jpeacockfx

jpeacockfx Updated 

Analysis: Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when...

jpeacockfx Updated 

Analysis: Looking at the charts we can clearly see that price was in an upwards trend. We've seen price form higher highs and higher lows, until recently when we saw this trend change and price started to make a move to the downside. In our opinion price is still in a long term upwards trend, however the short term trend was to the downside, but we are actually...

jpeacockfx Updated 

Analysis: This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been...

jpeacockfx Updated 

Analysis: Price has been in this upwards trend for a while now but in the last couple of months we've seen that change and price has started to reverse and head to the downside. In recent times price was able to break past this long term upwards trendline that we've seen be respected multiple times, which signals to us that the bears are taking control of the...

jpeacockfx Updated 

Analysis: Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't...

jpeacockfx Updated 

Analysis: Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to...

jpeacockfx Updated 

Analysis: Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this...

jpeacockfx Updated 

Analysis: Looking at the chart we're able to see that price recently seemed pretty bullish and due to the news that came out for the USD last week it's had an affect on the AUD and we've since seem some AUD weakness, however we see a potential reversal happening soon. At this of area resistance we marked out we've seen that price has tagged this area before and...

jpeacockfx Updated 

Analysis: Looking at the charts we're clearly able to see that price is in an upwards trend. We've been forming higher highs and higher lows which shows us the trend we're in so knowing this we're only looking for long setups on this pair. We also have a key level which we've marked out where we've previously seen a strong rejection from but we've since broken...

jpeacockfx Updated 

Analysis: When we look at price action we've recently seen a strong rejection off of an area and price is making a move back down however we see this as a buying opportunity. If we look at price action before this rejection we can see that price did indeed form a higher high and a higher low showing us that we're in an upwards trend. This higher low hasn't yet...

jpeacockfx Updated 

Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...

jpeacockfx Updated 

Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been...

jpeacockfx Updated 

Analysis: Price last week managed to put in a new higher high showing us that we're in an upwards trend meaning that we only want to be going long on this pair. At this level we saw that price held as support if we look left so we expect that it will hold again. Now for this particular setup we don't have any fib levels which we usual look for but we do instead...

jpeacockfx Updated 

Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price...

jpeacockfx Updated 

Analysis: Looking at the chart we can see that we were in a strong downwards trend however at the start of June we were able to break out of this trend and put in a higher high which shows us that the bears have lost control of the market and the bulls are taking over. We have more confluence that price broke out of this downwards trend when we see that the...

jpeacockfx Updated 

Analysis: Looking at the chart and price action we can clearly see that price is in a downwards trend. We're forming lower lows and lower highs which confirms that we're in a downwards trend. Bearing this being in mind we're only looking for short setups. If we look at the previous lower low we have a strong area to enter from. Whys this? Well this area has held...

jpeacockfx

Hello Traders, We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper. Our Take: Personally for us scalping isn’t our style and we wouldn’t recommend it to...

jpeacockfx Updated 

Analysis: We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price...