Technical Analyses
Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefor needs no special consideration. The main tool by witch to analyse the forex market is forex charts.
AUDUSD Resilient Tone into Consumer and Trade Data
Thursday 4th June at 11.30 a.m. local time sees the release of the Australian Retail Sales and Trade Balance data. The reaction to this data…
USDJPY Bullish trend re-energized, but correction risk
A further advance Tuesday through 125.00, but then a notable decline for a bearish outside pattern to leave risk lower into midweek. However, having pushed above…
AUDUSD Bear Theme into RBA Decision and Statement
Video Analysis 1 Video Analysis 2 The Reserve Bank of Australia Meeting is on Tuesday 2nd June and the target ‘cash rate’ and Statement is…
USDJPY Negative Bias
Friday 15th May sees the release of Japanese PPI and Consumer Confidence data, a speech by Bank of Japan Governor Kuroda. Later in the day…
AUDUSD Bull Theme Reinforced
Video Analysis The surge through the .8076 level, to a new recovery high leaves a more bullish tone and reinforces upside pressures from the strong post-RBA recovery effort….
GBPUSD Bull Trend into Employment Repor
Wednesday 13th May at 09.30 BST (local time) sees the release of the UK Employment report comprising the Average Earnings Index, Claimant Count Change and…
NZDUSD Monday Plunge Sets Bear Tone
Our view has been recently that the April Double Top was reinforced by the probe below key .7422, which neutralized the Q1 Double Bottom for a shift…
PBOC Rate Cut Should Reinforce Bullish Technical Outlook for AUDUSD
The People’s Bank of China (PBOC) cut rates on Sunday 10th May, the third cut in the past 6 months, lowering the one-year lending…
US Employment report in Focus
Friday 8th May at 08.30 ET sees the release of the US Employment report. This much watched data point will be again closely scrutinised…
NZDUSD Risk of a Bearish Shift
The erratic Wednesday setback has neutralized and dismissed the bullish outside Tuesday pattern and rejected our view of a better recovery phase. Moreover, this activity…
ADP Non-Farm Employment Change and Ivey PMI Place Spotlight on USDCAD
An abundance of global data on Wednesday 6th May but from the US, ADP Non-Farm Employment Change will be a key focus ahead of Friday’s…
USDJPY Upside Pressures within Range into Japanese Holiday
A Japanese Holiday on Monday 4th May could leave a lack of liquidity that may allow for a USDJPY push still higher in the broader…
AUDUSD Rebound Bias and Upside Risk into RBA Meeting
Video Analysis Video Analysis 2 Key focus into Tuesday 5th May will be on the Reserve Bank of Australia Board Meeting Rate Announcement and Statement….
GBPUSD Resilient Consolidation into Manufacturing PMI Data
On Friday 1st May at 9.30 am BST (GMT+1) local time the Manufacturing PMI Data for the UK is released. Although we see a digestion…
USDJPY Poised into FOMC
Wednesday 29th April sees the conclusion of the April FOMC Meeting and the FOMC Statement at 2.00 pm ET. The 18th March Meeting Statement…