Submitted Jul 27, 2016|From thinkmarkets.com

After today's inflation data we noted the subdued bullish reaction from AUD bulls and now on guard for bears to take back control. As we await post-Brexit data from Europe this week, we suspect only mediocre data from the area is required to send ...

Submitted Aug 10, 2015|From thinkforex.com

Since the intraday break below 1.092 and prompt reversal AUDNZD has rallied over 420 pips in four sessions, suggesting the 1.0893 low was the end of an ABC correction. We cannot yet rule out another leg or two lower (to form a Double Zig Zag or ...

Submitted Aug 7, 2015|From thinkforex.com|5 comments

Yesterday's close provides several clues which makes me suspect a downside break of 1.5464 is pending. The open to close (OC) range engulfed the previous OC range, produced a 10-day intraday low and closed at an 8 day low. The fact it also closed ...

Submitted Jul 20, 2015|From thinkforex.com

Whilst I suspect Euro is headed towards the multi-year lows I do not expect it to be the one-way bet, straight affair. Bounces can be expected which could provide decent areas of resistance to consider fading into. Having finished on Friday at the ...

Submitted Jun 10, 2015|From thinkforex.com

Tomorrow could provide an exciting Asia session, assuming volatility is your thing, as RBNZ provide their OCR decision and AUD traders eagerly await employment figures. Over the past five weeks the currency pair has exhibited four indecisive ...

Submitted Jun 3, 2015|From thinkforex.com

WTI appears set to re-test the annual highs of $63.25, assuming it can take advantage of USD weakness and the pending OPEC meeting. We did indeed see the swing low at 56.65 support, with the low producing a Bullish Hammer on D1. The gains since this ...

Submitted Feb 26, 2015|From thinkforex.com|4 comments

The Aussie goes into tonight's 'Nylon' session firmly on the back foot where US GDP gets the final say for the week. Wednesday's 4-week high required three data sets to break it above 0.748 resistance. The fact it toppled over on the back of US ...

Submitted Feb 4, 2015|From thinkforex.com|23 comments

With weaker oil, soft manufacturing data for Canada and inflows to JPY with Euro uncertainties then CADJPY is an ideal shorting candidate. Technically CADJPY may offer a decent opportunity to get short with several areas of resistance to consider ...

Submitted Jan 26, 2015|From thinkforex.com|1 comment

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Submitted Dec 15, 2014|From thinkforex.com|2 comments

In light of recent JPY strength and poor data from Canada then 100 could be tested sooner or later. Technically CADJPY appears to be set to test 100 relatively quickly with the Bearish Engulfing candles on D1 providing very small and infrequent ...

Submitted Nov 24, 2014|From thinkforex.com

Whilst Cable has done well to remain within range against the Greenback there is a case building for a downside break this week. An interesting observation is that whilst Friday saw the Greenback pop up to a new 4-year high the British Pound managed ...

Submitted Nov 20, 2014|From thinkforex.com|8 comments

As we approach the end of the trading week EURCAD may provide a short opportunity. On one hand 1.401 support has been tested several times so we could in fact be witnessing a bottom pattern in the making. On the other hand if this level does break, ...

Submitted Nov 17, 2014|From thinkforex.com

The Swissy has finally reverted to the mean and produced a Bullish Engulfing candle at 0.956 support to suggest a swing low has formed. However there are several levels of resistance around 0.974 which may continue to hold for the foreseeable future ...

Submitted Nov 12, 2014|From thinkforex.com

For now, Cable has found support above 1.575 and at the lower Bollinger Band to suggest a snap-back towards 1.58 - 1.585. However the DPO (Detrended Price Oscillator) has not yet reached its natural level of support which itself suggests we could ...

Submitted Oct 26, 2014|From thinkforex.com

Whilst USDJPY remains within a new trading range the near-term momentum favours the bulls. The Bullish Hammer two weeks ago may have market the end of the correction from the 111 highs. However a slight cause for concern is that USDJPY has a ...

Submitted Oct 23, 2014|From thinkforex.com

The Australian Dollar’s decline has been thrown a lifeline by nervous Greenback bulls. For now, the bulls can breathe a sigh of relief, but the downside looms. As long as the USD Index continues to correct from the 4-year highs then I expect to see ...

Submitted Oct 22, 2014|From thinkforex.com

As we await tomorrow's CPI and Friday's Trade Balance the Kiwi Dollar finds itself conveniently below key resistance levels. Due to my analysis of the USD Index I suspect we will continue to see choppy range trading this week. However NZDUSD is now ...

Submitted Sep 16, 2014|From thinkforex.com

Recent price action suggests that GBPAUD has witnessed a significant swing low at 1.72 and for price to now move on to make new highs. The strong rejection of the 1.72 swing low appears to be a 'V-Bottom' and is normally associated with significant ...

Submitted Aug 14, 2014|From thinkforex.com

The decline form the highs has been a pleasure to trade for the bears but the basing pattern has formed and already seeing an argument for gains before losses resume. There was some noise around the trendline and technically it is invalidated due to ...

Submitted Aug 7, 2014|From thinkforex.com

Following 4 straight weeks of losses, Cable is amid its most bearish move since the July lows. It had not come without warning though. Leading up to the multi- year highs price had reached a distance from its own 50-week MA which had previously seen ...