ToniSignals

ToniSignals Updated 

NZDUSD is trending to the upside currently prior to the USD 4 week bill auction, which reveals the yield on the bill. Technically the pair has broken the bearish structure, and is testing the moving average ribbon as support. We anticipate continued upside into the 0.7079.

ToniSignals

USDCHF is trending to the upside currently, and the trend has made a pullback prior to the USD 3 Month Bill auction. The Bill Auction reveals the yield for the bill, and interest rate yields on USA government debt are a key indicator for global markets. Technically the pair has pulled back towards support, and we anticipate continued upside with the data release.

ToniSignals Updated 

GBPUSD has done a break and retest of the resistance trendline prior to the GBP Consumer Price Index data, which measures the change in price across a representative basket of goods and services. Technically the pair has done a break and retest, and is also now at fibonacci support. We anticipate continued upside into the 1.3955 level.

ToniSignals Updated 

USDJPY is at resistance now prior to the USD CPI data, which measures the change in prices across a representative basket of goods and services. The CPI data is a key economic indicator used to monitor inflation, and the Fed has lately expressed concerns around inflation. Technically the USDJPY has broken the ascending channel to the downside, and is now retesting...

ToniSignals

EURGBP is trading to resistance prior to the GBP Unemployment rate data, which measures the amount of the workforce unable to find employment domestically. Technically the pair has traded to a key resistance level, and is also at 200 hour moving average resistance. We anticipate downside from here into the 0.8497 level.

ToniSignals

EURCHF has found support today prior to the CHF Foreign Currency Reserves data, which shows the amount of foreign currency held in the SNB reserves. Technically the pair has found support and we anticipate upside as a mean reversion, into the 1.0955 level.

ToniSignals

USDCAD has bounced out off resistance prior to the FOMC Minutes, which reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. Technically the pair has bounced out of resistance forming a double top, and the RSI has given a sell...

ToniSignals Updated 

EURJPY is trending to the upside today prior to the EUR Retail sales data, which measures the total receipts for retail stores in the Eurozone. Technically the pair has bounced from the trendline and the RSI has turned bullish. We anticipate continued upside into the 132.25 level.

ToniSignals Updated 

AUDCHF has bounced from a key monthly level prior to AUD Private Sector Credit data, which shows the amount of borrowing in the private sector. Technically the pair has bounced from a key monthly level, breaking a descending wedge pattern to the upside, and we now anticipate continued upside on the pair. The RSI has also issued a buy signal.

ToniSignals Updated 

GBPUSD is trending to the upside prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair has broken the descending trendline, and has turned bullish. We anticipate upside into the 1.38070 level.

ToniSignals

USDJPY is trending to the downside prior to the JPY Coincident Index data, which is a single summary statistic that tracks the current state of the Japanese economy. Technically the pair has broken an ascending trendline and is below the 1h moving averages, which are now in a bearish cross. The RSI is at bearish levels, and we anticipate continued downside into...

ToniSignals Updated 

EURNZD has bounced from support prior to the EUR Sentix Investor Confidence, which measures the confidence that investors have in various European investments. Technically the pair has bounced from a key support zone and the RSI has generated an oversold signal. We anticipate continued upside into the 1.6985 level.

ToniSignals Updated 

GBPUSD is trading in a range prior to the USD Consumer Price Index data, which shows the change in price across a representative basket of goods and services and is used to measure inflation. Technically the major forex pair is at range support and above the key 1.4100 level. We anticipate upside into the range resistance, and potentially beyond. Our upside target...

ToniSignals Updated 

USDCHF is trending to the downside prior to the USD Initial Jobless Claims data, which shows the number of people applying for unemployment benefits for the first time. Technically the pair has formed a double top prior to the trendline and we anticipate the pair to have continued downside into the 0.89050 level.

ToniSignals Updated 

EURAUD has broken the support trendline prior to the Germany Trade Balance data, which shows the domestic balance of imports and exports. Technically the pair has broken the support trendline and has broken bullish structure. The PPO has also given a bearish cross. We anticipate continued downside into the 1.5555 level.

ToniSignals Updated 

EURGBP has traded into resistance prior to the ECB President Lagarde speech, which will provide insight into future monetary policy decisions for the European Central Bank. Technically the pair is at moving average and trendline resistance, and we anticipate downside today.

ToniSignals Updated 

USDCHF has traded into a key level prior to the USD 3 Month Bill Auction which reveals the yield on the bill. Technically the pair has traded into a significant support resistance zone, and the RSI has bearish momentum. Price has also given a bearish confirmation at the key level, and we anticipate continued downside.

ToniSignals Updated 

NZDUSD is trending to the downside today prior to the USD Housing Price Index, which shows the growth in the US housing market. Technically price has broken an ascending trendline, and is below the 50 hour moving average. We anticipate continued downside into the 0.6977 level.