Technical Analysis
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 and NZDUSD Bear Pressures Intact
The November plunge lower for both the Australian and New Zealand Dollars versus the US currency have reinforced negative themes, within broader range…
European Currencies Suffer Far More Bearish Shifts versus USD
Both the Euro and Great British Pound suffered significant losses and breaches of important technical support in early November. This now sets an…
NZDUSD and USDJPY Signalling a More Bullish US Dollar Tone
Through October, NZDUSD retained a far more bullish outlook, whilst USDJPY had remained defined by an erratic consolidation phase. However, US currency strength…
AUDUSD, USDCAD and USDJPY Range Bound Post-FOMC
AUDUSD, USDCAD and USDJPY remains caught within broader range themes into early November in the wake of the late October FOMC meeting. Although…
G3 Paralysis
EURUSD and USDJPY remains caught within erratic ranges in the very near term, with short term (one week) positive US$ corrections. However, we…
NZDUSD Bull Theme Intact and AUDUSD Threat of a More Bullish Shift
Although we see risk of a corrective consolidation lower for both the New Zealand and Australian Dollars, we still see an underlying positive…
USDJPY and EURUSD Erratic Consolidation
Erratic, indecisive consolidation has become the dominant theme for the US$ within G3 (that is USD, EUR and JPY). We look for EURUSD…
Both Canadian and New Zealand Dollars Reject Positive Tone to Leave Bearish Risks Against the US Currency
Despite the Canadian & New Zealand Dollars gaining ground versus the US Dollar after the FOMC decision and statement on Thursday 17th September,…
US Dollar Plunges Post-FOMC Minutes Versus EUR, JPY and Stays Vulnerable Against GBP
The US currency has endured significant losses against the Euro, Japanese Yen and to a lesser extent the GB Pound since the Wednesday…
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…
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…
NZDUSD Poised into Key Chinese Purchasing Managers Data
On Thursday 23rd April (at 2.45 a.m. UK time) the market sees the release of the HSBC Flash China Manufacturing PMI. Of the…
USDJPY Upside Threat within the Broader Range
A still firmer rebound as we had anticipated for Tuesday to build on the bullish outside and engulfing pattern Monday to probe above 119.75 and aim…
GBPUSD Negative Bias into UK Construction PMI Data
Significant data Thursday for the UK and to a lesser extent for the US sees a bias for a notable GBPUSD price move….