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.   […]

Read More

  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 […]

Read More

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 […]

Read More

    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 […]

Read More

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 […]

Read More

  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 […]

Read More

  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 […]

Read More

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 […]

Read More

Aussie Dollar reached fresh new highs today, breaking 0.94 resistance and hitting as high as 0.9456, the highest level reached since 19th Nov 2013. The reason for this strong bullishness is simple – 2 positive economic news in the form of higher than expected Consumer Inflation Expectations and an unexpected decline in Unemployment Rate from […]

Read More

A weaker US dollar was the main theme yesterday, as pairs such as EURUSD, GBPUSD and AUDUSD climbed sharply during the European and NY sessions.It all started with BOJ rate decision, which ignited bearish pressure on USDJPY. Investors were seen unwinding positions of the US dollar. Poor U.S. economic data, and better UK and Eurozone […]

Read More