Technical Analysis

CAD/JPY Bearish Below March High; Break Sub-84.57 Fuel Losses

Talking Points CADJPY Rebound at risk- on the lookout for short-triggers Resistance at 86.21/ Broader Bearish invalidation at March high Updated targets & invalidation levels CADJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook:Earlier in the month I highlighted the reversal off a key confluence resistance at basic trendline extending off the June highs. Read More

AUD/NZD Trade Setup 2/08/2016

The currency markets have witnessed whipsaw price action as of late as stocks globally tumble, while the economic docket has shown mixed results. For this upcoming week, we expect a range slow south bound move in the AUD/NZD as the Chinese markets are closed for the week in observance of the Lunar New Year. Meanwhile, Read More

AUD/USD Trade Setup 01/11/2016

To start off 2016, the AUD/USD has been under pressure and is likely to continue its course in the medium term; however, in our opinion, a slight pullback in the short term is favored as the pair finds support at the 161.8 percent fibonacci extension on the 4 hour time frame. Indeed, the sharp decline Read More

US Dollar Rejection at Flag Top Not to Be Taken Lightly

Talking Points: – EUR/USD holds $1.0800/50 swing zone, basing again. – USD/JPY remains weak after key reversal around BOJ. – See the December forex seasonality report. Reflexively, a stronger EUR/USD at any point in Q1’16 will increase the chances of the ECB acting again in March; and if EUR/USD is weak all quarter long, then Read More

NZD/USD & EUR/USD Trade Setups

NZD/USD and EUR/USD currency pairs are of major importance as we kick off this week’s trade following the major sell off of both pairs as the greenback rallied against all major pairs. In alignment with a shift of sentiment, a recovery in the higher yielding assets should not be ruled out. First taking a look Read More

EUR/USD Weakness Resuming as ECB Signals Next Move

Fundamental Forecast for EURUSD: Bearish – Thursday’s ECB meeting shocked markets, sinking EUR/USD under $1.1100 by the end of the week. – The ECB’s decision provoked significant technical breaks in EUR/AUD, EUR/GBP, and EUR/USD. – Have a bullish (or bearish) bias on the Euro, but don’t know which pair to use? Use a Euro currency Read More

GBP/USD Trade Setup 10/07/2015

Risk has pushed higher across the board to start off the month of October and the upward trend has continued thus far. though we believe the medium term move favors bulls, we cannot rule out a pullback in particular the GBP/USD as bearish momentum divergence is beginning to show. As such, thus far we have Read More

AUD/USD & NZD/USD Trade Setups 09/19/2015

The commodity currencies are in focus as we enter next week’s trading session. In particular, the AUD/USD and the NZD/USD are of great interest as upside appears to be limited as the trend resumes lower. Taking a look at the AUD/USD as shown below.  Upside stopped and reversed at he 234.8 percent fibonacci retracement, and Read More

EUR/USD Trade Setup 09/07/2015

The forex market has been relatively muted over the past 2-3 days in light of the labor day holiday in the United States; however, as traders come online starting Tuesday September 8, 2015, it will be worth keeping a close eye on the EUR/USD as the pair is currently providing an attractable trade setup. Last Read More

Video

Moving Averages Weekend Video 08/23/2015

Taking a look at NZD/USD,  EUR/USD, and GBP/USD  trade setups. While some technical indicators are more popular than others, few have proved to be as objective, reliable and useful as the moving average.  In this video, when taking a look at the USD/JPY and EUR/USD, we pair moving averages with our proprietary system in order to Read More