walker.england

walker.england

Talking Points • The EUR/USD has broken lower in early trading • Daily S4 is identified at a price of 1.0984 • Bullish EUR/USD reversals begin at 1.0998 The EUR/USD has broken lower this morning on broad US Dollar strength. The currency pair has already delcined as much as 61 pips and is current trading below today’s S4 Camarilla pivot point which is found at a...

walker.england

Talking Points • The USDollar attempts its first bearish breakout in eight sessions • Daily S4 support is found at a price of 12,070 • Bullish reversals for the USDollar begin today at 12.077 The USDollar is opening this mornings trading with a counter trend reversal. Prices for the Index are already trading beneath todays S4 Camarilla pivot point which is found...

walker.england

Talking Points • The CAC40 continues to consolidate in a 128 point range • Daily resistance is set at 4,950 • A breakout opens the possibility of a move towards 4,694 The CAC40(FRA40) along with other European indicies such as the DAX(GER30) are trading lower in early morning trading today. For the CAC40, this move has effectively eliminated yesterdays gains,...

walker.england

Talking Points • EUR/USD resistance is found at 1.1072 • FOMC event risk could cause US Dollar pairs to breakout • Bearish reversals begin under 1.1059 Looking for more analysis on markets? Sign up for my email list here: SIGN UP HERE The EUR/USD has moved to daily values of resistance this morning, ahead of today’s highly anticipated FOMC event. Currently...

walker.england

Talking Points • The CAC40 is set to close inside Fridays price action • Reference resistance is set at 4,950 • Current ATR sets bullish projections to 4,904.21 Like many indicies around the world, the CAC40(FRA40) is hovering near new highs for the month of October. The index has experienced a fresh round of bullish momentum based on the most recent statements...

walker.england

Talking Points • The EURUSD declined as much as 252 pips on ECB news • Today’s Pivot Range measures 138 pips • Bearish breakouts begin 1.0970 The EURUSD is consolidating this morning after yesterday’s 252 pip decline. Yesterday’s Euro move was broad based, and predicated on the dovish expectations laid out during remarks made by ECB President Mario Draghi....

walker.england

The USDCAD has been trading in a range prior to today’s Bank of Canada rate decision, which is scheduled for later today at 14:00 GMT. Expectations are set to hold rates at .5%, however any adjustment from this benchmark may cause the pair to breakout from the pivot range depicted below. Currently the pair is trading near range resistance, which is found at a...

walker.england

Talking Points • The CAC40 has traded lower from Senko Span Resistance • Cloud Breakouts begin under 4,660.25 • The Tenkan Line opens the CAC40 for a trend change Price action for the CAC40 (FRA40) has retraced back inside of its Daily Ichimoku cloud, and has found resistance under the Senko Span B (SB) line at a price of 4,721.50. Prices have initially moved...

walker.england

The EURUSD has moved to support this morning ahead of the US market open. Range support is found at a price of 1.1348, and traders will be watching to see if prices bounce ahead of the U. of Michigan Confidence figures set to be released at 14:00 GMT. Expectations are set for the announcement at 89.0. A worse than expected release could cause a selloff of the US...

walker.england

The USD/JPY has broken out this morning to new weekly lows on worse than expected Advanced Retail Sales data. Expectations were set at .2%, however the actual release printed at .1% causing the US Dollar to drop against most major currencies. Currently, the USD/JPY is trading below today’s S4 Camarilla pivot, which is found at a price of 119.43. Traders looking...

walker.england

The CAC40 (FRA40) has declined back below 4,700 in early trading this morning. This technical area of resistance is important because it marks the top of a well-defined trading range, which has been developing for the last month. It should be noted that oscillators such as CCI are also turning from overbought conditions on the daily chart, which can help validate...

walker.england

The GBPUSD has traded through today’s 66 pip range after this morning’s BOE (Bank of England) rate decision. As expected the BOE has left key interest rates the same at .50%, which has caused the Pound to sell off against most major currencies. Currently the GBPUSD is trading below range support, which is found at a price of1.5282. However, if prices move back...

walker.england

The EURUSD has opened inside of a 64 pip trading range and has moved to resistance in early US session trading. Today range resistance is found at the R3 Camarilla pivot at a price of 1.1216. If prices remain beneath resistance, and markets continue ranging, it opens price to trade back towards values of support including the S3 pivot found at 1.1152. It should be...

walker.england

The EURUSD has opened inside of a 57 pip trading range and is now trading at support found at the S3 camarilla pivot at a price of 1.1146. If prices remain supported, it may open the pair to test values of support including today’s R3 pivot found at a price of 1.1203. It should be noted that there is USD specific news on tap for later in this morning’s trading...

walker.england

The GBPUSD has continued its decline this morning, moving lower after retracing to resistance. Today range resistance is located at the R3 Camarilla pivot found at a price of 1.5195. After failing to break through resistance, prices have quickly declined through the 46 pip trading range back to support at the S3 pivot found at a price of 1.5149. If prices remain...

walker.england

The USDCAD has closed higher in five of the last six trading sessions, but as of yesterday the pair has sold off from its weekly high at 1.3415. If the USDCAD resumes its uptrend, traders will look for prices to breakout above today’s R4 pivot point. The R4 pivot point is found at 1.3368, and an extension of today’s 69 pip range puts preliminary bullish breakout...

walker.england

The AUDUSD is threatening to breakout to new weekly lows this Thursday. As of the US Open the pair has already tested the S4 Camarilla pivot, found at a price of .6943. In the event that the pair trades below this value, it would be considered a bearish breakout. So far the AUDUSD has declined in the three previous trading sessions, and a breakout here would be...

walker.england

Talking Points • Today’s EURUSD trading range measures 55 pips • R3 range resistance is found at 1.1229 • Bearish breakouts begin under 1.1106 The EURUSD has begun Tuesdays trading inside of a defined 55 pip pivot range. As of the US Open, the pair has moved to range support, found at the S3 Camarilla pivot at a price of 1.1174. In the event that the pair...