unique4x

unique4x

Watch for a BoJ intervention: EURJPY is setting up very interesting. Although the overall trend is to the downside & we prefer to trade with that trend, considering the news flow from Japan we need to be open to a different view. On Jan 29th Japanese 10 yr bonds went negative, ever since the Yen has been on a tear higher. There has been a lot of chatter the BoJ...

unique4x

Ready to monitor resistance at 1.1387. • EUR/USD keeps on pushing higher. Hourly resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at...

unique4x

As promised here is the previous short setup for GBPCHF which included the Fibonacci Price level and the Fibonacci Time zone. As you can see this price & time action presented a perfect opportunity. We will be watching GBPCHF to form a similar setup during the first week of March 2016 if the low set on 02/11/2016 holds.

unique4x

We will be looking for an opportunity to Short GBPCHF on a bounce. The trend has been to the downside since mid-November 2015. If the recent low set on 02/11/2016 holds and a bounce drives price up to the 38.2% Fibonacci retracement level in conjunction with the 25% or 50% Fibonacci time zone we could see a solid short setup. We will link research of a recent...

unique4x

Pushing higher. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640...

unique4x

Targeting resistance at 1.1387. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range...

unique4x

Strengthening. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further consolidation. • In the longer term, the technical structure favours a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and...

unique4x

USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for over a year. Not Including the late-August whipsaw low of 116.18, this creates a sequence of lower highs and lower lows. USDJPY’s multi-year uptrend is ending. The current trend is increasingly likely to bounce, and we recommend selling strength. We...

unique4x

We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...

unique4x

GBPAUD has been in an uptrend for the past 9 months and has recently pulled back approximately to the 50% Fibonacci retracement. We suspect the uptrend will continue soon but would like to see a daily close above the short-term downtrend line you see in green. As of Monday December 14th we need to see a close above 2.13400, obviously that closing price will be...

unique4x

The Australian Dollar is on the defensive against is US counterpart once again. Prices have broken below trend line support guiding the move higher since early November, hinting the near-term bias has shifted to favor the downside once again. A daily close below resistance-turned-support at 0.7184 opens the door for a test of rising trend line support set from...

unique4x

The Euro continues to push upward having rebounded against the US Dollar as expected, hitting the highest level in a month and establishing a foothold above the 1.10 figure. The single currency launched upward following last week’s underwhelming ECB monetary policy announcement. Near-term resistance is at 1.1117, the 50% Fibonacci retracement. A break above that...

unique4x

We are Long GBPAUD on its break of the temporary downtrend since August. We believe the long-term trend is still intact and about to continue its move higher. With the 20 day Average True Range approximately 250 Pips, it's not too late to jump on-board this bullish trend. Risk should be 1x to 2x the Average True Range while initial target is 2.18000 with an...

unique4x

Very simple analysis on NZD/USD. Our view is the same as Barclay's Fx desk which is that this pair has a bearish undertone. The break below the 0.6695 range lows on increased volumes endorses our bearish view. A move below our nearby targets in the 0.6615 area would confirm lower towards 0.6455.

unique4x

GBPAUD to GBPNZD correlation is one to watch this week as the Fed meets to consider interest rates in the U.S. The correlation is not wide enough yet but with an economic calendar full and the Fed meeting keep these pairs on your watch list. We need to see the correlation get over 1,500 pips.

unique4x

EURJPY to EURUSD correlation is one to watch this week as the Fed meets to consider interest rates in the U.S. The correlation is not wide enough yet but with an economic calendar full and the Fed meeting keep these pairs on your watch list. We need to see the correlation get over 800 pips.

unique4x

GBPCHF is getting ready to move one way or the other, odds favor a down move but you should be prepared to act in either direction. Explanation in body of chart.

unique4x

The US Dollar looks poised to continue higher against its Canadian counterpart after prices broke above resistance marked by Augusts’ swing top. It now looks like the pair is in the process of resuming the latest leg of its multi-year rising trend established from mid-May. Near-term resistance is at 1.3556, the 38.2% Fibonacci expansion, with a break above that...