Orion-Markets

Orion-Markets

Gold has tested trend line support and displayed key rejection on 4hr time frame. Horizontal level and an oversold market support the move to the upside.

Orion-Markets

EURNZD has pulled back to test support, the market is heavily oversold and presented a good buy signal, we are expecting bulls to take over to the top of the range.

Orion-Markets

GBPNZD has pushed higher to test trendline and horizontal resistance. After a dovish BOE, we are expecting further downside to Sterling especially amid election uncertainty.

Orion-Markets

EURCHF continues to trade within trend channel. The pair has moved higher to test trend line, horizontal and bollinger band resistance. We are looking for potential sell opportunities.

Orion-Markets

AUDUSD is at key resistance, the market is approaching overbought conditions and offering good selling opportunities.

Orion-Markets

EURCHF has pulled back to trend line resistance. Euro area fundamentals remain weak so we are looking to sell at resistance with short term RSI being in overbought conditions.

Orion-Markets

GBPCHF is testing resistance around 1.27600 zone. Resistance in the form of 1hr trendline and horizontal level, bollinger band and 38.2% fib. The market edges towards overbought, we are expecting bearish price action.

Orion-Markets

CADCHF has moved lower after a slew of poor US and CAD data. The pair has moved lower to test trend line support and has posted bullish price action, we are now expecting a move to the upside after a break of short term resistance.

Orion-Markets

EURGBP has consolidated towards the bottom of the recent move lower. The pair approaches overbought conditions, yet hasn't attempted to break higher. We are therefore expecting a break lower after a bounce from the top of the wedge.

Orion-Markets

GBPNZD trades in short term wedge pattern, on the short term the pair is overbought and we are expecting the pattern to hold. Short term swing trading strategy.

Orion-Markets

EURCAD is trading at the top of its daily range posting a triple top. With the market being drastically overbought, we are expecting a pullback. 50% fib and daily bollinger band support the reversal

Orion-Markets

AUDUSD trades at key resistance zone, triple top and downward trend line. Resistance above around 0.6900 also. On the shorter time frame RSI shows divergence, displaying a loss in momentum.

Orion-Markets

CADJPY is approaching resistance at around 84.250 level where weekly trend line coincides with horizontal level. The market approaches overbought conditions so we will be awaiting a test of this level before assessing short opportunities.

Orion-Markets

AUDNZD has pulled back to key resistance zone. It is now trading at daily bollinger band resistance, 4hr trend and horizontal level and 61.8% fib. The pair is overbought on the short term. With AUD price buoyed by the price of oil we are expecting a bearish retracement.

Orion-Markets

GBPAUD continues to trade within the daily uptrend, however the market has consolidated at the top of the trend amid Brexit uncertainty. On the shorter term, the chart is posting lower highs and equal lows. We are expecting a bearish breakout from this consolidation area.

Orion-Markets

EURNZD has broken lower below the trendline and found support at the neckline of a developing head and shoulders pattern. We are awaiting a test of resistance created by former support before a move lower.

Orion-Markets

CADCHF is approaching second resistance area after a break of key trendline. With the market now overbought we are expecting a retracement to at least re-test the broken resistance.

Orion-Markets

Gold is testing the upper range boundary. Resistance above comes in for of 1500 handle and 4hr bollinger band. We are looking at short entries from around 1494.00.