Technical Analysis

How is Your Currency Stacking Up?
Saturday, 27 October 2012
For those of you who may or may not have kept up with the Forex market as of late, you might not have missed out on as much as you had planned on. Read more >>

Long Term Base Forming on USD/JPY
Wednesday, 3 November 2010
Earlier in the week, we discussed how we believe that price action in the USD/JPY currency pair has come to an abrupt halt. We called for a reversal in the pair - however we also pointed out the possibly risk that the currency pair might head lower from current levels and breach support (which is also at the monthly low) to break through 80.00. Read more >>

Canadian Dollar Correction Likely on Hourly Chart
Tuesday, 2 November 2010
The Canadian Dollar looks to be set to correct against its USD counterpart today - after Elliot Wave analysis suggests that the currency is far too high on a technical viewpoint. The currency pair traded upwards of 1.0378 just a few short weeks ago, only to fall to 1.051 by this time last week. Read more >>

USD/JPY Should Break 80.00 This Week
Monday, 1 November 2010
If you're currently positioned on the upside of the USD/JPY - look out. Estimates from market analysts and traders alike all show that the clear expectation for the week ahead is for more downside in the currency pair. Read more >>

GBP/USD Continues To Outshine on Strong Technicals
Thursday, 28 October 2010
Looking at a 30 minute chart of the GBP/USD will clearly show that the currency pair has been trading sideways in the last few weeks. However, if you extend that chart back in time by a fair way (say 2 months) - you'll note that the trend has most certainly been upwards - as the USD has continued its drive downwards. Read more >>

USD/JPY Drop Temporarily Stalls
Tuesday, 26 October 2010
As many traders of the USD/JPY will know, the currency pair set fresh 15 year lows overnight (actually just before the opening bell in Japan) at just above 80.00. Still however, the currency pair has not plunged below this pivotal 80.00 level - however we do not believe that it will be long before it does so. Read more >>

EUR/USD Hovering Around 1.4200 - Direction Unsure
Monday, 25 October 2010
We spoke at length about the EUR/USD last week, and the apparent formation of a Shooting Star candlestick formation which occurred towards the end of the week. Having reviewed that pattern at the beginning of this week, it seems that the bullish signal has not yet eventuated. Read more >>

NZD/USD Correction Has Come To An End - Upwards From Here
Friday, 22 October 2010
The NZD/USD currency pair was trading as high as 0.7600 last week - after suffering a large set back to 0.7450 (latest print) as a result of many comments from a vast array of officials stating that the currency is hugely overvalued. Read more >>

CAD/JPY Looks to Retest 78.40
Tuesday, 19 October 2010
We've covered movements in the CAD quite a bit recently; however none have been as convincing as the setup we are going to be looking at today. Technical setups often show themselves with a certain level of probability. We know that different charting patterns, for example, have different probabilities of developing in different ways. Read more >>

GBP/CHF Hits New Low
Monday, 18 October 2010
Most investors have been so focused recently on the lows being set by the likes of the USD that they completely forgot about other currency pairs, namely the GBP/CHF. On Friday, this currency pair hit a new low at 1.5090, which undercuts the low set in December of 2008 - at 1.5118. Read more >>

Triangle Pattern Forming on Short Term GBP/USD
Wednesday, 13 October 2010
Monday and Tuesday of this week have been relatively quiet on the currency front – and that looks set to continue in to Wednesday. Today we're looking at a short term chart of the GBP/USD, as it forms a short term triangle pattern on the hourly chart. Read more >>

EUR/GBP Faces Strong Resistance
Tuesday, 12 October 2010
Times have been tough in the Forex market recently, however when setups like the one we are about to talk about come along – uncertainty is the last thing you want to be thinking about. Today, we'll be looking at the EUR/GBP pair, on a weekly basis, to see whether or not the current stellar uptrend can continue or not. Read more >>

Reversal Looking Possible on the USD/CAD
Friday 8 October 2010
Whilst the following statement won't sound too technical - it's actually extremely accurate: the USD/CAD has been all over the place recently. Putting that in to a more palatable sentence, the USD/CAD has been bouncing between a range which seems to be holding - even to this very moment. Read more >>

NZD/USD Bursts Above 0.7500
Thursday, 7 October 2010
People who have been trading the FX markets for some time will remember the incredible uptrend that the NZD/USD showed back in 2007 / 2008 - when it reaches highs of 0.8100 against the USD. This was achieved after a long, dramatic run up - with the RBNZ stating that the currency pair was far too high, and even intervening in the market at one point (around the 0.7800 level). Read more >>

EUR/CHF Uptrend Looks to Stall
Wednesday, 6 October 2010
During the month of September 2010, the EUR/CHF was suspended in a constant uptrend, thanks to positive economic news from the Eurozone, and weaker news from the Swiss economy. Read more >>

USD Bulls Beware - The EUR is on the Rise
Friday, 1 October 2010
If you were one of those people who were predicting not that long ago that the EUR/USD would reach parity before Christmas, you're in a for shock. Much to the horror of USD bulls, the key currency pair is on the rise once again - and this time, it might not be the USD itself to blame. Read more >>

US / China Trade War on the Cards
Thursday, 30 September 2010
If there was any chance that China could get away with its deceptive currency pegging strategy – the USA has just shot it down. In the last 24 hours, USA / China trade relations have soured slightly, as an announcement from the FTC in America has indicated that the country will be looking closely at trade between the two nations. Read more >>

USD/CHF Close To Historical Low
Wednesday, 29 September 2010
On a weekly chart of the USD/CHF, it would be clear to anyone – even someone who was not a financial trader – that the currency pair has been in a downtrend over the past 6 months of so. Almost every weekly candle since February has been red – indicating downwards price action. Read more >>

Short Term Range Trading Opportunity on GBP/USD
Tuesday, 28 September 2010
After a very quiet start to the week, we have taken a look at all of the major currency pairs across the board, and have finally arrived at one which presents us with a viable trading opportunity. The GBP/USD – which is referred to as the Cable – has had an extremely quiet start to the week, and as such has formed a daily range which could be worth trading. Read more >>

Flag Pattern Forming on EUR/CAD
Monday, 27 September 2010
Over the course of the last 30 days, the Euro has put in an extremely good effort and has rallied against all of its trading partners. This has mainly been the result of better and more positive news out of the Eurozone – and better investors' expectations about the status of EU nation debt. Read more >>

Double Bottom Forming on the GBP/CHF
Sunday, 26 September 2010
Price action on the GBP/CHF has been wild to say the least recently. The trading has certainly been erratic from a pricing perspective, and we believe that this volatility is set to continue. However, over the past few months, if you've been following the 4 Hourly charts, there seems to have been a double bottom pattern forming which is relatively strong. Read more >>

Cup and Handle Pattern Forming on GBP/AUD
Monday, 20 September 2010
Our latest piece of technical analysis comes courtesy of the GBP/AUD chart. On this chart, we have seen a cup and handle pattern forming over the last 3 days – when looking at the 30 minute chart. We don't usually favour these shorter term charts, however in this case we believe the GBP/AUD to be a viable exception, for a number of reasons. Read more >>

Looking for a Correction in the NZD/USD
Friday, 17 September 2010
We have been following the NZD/USD daily chart today, and it would seem from recent price action that a correction in the currency pair is on the way. The currency pair recently reached a high of .7380 just a few days ago – and has since dropped away quite substantially to .7255 at the time of close in the US today. Read more >>

EUR/CAD Developing a Double Channel Pattern
Thursday, 16 September 2010
The EUR/CAD is currently forming a double channel pattern on the daily chart, and we believe that a trading opportunity is just around the corner for the currency pair. Read more >>

EUR/GBP On the Upwards March
Wednesday, 15 September 2010
If there has been one currency which has surprised us the most in the last few weeks – t's been the Euro. Since it suffered a massive loss against almost all of its partner currencies at the beginning of the year, it seems that the EUR has been making a comeback over the second and third quarters. Read more >>

GBP/USD is Still Going Nowhere
Tuesday, 14 September 2010
Despite weeks of range trading, the GBP/USD is still no better off for the quiet trading period it has just been through. At present, there is a very clear flag pattern forming on the weekly chart, and the daily chart could soon turn to form the same pattern. Read more >>

USD/CHF is forming a Rounded Bottom Pattern
Monday, 13 September 2010
When currencies move, they often form patterns which allow us to gauge some idea of future price action. This is called technical analysis, and it is an extremely valid and reliable method of predicting future price movements. Read more >>

Technical Roundup for the Forex Week
Sunday, 12 September 2010
We looked at many different currency pairs from a technical perspective last week, including the USD/JPY, EUR/USD, NZD/USD, GBP/USD and the CAD/CHF. This coming week, we will be taking a look back at how our recommendations panned out, and we will of course be offering more recommendations for you to take advantage of. Read more >>