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GBPUSD Technical Update 13th May 2015 (7:36 pm)

GBPUSD Technical Update 13th May 2015 (7:36 pm) Pair currently trading at 1.56453. We can see that the candle has turned red on this pair after the Bank of England released the quarterly inflation report (QIR) and it surprised the traders which led to a bearish follow through as traders sell the Pound. The BOE

By |2017-01-01T13:01:01+08:00May 13th, 2015|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

AUDUSD Technical Analysis on 4 Hour Chart – 12th May 2015

AUDUSD Technical Analysis on 4 Hour Chart - 12th May 2015 AUDUSD TECHNICALS: On the 4H. We see that we have an up trend. Price is consolidating within a triangle and we are seeing the pair bouncing off the bottom of that triangle and going beyond the down trend line that I have drawn. The

By |2017-01-01T13:01:09+08:00May 12th, 2015|Categories: AUD Crosses, Daily Technical Strategy|Tags: , |0 Comments

USDJPY – Technical Analysis on 18th December 2014

  The Dollar Yen continue to show bullish tendencies in this clear uptrend. On the left is the H$ and the right is the Daily chart. Starting with the daily chart, we can see that the pair closed with a Bullish engulfing candle and broke above the channel and the 15ema. This bullish set up

By |2015-05-07T23:39:49+08:00December 18th, 2014|Categories: YEN Crosses|Tags: , , |0 Comments

GBPJPY – Technical Analysis on Daily Time Frame on 2nd Feb 2014

Hi traders! Looking at the chart of GBPJPY on the daily time frame, we can see that he pair has found a low on the 100MA and rebounded from there. Using Fibonacci retracement, we can gauge that the pair's first target after the fall from high of 174.8 is the 23.6% Fib level at 166.386,

By |2016-05-12T00:58:13+08:00February 5th, 2014|Categories: Daily Technical Strategy|Tags: , , |1 Comment

AUDJPY Technical Analysis

Good day traders! AUDJPY Weekly TF - This pair is seeing some support right now at the 89.8 level and last week's candle ended with a doji, showing that traders are facing indecision at this level. If this support fails, we can see this pair lower at 88.2 support zone. After looking at this chart

EUR/USD still in a downtrend -27th Feb 2013

Good day traders! Euro dollar still in a down trend mode. From the chart, we can see that the pair is trying to go above TL2 after bouncing off TL1. Also take note that we have a trend line within a trend line situation with the smaller but steeper trend line named as sub-TL1 and