Hello Traders, welcome to the Daily Forex technical analysis. Today is April 30th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Now keep in mind we do have the China manufacturing numbers (PMI numbers) coming out today, certainly a key report which may have a news effect on the AUDUSD as well. Looking at the 4 hour time frame...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 24th, 2019 and we will be taking a look at the Euro against the Canadian dollar. Looking at the 4 hour time frame we can see price action may be again rejecting the 1.5097 area. If we can see a minor retacement here back down to support level area of 1.504, a Long entry near the 1.5038...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian dollar. Looking at the 1 hour time frame we can see price action has retraced back around to the 1.33631 area. Price action coming back to these levels coincides with the 50% fib retracement level and seeing a...
Hello Traders, Happy Easter and welcome to the Weekly Forex market analysis. Today is April 21st, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart and take an outlook into the upcoming week. Looking at the Dollar Index here on a daily time frame, we can see a rising wedge type formation still playing out for a few months now....
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 18th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action has retraced back to the 145.859 area and its now acting as support, where previously it was acting as resistance a few times. As price action...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 17th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, looking at the overall structure price action keeps confronting the 1.57326 area as resistance and were looking for a break to the downside. So ultimately what were looking...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 4 hour time frame, we are looking for a retest of the .95689 area to look for possible long entry. Entry for a Long position near the .95689 area, with a Stop Loss near the .95512,...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the Australian Dollar against the US Dollar. Looking at the 4 hour time frame, following the breakout of the wedge were looking for some more bullish continuation to the upside. With possible bullish momentum continuing to extend this bull flag...
Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week...
Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 12th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Today we are unfortunately a bit late to the Daily Forex analysis, but there is still some life left to this analysis, and we can can analyze the outcome together. Looking at the 4 hour time frame we were...
Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 11th, 2019 and we will be taking a look at the Euro against the U.S.Dollar. Looking at the 4 hour time frame we can see we have made a series of higher lows and price action is now consolidating above major key support and resistance near the 1.12548 area. With this consolidation we will...
Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951...
Cups Cups Cups & Handles & Handles & Handles are lining up .... STRONG RESISTANCE AT 139 BILLION TOTAL MARKET CAP HOLDS STRONG. Will it break down ? .... or are we in for an APRIL'S FOOL SURPRISE THAT WILL SHOCK THE WORLD ???!
Price just made its way into a previous monthly resistance that could hold as support for a little longer. We definitely had some buyers waiting there in the previous months showing the strength of this level. (ORANGE LINE) 1.12150 is our support which has been holding back that bearish momentum. There's also a break of structure on 4h at this level. Reinforcing...
Riding under a long term trend line currently, could go relatively bearish for a bit if not already at the bottom. Crazy idea but there are 3 trend lines that intersect in April, and sometimes these can be point of major movement or a target for a bounce in one direction or another. Let me know your thoughts!