategic view!

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The recent setback off a key resistance at 114.50 is well depicted by the formation of a bearish pin bar with a long tail on the weekly chart. Note that the candle pattern comes after two previous weeks of decreasing tick volume on the way up, followed by a significant increase in sell-side tick volume activity last week, hence why it may be challenging for buyers...

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Judging by the top-down analysis, buyers remain embroiled in a difficult situation as sellers remain in control of the daily and weekly price action. While the hourly has now entered a consolidation phase after the creation of a double intraday resistance just ahead of 1.1550, it will be quite a challenge for buyers to recover much ground as technicals and...

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Watch the AUD/NZD chart: The weekly shows we might be on the cusp of a pennant continuation pattern in concurrence with ballooning AU vs NZ 10yr yield spread, breaking away into new multi-year highs. Other factors supporting the trade: - The pennant continuation occurs within the context of higher highs on the weekly chart. - Tick volume has been picking up...

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The perky Sterling found a steady wave of buying interest on Thursday, which allowed the formation of a daily bullish outside day amid decent tick volume. On the daily, the bullish structure of higher highs and higher lows continues to play out, however, it faces the tough challenge of extending further up amid the bearish daily trend on the UK vs US 10-yr bond...

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The daily shows price retesting an area of demand between 113.50-80, which marks the origin of the spike to a weekly resistance area at 114.60. The increase in sell-side tick volume with a tail at the bottom is indicative of a market still interested to engage in buy-side action at cheaper prices and is so far absorbing the diversification back into yen following...

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Today's trading in the EUR/USD will be dominated by the release of the US NFP. This is an occasion for market participants to re-assess the state of affairs in the US economy, which for now remains in rude health as indicators indicate. Looking at the daily timeframe, the combination of a bearish outside day on Thursday, followed by a rejection of the...

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The pair is shaping up to break a major weekly resistance at 114.50. As of today, Thursday (Oct 4th), the dominant flows in the market seem to suggest that a bullish resolution may be nearing. The close at the highs by 5pm NY is the first clue of the sheer conviction by long accounts. When a candle has such as a strong close, it communicates the refusal to take...

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We saw some incredible moves in US yields and It feels like a watershed moment. The steepening of the US curve cannot be ignored, which has also led to the collapse in German vs US 10-yr bond yield spreads. Throw into the mix the struggles from other DM bond yields to keep up the pace of US yields, and the US iS much better positioned to import foreign capital as...

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If you are a discretionary trader, this chart illustration will hopefully enhance your understanding of what to consider key areas in a chart where opportunities may arise. They go by the name "liquidity areas/levels". Understanding the levels where you want to engage in buy/sell action is absolutely critical. After all, the ABCs of technical analysis orbits...

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In this video, I walk you through a top down analysis in the EUR/USD. Based on the next target to be reached at 1.1535, there is room for a potential 2:1 risk reward on a test of 1.16 area.

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The risk sentiment environment, judging by our proprietary macro risk-weighted index (RWI measures 9 risk-sensitive assets), has now broken below the 100-hourly moving average for the first time since Sept 11. The sharp downward move implies caution around bidding up risk, and in the currency market, this might translate in reservations to be overly committed to...

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The pair exhibits a price absorption after Monday's Draghi-led spike faded in response to renewed concerns over the Italian budget deficit outlook, which led to an increase in the Italian 10-yr bond yield. Monday's price action was characterized by low tick volume but if we are to analyze the sequence of the last 5 trading days, the volume activity of increasing...

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The pair maintains a bullish structure, with the risk-weighted index crystallizing the view that dip buying should remain an attractive strategy. Find below the pros/const for the bull trend to resume its course. PROS: - The overall structure of higher highs and higher lows on the risk-weighted index continues. - The structure of the pair keeps also printing...

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The Sterling has succumbed to the negative headlines around Brexit, making the prospects of a deal a very distant outcome at present time. The heightened political risk in the UK is weighing too, with a snap election in the UK not to be ruled out. Overall, the outlook has turned bearish for this week. Find below the pros/cons supporting this view as the chart...

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The major breakout above the 1.1720-30 liquidity area last Thursday is a clear bullish technical development for the pair. Find below all the pros/cons as the chart and correlations stand: Pros: - Thursday clean break closed at the highs of the day on high volume vs lower volume and smaller candle on Friday. Conductive for a trend continuation. - The 8-day sma...