AUDUSD trades above yesterday's high which was a potential swing low with a near-term target of 0.93. However on the intraday timeframe we are within a bearish channel and approaching a confluence of resistance the bias is for another leg down. We have just produced a hanging man reversal below the upper channel line […]

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EURUSD RESISTANCE:1.38581.38701.3883-051.3930 SUPPORT:1.38391.3814-251.3784-911.3749     BIAS:Risk is for consolidation (triangle) but note potential bearish reversal indications from 1.3880 onwards MAIN ANALYSIS:The break higher came as a surprise but interestingly this is developing at the same time as GBPUSD should find a high and USDCHF a low. Therefore I worked back through the structure here and […]

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  Our setup placed yesterday got triggered with a 12 pip variation and led a 50 pip lead to the south. We have seen a pull back to 61% from the entry point. The positive weakness for AUD and the recent strength from NZD will burn some more fuel to the south before exhaustion.   […]

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  We appear to have broken out of the bearish wedge and now trading beneath the daily pivot. Scalpers could consider bullish setups towards the daily pivot. A break above 0.8845 (Daily Pivot) opens up a run back to the 0.886 highs. Bearish setups below the daily pivot could be considered for a bearish leg […]

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I suspect we have either finished (or very close to completing) the correction lower before we see a resumption of the bullish daily trend     Over the past few sessions we have seen a decline in volume, which would usually add weight to the declines being a retracement, but this was also over a […]

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    Here's another potential reversal play, this time for the comdoll traders out there. AUD/NZD has formed a double bottom pattern on its daily time frame, suggesting that a long-term rally might be in the cards. Of course the currency pair still needs to break above the formation neckline around the 1.0900 major psychological […]

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Key Takeaways Dollar steady after comments from Fed's Yellen AUDUSD tested and failed around key resistance area The dollar despite losing its gain against the Euro and British pound has managed to maintain interest against the Australian dollar. AUDUSD has struggled to find bids after the Federal Reserve Chairwoman Janet Yellen indicated in a speech […]

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  At time of writing we are oscillating around the 50 period eMA on the 4hr chart and on track to close marginally above the consolidation range. There is the possibility we have seen an 'A-B-C' correction and for the uptrend to resume, but my bias for a deeper bearish pullback are as follows. It […]

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  USD/JPY: 4-hour Waiting for a chance to buy the Greenback again? Well this just might be it! After that sharp selloff earlier this month, USD/JPY is finding support at the bottom of its rising channel on the 4-hour time frame. At the same time, stochastic is climbing and indicating that dollar bulls are in […]

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The previous analysis anticipated 0.940 to cap as resistance. Whilst we did briefly break above we're now back below, following a Shooting Star Reversal candle Above is the client flow of CitiGroup G10 currencies. It is end-of-day data so it just help assess volume activity for past price action, as a confirmation more than a […]

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