FOREX.TODAY

Tag: Analysis

USDJPY Head and Shoulders Breakout (Feb 09, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160209_usdjpy 800
USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900 pips or the same height as the chart formation. The 100 SMA crossed below the longer-term 200 SMA,…
Read more
NZDUSD Triangle Formation (Jan 29, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160129_nzdusd 800
NZDUSD has formed higher lows and lower highs on its 1-hour time frame, creating a symmetrical triangle formation. Price is making its way towards the top of the triangle, possibly to test the resistance at the .6500 major psychological level. If this level keeps gains in check, price could move back to the bottom of…
Read more
Forex Major Currencies Outlook (Jan 28, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a volatile time during the FOMC statement, as the currency initially rallied but instantly gave back its gains. According to the Fed, they are monitoring the global financial and economic developments closely, removing the reference on balanced risks to their outlook. FOMC officials also reiterated that they would continue to…
Read more
NZDUSD Short-term Double Top (Jan 28, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160128_nzdusd 800
NZDUSD could be in for more declines, as a double top pattern can be seen on its 1-hour time frame. Price failed in its last two attempts to break past the .6550 minor psychological mark and is currently testing the neckline around .6440. A break below this support zone could push NZDUSD lower by an…
Read more
EURJPY Descending Channel (Jan 27, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160127_eurjpy 800
EURJPY is currently testing the descending channel support visible on the daily time frame. A bounce could take it back to the channel resistance near the 131.00 major psychological mark, which might be enough to let the downtrend resume. Drawing the Fibonacci levels based on the latest swing high and low shows that the top…
Read more
EURAUD Reversal Pattern Forming (Jan 26, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160126_euraud 800
EURAUD might be done with its recent rallies, as a reversal pattern seems to be forming on its 4-hour time frame. Price is in the middle of completing a head and shoulders formation but has yet to create the right shoulder before confirming the potential selloff. The neckline is located at the 1.5375-1.5400 area and…
Read more
Forex Major Currencies Outlook (Jan 25, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up more of its recent gains on Friday, although it regained ground to the euro, yen, and franc. Data from the US economy was stronger than expected, as the flash manufacturing PMI rose from 51.2 to 52.7 versus the projected 51.5 figure. Existing home sales also rose from 4.76M to…
Read more
AUDUSD Retracement Levels (Jan 25, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160125_audusd 1
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction. Using the Fibonacci retracement tool on the latest swing high and low shows that the 61.8% level lines up with…
Read more
Forex Major Currencies Outlook (Jan 22, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was forced to return its wins before the end of the trading session when risk appetite picked up. Data from the US was mixed, as the Philly Fed index improved from -5.9 to -3.5 while initial jobless claims showed a larger than expected rise of 293K versus the projected 279K figure.…
Read more
USDCAD Trend Line Pullback (Jan 22, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USDCAD3
USDCAD has been trending higher on its long-term time frames, with the recent selloff offering an opportunity to catch the uptrend. On the 4-hour time frame, an ascending trend line can be drawn to connect the recent lows of price action. Using the Fib tool on the latest swing low and high on the 4-hour…
Read more
Forex Major Currencies Outlook (Jan 21, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a pretty volatile day, as it benefitted from risk aversion in the earlier trading sessions but gave up most of its gains later on. Data from the US was mostly weaker than expected, with both headline and core CPI missing forecasts. For today, only the natural gas storage and crude…
Read more
GBPJPY Retracement Setup (Jan 21, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPJPY1
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before pulling back. Using the Fib tool on the latest swing high and low shows that the 50% level…
Read more
Forex Major Currencies Outlook (Jan 20, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was off to a weak start when risk-taking took place but soon regained the top spot when the market mood turned sour. There have been no major reports out of the US then, as the IMF's decision to lower global growth forecasts was one of the biggest reasons for the return…
Read more
GBPAUD Breakdown and Pullback (Jan 20, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPAUD5
GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower. Price had dipped close to the 2.0400 major psychological support before showing signs of a retracement. Using the Fib tool on the latest swing high and low shows that the 50-61.8% levels line up with the broken…
Read more
GBPAUD Symmetrical Triangle (Jan 19, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPAUD3
GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame. Top-tier events from the UK economy this week could determine which direction this pair might break out. As for technical indicators, the 100 SMA is still below the 200 SMA for now so the path…
Read more
AUDUSD Simple Correction (Jan 18, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160118_audusd
AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000. Price dipped to the .6800 levels before showing signs of a potential pullback to the broken support and Fibonacci retracement levels. Price is currently testing the 50% level near the .6930 area but a higher…
Read more
EURGBP Ascending Channel (Jan 15, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
160115_eurgbp 15.01. 800
EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play. Zooming in to the 1-hour time frame shows that price is moving inside an ascending channel and is currently testing support. A bounce off this area, which is just above the short-term 100 SMA and .7500 major…
Read more
Thank You

Thank you for signing up. Confirmation will be sent to your inbox shortly. You can login here

Log in
Register
Send message