ToniSignals

ToniSignals

We are looking for continued upside. Despite yesterday closing bearish, price formed a higher high and higher low than the previous day, and on the 1H chart price has formed a break and retest pattern of the corrective wedge. We are looking for upside into 1.39000

ToniSignals

AUDUSD is trending to the upside currently prior to the USD Redbook Index Data, which gives a sales weighted index of over 9,000+ stores. Technically the pair has broken the corrective pattern, is holding trendline support, and the RSI is bullish. We anticipate continued upside into the 0.76300 level.

ToniSignals Updated 

EURNZD and EURJPY appear to have lost their correlation, and perhaps will we have some mean reversion on these pairs. This would involve selling eurjpy and buying eurnzd.

ToniSignals Updated 

NZD/JPY has traded into a 4 year high prior to the NZD Credit Card Spending data. Technically the Daily chart RSI is oversold, and the 1h chart rsi has bearish divergence. We have just exited our buy trade, and are now looking to reverse our position!

ToniSignals

GBPJPY is trending to the upside currently prior to the JPY Leading economic index data, which is a single summary statistic that tracks the current state of the Japanese economy. Technically the pair has bounced from trendline support, Fibonacci 21.4% support, and previous highs (not included on chart). We anticipate continued upside.

ToniSignals

EURUSD has broken support prior to the ECB Bank Lending Survey, which enhances the Eurosystem’s knowledge of financing conditions in the euro area. Technically the pair has broken range support, and done a retest. The RSI now points to downside, and we are targeting the 61.8% fibonacci extension level at 1.15450.

ToniSignals

USDCAD has broken the descending trendline prior to the CAD Retail sales data which measures the total receipts of Canadian retail stores. Technically the pair has broken the bearish trendline and the bearish structure. We anticipate upside now into the key resistance zone.

ToniSignals

AUDNZD has traded into support prior to the NZD Credit card spending data, which measures the total credit card spending domestically, and is a measure of retail / economic health. Technically the pair has traded into a key support, broke the descending trendline and the RSI has turned bullish. We anticipate a sustained bounce.

ToniSignals Updated 

AUD/USD is trading to the downside today prior to the US Retail sales announcement. We anticipate a bearish move down to level 0.7360

ToniSignals

NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend. We will be covering this position quickly.

ToniSignals Updated 

GBPAUD is trending to the downside after the AUD Unemployment rate data, which was 4.6%, against the 4.8% consensus (positive surprise). Technically the pair is bouncing out of 50% fibo resistance and below the trendline. We anticipate continued downside into the 127% level.

ToniSignals

NZDJPY is trending to the upside today, and there is a strong bullish seasonal tendency in play at the moment. Technically the pair is holding well above the support trendline and price has bounced from the 80.70 support. We anticipate this move to continue into the 82.40 resistance.

ToniSignals

NZDUSD was called long during US trading session yesterday. Our US session trader called this move.

ToniSignals

THis was called in yesterdays US session by our team.

ToniSignals

GBPUSD is holding support today prior to the USD Redbook Index data, which is a sales weighted index of over 9,000 retail stores in the US. Technically the forex pair is holding above the 1.37170 structure support, and we anticipate the bulls to continue pressure up into the 1.3870 level.

ToniSignals

Price is holding the 0.236% fibo level as resistance, and we are looking for the downside to continue into the -27% extension support at 1750. The RSI is also holding below the 50% level, and we anticipate the downside to continue.

ToniSignals

Price has formed a head and shoulders pattern, and has retested the neckline as resistance. The RSI has broken below the 50% level, and we anticipate a bearish move to continue. On the 1H chart price is clearly cycling to the downside, and we are looking for the -61.8% fibo to be hit. Recent highs are our violation level.

ToniSignals

USDCAD has found support following a short term trendline break. Later today the CAD Foreign Portfolio Investments in Canadian Securities shows the movements of incoming and outcoming investments (money market, stocks and bonds) from Canada. Technically the pair has held above support and the RSI has turned bullish. We anticipate continued upside into the 1.2460 level.