EURAUD has been trading within a range today, however the the price has just reached a key support level that has seen bullish price activity before. As this support area has held multiple times, our short-term bias for EURAUD is long with targets at the previous high. The RSI indicator on the 30m and 1hr time frame are currently in oversold conditions which add...
CADJPY has been in an uptrend since the 14th of Feb, setting lower lows and higher highs. However this uptrend was unable to surpass the previous high of 91.456 on the 11th of Feb. The RSI indicators on the 1hr and 30m time frame show current levels to be in overbought regions, which adds to our short term bias. The target of this trade is located around the 90.6...
Bitcoin has just fallen by 3% from the 44k area back down tot he low 42.4k region. However the retracement has approached a key support level which BTC has reacted too well in the past. If this current structure can hold then its likely for there to be another leg up to the upside this week, especially with the FED meeting scheduled later this week. Recently, BTC...
Oil Markets are currently trading at the highest levels since 2014 after just reaching the 96 area. There has been a small retracement from this high to the current region (93.88). The RSI indicator on the higher time frames show very overbought levels which show that price could fall from this area down to the previous resistance zone. The target of this short...
CADJPY has been trading in a downtrend for some time now, however the price has been respecting the key zone of 90.15/90.30. There has been multiple occasions in which the price has fallen to this area and reacted well. Since breaking below this key level on the 24th of January, CADJPY has been setting higher lows and the price has been conforming to an upwards...
EURGBP has been in a downtrend since reaching the 0.841 level on the 24th of January. The price has been setting higher lows and lower highs since reaching this key zone. However the price has just fallen towards the support area of 0.83, which in the past has seen price increase from this zone. The RSI indicator on the 30m and 1hr time frame so very undersold...
EURUSD has just fallen below the key phycological level of 1.131 and is currently trading around the 1.128 area. Today at 7pm GMT the chair of the Fed will speak in the FOMC minutes regarding rate hikes and inflation. A lot of investors believe there will be movement across USD pairs in the run up to the meeting. The current bias is bearish as many believe there...
EURUSD has just dropped below the key 1.13 level following the recent volatility across markets. This morning the price has fallen towards the support zone of 1.1285, an area where price has seen upwards movement previously. The RSI levels on the 1hr time frame are in oversold conditions (3.48) which shows that there is room for price to increase from this area....
All cryptos are facing big corrections right now, with Bitcoin down 10% since last week. FTM is one of the only Alt-coins that hasn't seen a big price drop yet, due to the trading volume and market capitalisation. However as BTC usually drives this market, it's likely for FTM to also fall from its current levels. To mitigate risk, the stop-loss is 5% from the...
AUDUSD has been trading in an uptrend for some time now, setting higher highs and lower lows since early December. However, last week AUDUSD was unable to surpass its recent high of 0.73111 and as a result the price has fallen and broken structure. The price is now trading at a key demand zone, if the price can stabilise here then a retest of the recent high...
GBPUSD has been in an uptrend so far in January after the continuation of the weakening Dollar. Our in-house short-term bias is now short as Cable has been unable to pass the recent high of 1.36426. Cable has also been setting lower lows, which in conjunction with the overbought levels on the RSI indicator, adds to our short bias. If GBPUSD is unable to surpass...
After EURUSD fell towards the support zone of 1.31 there has a steady uptrend forming. The recent Dollar weakness has pushed EURUSD up from this key level, and with the apparent continuation of this weak Dollar it's likely for a retest of the previous resistance level. The RSI levels on the 4hr time frame show this current level to be in oversold conditions which...
Luna has been performing well during this turbulent time for cryptocurrency. Since reaching the $81.30 area, Luna has seen a lot of buying pressure at the $76 level. If this uptrend can continue then it's likely for there to be a restest of the previous high. The target for this trade is around the $82 level, however, if the price surpasses the level with strong...
AUDUSD has just fallen by 1.3% towards the support area of 0.71250. The last time that the price reached this level the price managed to move nearly 1% to the upside. AUDUSD has also been trading within an ascending channel, respecting the upper and lower bounds. As this level has seen the price increase multiple times it's likely that it will do so again. To...
Last week most USD pairs and indices fell in price drastically which resulted in Gold rising past the key 1820 level. However, it appears that the momentum has slowed down for Gold as there has been a failure to reclaim the 1830 level. Because of this and the fact many USD pairs and Indicies have seen some buying activity at their low levels, it might mean that...
Following on from our previous SPX analysis, our in-house view is for the S&P to re-test all-time highs following the US inflation data due today. Our previous analysis mentioned our long sentiment, however, our position got stopped out on Monday following the sell-offs found across all the main US tech stocks and indices. Our target lies at 4800 and beyond for...
USDJPY has seen some sell-off from the 116 level recently, with the price currently trading around 115.4. Today at 1pm the CPI and inflation data will be released. The inflation c consensus is 7%, the highest in many years for the US. If this is the case then USD pairs will surge, with many analysts predicting strength for the dollar should this data match the...
EURGBP has been in a consistent downtrend since the 8th of December, falling from 0.86. area to the current levels of 0.834. The price has been making lower lows, edging ever so slowly to Feb 06's low of 0.8278. However, it appears that EURGBP has found some support at the current levels, with a retest of 0.838 on the cards. Our in-house view on EURGBP is long on...