walker.england

walker.england

After this morning’s Employment cost data, the USDollar has sold off against the Forex majors. This includes the GBPUSD, which is now attempting to move to new weekly highs. Today’s breakout is marked by price moving beyond the R4 Camarilla pivot, displayed below, at a price of 1.5640. With the creation of a new higher high, traders can use this bullish bias on...

walker.england

The USDollar has gained strength after yesterday’s FOMC event, causing pairs such as the EURUSD to decline. Currently the pair is testing daily values for range support, found at the S3 Camarilla pivot at a price of 1.0948. If price has already tested support once, and if prices stay above this point traders may look for prices to bounce back towards resistance....

walker.england

The USDJPY has attempted to breakout this morning, with price currently trading above key values of resistance. Today’s, breakout begins above resistance is found at the R3 Camarilla pivot point, at a price of 123.69. If price remains above resistance, this would be just the first bullish breakout in the last five trading sessions. As prices move towards higher...

walker.england

The EURUSD has been retracing for most of this week’s trading, moving as much as 209 pips against its primary downtrend. Despite this advance early in the week, prices have begun moving lower again in early Fridays trading. Prices are currently moving on the S4 Camarilla pivot point found at 1.0928. A breakout from this resistance value, would signal the creation...

walker.england

Market Condition: Retracement Target 1: Figure Support at .6600 Target 2: 2015 Low .6498 Invalidation: .6770 The NZDUSD continues to be one of 2015’s strongest trends, declining as much as 1418 pips year to date. Today marks a retracement for the pair as the NZDUSD has bounced after last night’s RBNZ interest rate decision. This event has pushed price into a...

walker.england

The USDJPY is currently range bound this morning, trading inside of a 39 pip range. So far this morning the pair has already bounced from range support. This value is currently found at the S3 Camarila pivot at 123.68. As price is now advancing, Forex traders will begin to monitor range resistance at 124.07. If prices remain below this point, it can open up the...

walker.england

The GBPUSD has opened today’s Forex trading session range bound, traversing in a 49 pip range. Currently this range has been defined by resistance found at the R3 Camarilla pivot at a price of 1.5582. Making up the bottom of the range is current price support at the S3 pivot at a price of 1.5533. So far price has tested both values of support and resistance once....

walker.england

The USDJPY has opened today’s US trading session attempting to break higher on better than expected USD Initial Jobless Claims data for the month of July. Even though the news release came in better than expected, so far the USDJPY has been rejected at today’s R4 daily Camarilla pivot at 124.14. With prices now trading below today’s breakout pivot, traders may...

walker.england

After a series of range bound daily candles, the NZDUSD has remained range bound in early trading this morning. Price is currently trading near the S3 Camarilla pivot, which represents range support at .6686. At this point in time, price has yet to trade towards the R3 pivot which is found today at .6727. This point is currently acting as range resistance creating...

walker.england

The USDCAD has been on the watch list of most Forex traders this week due to a slew of US and Canadian data releases on the economic calendar. This morning the pair started today’s trading inside of a 44 pip range in anticipation of Canadian employment figures. Despite numbers coming out better than expected price has remained range bound, and has recent moved off...

walker.england

The EURUSD has opened Wednesday's trading inside of a defined Camarilla pivot range, trading between both the S3 and R3 pivot points. Current range bound conditions are to be expected as many traders are waiting on today’s FOMC meeting minutes release prior to taking new positions on markets. Currently price is trading just off pivot resistance, found at the R3 at...

walker.england

The USDJPY has failed to breakout to higher highs this morning, while many of the Forex majors are moving on US Dollar strength. . The USDJPY can be considered range bound as long as price remains trading inside the R3 pivot at 122.85. So far, price has stayed below this value in early trading, suggesting prices may attempt to test values of support. Price...

walker.england

USDCAD moves to range support at 1.2552. A bounce exposes resistance at 1.2620. A breakout under 1.2519 would signal a bearish reversal.

walker.england

The AUDUSD hast already tested two extremes in today’s trading. Overnight the pair attempted to breakout to higher highs, above the R4 pivot at .7738, on better than expected building data. Prices failed to breakout at this point however, and prices are now testing values of support. Currently price is trading off of the S4 pivot at .7667, with the USD being...

walker.england

The NZDUSD remains one of the markets weakest currency pairs based on overall NZD weakness. Overnight, the NZDUSD moved to a new 11 week low on worse than expected Business Confidence data. Prices quickly moved through range support, located at the S3 Camarilla pivot at .6822, and continued to decline towards lower lows. Currently price remains under S4 support at...

walker.england

The EURUSD has started Fridays trading ranging between values of support and resistance. Price is currently retesting support at the bottom of today’s trading range found at the S3 camarilla pivot at a price of 1.1180. It should be noted that price has already moved through today’s 40 pip trading range twice at this point in time. In the event that values of...

walker.england

The Dow Jones FXCM USDollar Index (USDOLLAR) has advanced in four of the previous five trading sessions. However, in this morning’s trading, prices have retraced to key values of support. Currently prices reside at today’s S3 Camarilla pivot found at 11,845. In the event that prices begin to bounce, traders will begin looking for the index to head back towards...

walker.england

The USDJPY has opened today’s US trading session, breaking higher on USD Durable Goods Orders for the month of May. Even though the release came in worse than expected the USDJPY still rallied and pushed beyond its R4 daily Camarilla pivot at 123.82. If price continues its advance from this point, it would be just the second daily close higher for the pair in the...