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GBP/USD has now swung up to and is testing the .500 fib for the second time in 2 weeks. This is also just above the 1.500 level which is a strong psychological number. We had a false break of this level in March following a news release. Price may sell off from this point, although we could see a test of the .618 fib level. With the elections coming up in less...

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Following some dissapointing data out of the US this week we have seen a very impulsive move up of over 350 pips from the yearly low. Price is currently at a very strong resistance level and has been tested countless times over the last few weeks. On the 4 hour we have formed a pin bar which could indicate a push back south, however, a break of the 1.495 level...

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Apple has formed a symetrical triangle on the daily time frame. It has now formed 2 inside bars as price has stalled in recent days. Price has broken two inner trend lines and is hovering above the 20EMA. We are seeing indesicion in the market and price can move in either direction (obviously!) I anticipate a break below 125 will see lows of 123. A break above...

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After forming a double top at the .618 fib level price has now broken the neck line on this pattern and price should continue to fall to previous lows before hitting support. Both the GBP and Euro are quite bearish at the moment but the sterling is still fundamentally the stronger currency out of two and I will remain short on this pair.

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Like the other Euro pairs this one is no exception. Today we have seen rejection from support turned resistance. Price has also formed lower highs since mid march. I would like to see a more convincing pin bar on the daily close, however, with the fundamentals combined with the technical analysis I will be remaing short unless baby Jesus returns to earth with a...

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More short entries on EUR/USD from supply area .500 fib. Greece are due to run out of money mid month with no prospects of a bail out yet. No good news coming out of Europe and this is the longest bear run we have seen on the Euro since 2008! Fundamentally and technically we should be remaining short on any Euro pairs.

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On the weekly time frame we have seen a nice pin bar/shooting star form. It has rejected off of the .500 Fib and if you zoom into the daily chart it has rejected from the 200EMA. From here we may see a small pull back into the pin bar but overall my bias is short on this pair. Just be aware of the fundamentals this week, we have a few big releases coming out of the US.

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On the 24th we formed a Small shooting star (although it could be argued it did not break previous highs so would be invalid), followed by an inside bar, then today we have seen a move to previous highs which formed after the Fed meeting. All of these highs have failed to close above the .500 fib. On the 4hr chart we have seen an impulsive move back down forming...

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USD/CAD is forming a hammer on the daily as it apporached the 50 EMA. It has also formed an inside bar on the 4 hour chart which is a continuation pattern which is currently bullish. Price has been stuck in this range for a while now so I'm hoping for a well overdue break out north. I am looking for a long position to 1.2900 with the stop just below todays candle.

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Although we have another hour till NY close price has formed a small shooting star/pin bar on the daily charts. This coincides with the previous swing high on 18/03 and just below the .618 fib. We may see some support on the 20EMA and the previous S/R at 1.08500, however, I will be looking to enter short with a target of 1.01000

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AUDUSD has tested the outer channel resistance towards the end of last week. Price did breach the 200 EMA but quicky retraced. It then made a second attempt on the 200EMA and failed forming a bearish pin bar. If we look historically price has respected the 200EMA for several months now. There is strong resistance at .78500 which I think price will struggle to...

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NZDUSD has formed a double bottom and closed on a very bullish weekly candle. This could be the indication of a trend reversal. Price has reached a strong resistance level which coincides with the descending trend line. The prior week candle showed strong rejection from the support at .71700 If we get a breakout re-test of the support level I will look to get long.

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As discussed a few charts back I was long USDJPY. As you can see from the 4hr chart the price is starting to wind up which is a signal for an impending breakout. It has formed a symetrical triangle which means price can break in either direction but I still believe we should be bullish on this pair. Once price breaks the 122 level we should be looking at a...

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I'm looking for a pull back to 1.27100 which is a support/resistance level from Jan 2015 and 2009. From this area I will look for a long position. Technically price is still waiting to make a proper break of the range but with the recent bullish momentum, weak Canadian dollar and strong US dollar I believe it is inevitable that price will break out north. It's...

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I am looking to go long on GBPJPY after price has tested several areas of confluence at the end of last week. Price has rejected from the support level which was the previous high from Oct. It also conincides with the ascending trend line and close to the 200 EMA. We can see price has respected the 200 EMA on several tests in the past. I will wait to see how...

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Looking at the daily chart I am looking for another test of the supply area at .74400 which coincides with the .618 fib. Price has also rejected from the 20EMA. We can see historically that this level has held price off for quite some time. The reason I am waiting for another test is because the initial rejection was not as strong as I would have expected. If the...

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The EURUSD is at an interesting point. If we zoom out to the monthly and look at the overall trend we can price has been in this downward channel since 2008. However, more interestingly we can see the black ascending trend line which has been testted twice. Once in 2000 and once in 2001. Both times price has failed to break it. Both these lines cross at around ...

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So initially I was waiting for a pull back to .78500 for this pair before going short. Price has now broken out of the channel and is heading south. Ideally I would like to see a pull back to .76800 before entering which may take a couple of days if it moves back at all. Price has stalled at the yearly low set on 2nd Feb. I don't advise blindly entering this...