Technical Analysis GBP/JPY

GBPJPY This pair has been making lower lows and lower highs since the start of December. There is no real support for the pair in the short term, as the price retraces back to strong support turn resistance I am looking for the price to retest 179, downward trendline, 50ema and also 61.8 fib retracement. Profit target set for 138% extension but may be a good pair to ride as far as the market is willing.

Technical Analysis GBP/USD

At Pivot, price weakening. Short at this level. SL at 1.4915. TP at S2

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Technical Analysis EUR/GBP

EURGBP has attempted to breakout this morning. The next upside level of interest would be at 0.7412. Failure to maintain 0.74 would negate bullish considerations. We are at risk for a turn lower with a break of 0.74

Technical Analysis AUD/USD

AUD/USD is in an uptrend, but has encountered a strong resistance area and is forming a double top reversal pattern, with indicators confirming the reversal, since MACD is losing strength to the upside. This trade has a high potential and about a 1:6 R:R ratio, if a price falls to near S2 level.

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Technical Analysis GBP/JPY

GBPJPY is in a strong daily bearish trend but now and since 7 days in a range between 179.00 and 180.00. BUY every horizontal touch at 179.00 and SELL every horizontal touch at 180.00. Any extraction from this range will give us the next direction to trade.

Technical Analysis AUD/USD

Continuing the longer term upwards trends looking for an entry at the 50% Fib pullback Stop just below support and Target just below big fig.

Technical Analysis USD/JPY

The pair is currently in a downtrend on the H4 chart and is blocked on the upside by a falling resistance. The 20-h EMA is also falling and acting as a resistance. A breakout of both this falling resistance and the 20-h EMA would be a first signal of a reversal, and a good opportunity to go long.

Technical Analysis GBP/USD

Gbp usd has retraced to S/R also 50% of last major swing high 4hr chart is making lower lows and rejecting 50ema also

Technical Analysis EUR/USD

- At Pivot, price consolidated and recover. Go Long at this level. SL at 1.0930. TP at R2
- Or, at S2, price broke through strongly. Short at this level. SL at 1.0950. TP at S3

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Technical Analysis EUR/USD

Selling EUR/USD as the pair has reached a peak at the moment at 1.0992, and the pair has reached overbought levels on M5 and M15, and only a break above a resistance at 1.1000 can confirm a move higher towards the 1.1050 level. A correction to the downside is probable in the short term near support at the 1.0950 level, and only a break below it can confirm a further move towards the 1.0900/25 area. EMA´s and MACD favor the move to the downside in the short term as shown in the graph on M15.

Technical Analysis EUR/USD

EURUSD is in a daily range (1.08-1.1040) since the last BCE meeting (17/12/2015). EURUSD is also in a bullish H1 channel confirmed by crossing a H1 horizontal line on 1.0985 level (R1). We are expecting a EURUSD rally to 1.1040 level and short it at this level to look for a TP at the bottom of the bull channel at 1.0945. A TP at S2 is possible if a break channel occurred.

TEchnical ANalysis EUR/USD

EUR USD Price has pulled back to S/R which the price has formed a double top on the 1 hr and 4hr charts

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Technical Analaysis AUD/USD

The AUDUSD is attempting to breakout this morning. However price found resistance at 0.7250. A breakout above this value, would be a bullish scenario.

Technical Analysis USD/JPY

The pair is currently in a falling wedge, which is usually a pattern that breaks on the upside. Should it happen, we could open a long position if a candlestick closes above the falling resistance. Place a stop loss under it in case of a false breakout.

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Technical Analysis GBP/JPY

GBP/JPY is in a strong downtrend. Current price retracement is likely to turn and price is likely to re-test or exceed the latest bottom. Indicators are starting to confirm the turn and if a trade works, there is a high probability for a divergence to develop around the bottom and a possible buy signal to occur.

Technical Analysis EUR/USD

The fx pair is in an up movement and a correction is still on at the moment. On Daily TF no change after yesterday. The market found support on S2 and showed an up move. Because the RSI range in the move not too much expected. For later the new high still waited. This movement is supported by H8 as well and now showing two option from the price side and one from RSI. H2 shows the same. To trade this we have to wait what will happen on S1. If it won’t hold than SHORT is good if ii will be a support than LONG will be good idea.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

Technical Analysis USD/CAD

USDCAD is in a H1 range between 1.39 and 1.40 since 5 days and stranded under a bearish trend line.
We expect a bullish extraction of prices from this figures. SL under S1 and TP under R1.

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Technical Analysis EUR/AUD

The Euro may be readying to turn higher against the Australian Dollar as prices trace out a range formation. Waiting for a breakout above 1.5257 to start looking higher again.

Technical Analysis USD/CAD

Buy USDCAD as the pair retraces to demand area + overlap fibs

Technical Analysis USD/JPY

USD/JPY encountered a support area, with MACD losing bearish strength and confirming the upturn of the price with a triple bullish divergence.

The fx pair is in an up movement and a correction is still on at the moment. On Daily TF no change after yesterday. The market found support on S1 and still moves upward. On H8 range looks like to unfold which may have the meaning that the ongoing correction will be complex. Or the other option is that the market forms new high. H2 is in strong trend. This all means LONG position is good idea. Between the possibilities the only difference are their TP.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

Technical Analysis AUD/USD

The pair has stopped its parabolic rise and broken the first diagonal support of this parabol. A corrective movement should occur. In addition to that the pair is overbought, which could confirm the likeliness of some profit-taking.

Technical Analysis EUR/USD

EUR USD Price has pulled back to S/R which is at 6.18% retracement of the last major swing high

Technical Analysis EUR/USD

The fx pair is in an up movement and a correction is still on at the moment. On Daily TF the market just found support on S1 and seems to move upward. On H8 range looks like to unfold after 2 fast down swing.
This easily can have the meaning that the ongoing correction will be complex. And if the last week moves added this just make it more likely. On H2 there are two options. A) R1 will hold than SHORT position will be a good idea. B) The bigger TF players stronger and R1 falls than LONG position will be good and the market in a range really.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

Technical Analysis EUR/USD

EURUSD may be working on a double bottom. The next key level for progress is a break above 1.0905. A move above that level would open the door for a test of the resistance at 1.0950.

Technical Analysis AUD/USD

AUD/USD is in a reversal mode, forming a double top pattern, with a second top lower than the first and indicators confirming the turn. It gives us a nice opportunity for about a 1:2 R:R trade, if a price falls to about the previous bottom level.

Technical Analysis EUR/USD

The EURUSD is in a H1 consolidation range between 1.0880 and 1.0800 since december 17th
On H1, the EURUSD is showing another fail on R1. We expect a new return on S3. A break of S3 will slum eurusd deeper

Technical Analysis EUR/AUD

Price has retraced to the %79 and S/R area @ 1.5180 looking for short position

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Technical Analysis GBP/USD

The GBPUSD is attempting to breakout to new weekly low this morning. However, price found support at 1.4865. A breakout below this value, would be a bearish scenario with price moving to a new weekly low.

Technical Analysis EUR/USD

The EURUSD is in a consolidation range between 1.0800 and 1.1050 since the BCE’s Breakout (03/12/2015).Under S1 we expect a deeper consolidation to S2 and S3.

Technical Analysis EUR/AUD

Buy on the zone of cpnfluence, Supply level +trendline support + Gartley pattern

Technical Analysis AUD/USD

The AUDUSD in bearish channel on H1 Timeframe had rebounded on the bottom of the channel and also a strong support of a uptrend Daily (in place from 04/09/2015). This rebound has confirmed the daily uptrend on last daily price closed.

Technical Analysis EUR/USD

EUR/USD continued to decline on Thursday but the move was halted near the round figure of 1.0800 (S1). Given that the 1.0796 level, which was the post-ECB retracement low was not even tested, I would be mindful for further declines. I need to see a clear break below the 1.0800 (S1) support zone to trust further declines. A break below that area could trigger larger bearish extensions and perhaps target our next support at 1.0760 (S2). Looking at our short-term oscillators the RSI found support at its 30 line and is pointing up, while the MACD, although below its zero and trigger lines, it shows signs of bottoming. These momentum signs support my view to wait for a break below 1.0800 (S1) to show that the bears are in control again. As for the broader trend, given the inability of the pair to break the 1.0800 (S1) barrier, the lower bound of the range it had been trading from the last days of April until the 6th of November.

Technical Analysis AUD/USD

AUD/USD is in a downtrend, and it is probably going to re-test or exceed its latest low at 0.7095. Technical indicators are confirming the move, so I recommend a short trade, with about 1:3 R:R potential if a trade works and a position is closed at the re-test of the low around S1 price level.

Technical Analysis EUR/USD

The fx pair is in an up movement and a correction is still on at the moment. On Daily TF still no change. The next up movement is waited. It seems to come soon. It was worth to buy once for these players but their first try at the night wasn’t successful. Also this can easily mean if S1 falls just the second up move will be strong in the returning trend. On H8 one big thing happened. The a) version was eliminated for the end of yesterday. Also after the correction the third and last wave just seems to begin. Or maybe there is a small chance that the correction will be complex. This is supported by H2 players. To trade: SHORT position in every pullback until on H2 new lower low forms. T look for LONG position is the best when on H8 RSI reaches its target level and H2 RSI bounce up and turns to upward from the level 38.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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Technical Analysis AUD/USD

The pair broke its triangle to the downside. A pullback to the former support is currently taking place. This is a great opportunity to get in position with the bears for a further downside movie.

Technical Analysis EUR/GBP

Price has retraced to 62% which is also S/R looking for quick short position

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Technical Analysis USD/JPY

The US Dollar turned higher against Yen after finding support at 122.25. As long as price is above 122.25 support level, upside remains possible. But a convincing closing 1H bar below 122.20 is needed to trigger another leg lower

Technical Analysis EUR/AUD

The pair is downtrending and is expected to react to demand levels below price.

Technical Analysis AUD/USD

The pair is currently stuck within a triangle whose upper resistance is skewed downward, thus narrowing down the triangle as time flies. The outcome of this triangle will tell us the future trend to follow (either upside breakout or downside breakout). Bears are currently dominating as the pair is making lower highs. In case of a breakout of a support, we can expect a strong downside move.

Technical Analysis EUR/USD

EUR/USD seems to be forming a double bottom reversal pattern. If it gets completed, a Buy position should be initiated at around 1.0850 or at the break of the neckline at R1, with a 1:3 R:R TP target.

Technical Analysis AUD/USD

Looking to short Aussie on the pull back into the 50% fib riding the continuing dollar strength