walker.england

walker.england

The GBPUSD is attempting to breakout higher this morning, and close the week on newly created highs. The pair has gained momentum after the Fed declined to raise rates in yesterday’s FOM rate decision. Price action is currently trading above today’s 78 pip trading range, which starts at the R3 Camarilla pivot seen below at a price of 1.5626. The next value of...

walker.england

The USDollar is in focus today, with a big FOMC rate decision scheduled at 18:00 GMT. While the USDollar is currently trading virtually unchanged for the day, many traders are looking for the news for a possible breakout in either direction. Using Camarilla pivot points, bullish breakouts are set to begin on a move above the R4 pivot found at 11,989. Conversely a...

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The EURUSD moved to values of support this morning, but so far has failed to breakout towards lower lows. Current support is found at the S3 Camarilla pivot point, found at a price of 1.1291. If prices remain support, traders will expect the EURUSD to continue trading sideways inside of todays 49 pip trading range. This means price may bounce from support towards...

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The EURGBP has continued to consolidate today, and continues to trade inside of a defined 42 pip pivot range. Today’s range begins at the S3 Camarilla pivot found at a price of .7277, and ends at the R3 pivot found at .7319. So far prices have tested resistance once in London session trading, but have quickly moved back lower towards today’s central pivot at...

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Talking Points • The AUDUSD attempts both bullish and bearish breakouts • Today’s range measures 36 pips • S4 breakouts begin above .7048 Trading has been mixed on the AUDUSD today, with prices challenging both values of support and resistance. The pair first dipped overnight, below its S4 Camarilla pivot at .6977. Price action soon recovered however, moving back...

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After yesterday’s bearish breakout, the EURUSD is currently range bound despite today’s NFP (Non-Farm Payroll) news release. Expectations were set at 217k for this morning’s event. However, even with results coming in worse than expected, at 173k, the EURUSD has failed to breakout. Prices are currently moving off of range resistance, which is found at the R3...

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The USDJPY has moved off range resistance, and has continued its decline this morning after the release of US Initial Jobless Claims data for the month of August. Expectations were set at 2253k for today’s event. With the results coming in slightly worse than expected at 2257k, the USDJPY has now traded completely through today’s 57 pip Camarilla pivot trading...

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Talking Points • The USDCAD moves lower on Canadian GDP Data • Today’s range measures 116 pips • R4 breakouts begin at 1.5477 The USDCAD has moved off key points of resistance this morning after the release of Canadian GDP data for the month of June. Year over year, GDP was expected to be released at .4%. However with a better than expected print of .6% the...

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The GBPUSD has opened lower for the fourth straight US trading session this week. This bearish move began by first testing areas of resistance, near the R3 Camarilla Pivot at 1.5439, then moving lower on GBP Gross Domestic Product data. Despite the news coming in at an expected 2.6%, the GBP failed to rally and soon dropped to support against the USDollar. Today’s...

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The EURUSD opened today’s US trading session lower, on better than expected Gross Domestic Product data. Expectations for this event were set at 3.2% and were released at 3.7%, causing the EURUSD to move towards values of support. Current price is resting at today’s S3 Camarilla Pivot at 1.1237. If price remains supported, it opens the pair up for a potential...

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Market Condition: Retracement Target 1: 100% of Daily ATR Target 2: 200% of Daily ATR Invalidation: Bullish Breakout The USDJPY has continued to break down through key values of support from last week’s Inside Bar trading pattern. This includes dropping as much as 433 pips, below the July 2015 low at 120.41, to a low of 116.08. From this low price...

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The USDCAD has started this morning’s US trading moving lower, with price action already attempting to breaking out to beneath the currency pair’s daily S4 Camarilla pivot. Today’s S4 pivot point is located at 1.3201, and price has already attempted to breakout below this value once this morning. After the first attempted breakout, price has retraced back above...

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The EURGBP is trading higher this morning with price action breaking out to new weekly highs above the pair’s daily R4 Camarilla pivot. Today’s R4 pivot is found at .7123, and price first attempted to break through this value on mixed GBP Retails Sales data. Since the initial move, price has retraced back towards this value of resistance. As previous resistance...

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The USDJPY has opened Tuesday’s trading with price action bouncing inside of a 20 pip range. At the time of this morning’s U.S. open price has traded through todays range once, with price currently resting near the central pivot at 124.38. Resistance can be seen depicted above at a price of 124.48 at the R3 pivot. Conversely, the S3 pivot, marking support, is...

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The EURUSD has rallied this morning on a better than expected ZEW survey. Prices were initially depressed, dropping as low as 1.0960, but the pair immediately rebounded back on the better than expected news. Ultimately prices have rallied through the entirety of today’s 64 pip trading range, with prices now trading above the R3 Camarilla pivot point at 1.1050. If...

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Market Condition: Range Target 1: 50% of Range .9570 Target 2: Range Support .9400 Invalidation: 25% Range Extension .9825 The AUDCAD is working on its fourth month of trading inside of a 340 pip range. As seen above, price has recently traded off of resistance near .9740, which coincides with its May 2015 high. Previous moves from this point of resistance,...

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After yesterdays, breakout the USDJPY remains range bound in today's early morning trading. This turn of events is not surprising, as many Forex pairs are looking towards tomorrows NFP event to help influence the markets direction. Today’s range measures 55 pips, with price currently trading just off of its central pivot at 124.85, as depicted above. In the event...

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After traversing its daily 30 pip range, the EURUSD has opened the US trading session with a false breakout. Prices attempted a move above today’s R4 Camarilla pivot at 1.0979, but this bullish breakout quickly reversed. Prices are currently trading back inside of today’s pivot range. As seen below, the EURUSD’s trading range begins at resistance found at the R3...