FxMarketInsider

FxMarketInsider

EURUSD continues its slide towards parity as prices continue to show weakness on both the technical and fundamental levels. The swing high completed a-b-c zig-zag correction which is in the process of being fully retraced. All technical's show downside pressure as prices are moving to the downside inside the pitchfork channel.

FxMarketInsider

AUDJPY Short going coming into us sessions, overnight trading formed a triangle which was broken, prices almost touched the lower trendline yet formed an obvious bearish head and soulders pattern. All Technical's point to the downside with the nearest resistance level being 92.70, I do not see prices trading above the 93.00 level today so I am selling the...

FxMarketInsider

Audusd consoldated in over night trading sessions, Prices formed a contracting triangle and broke the lower trendline only to retest the lower trendline and turn lower once again. All being said the technicals point to lower prices throughout today's trading, There is not any important data coming out today so I expect a less volatile tradinig day with downside...