Technical Analysis

Where is CAD/JPY Heading Now?
Wednesday, 25 August 2010
The JPY has been surging ahead against its major counterparts recently, with the USD/JPY literally falling off the edge of cliff according to the daily chart. However, the CAD/JPY has also not been immune to the inherent strength of the Yen. Read more >>

NZD/USD Flirting With a Support Line
Tuesday, 24 August 2010
Over the past year and a bit, the NZD/USD has rallied in an incredible way – from 0.5000 all the way up to 0.7400 earlier in the year. This is broadly based on the emerging strength of the NZ economy, and the inherent weakness still present in the US economy. Read more >>

Too Low For the EUR/CHF?
Monday, 23 August 2010
Looking at the technicals for a few of the exotics today, the one which really stands out from the crowd is the daily chart of the EUR/CHF pair. We've inserted the MACD indicator on to this chart also, with standard settings, and have observed what we think is a clear divergence. Read more >>

Range Trading for the USD/JPY
Friday, 20 August 2010
After a few months of desperate downfalls, the USD/JPY has taken a bit of time out recently to reflect on what really has been a bumper ride. The currency is currently sitting around the 85.20 level, which is hauntingly close to recent lows which have been made by the pair. Read more >>

Head and Shoulders Pattern On AUD/USD Daily
Thursday, 19 August 2010
Having broken through the 200 period moving average recently, the AUD/USD has been looking a little top heavy over the last few days, and has seen a retracement back towards the line – which is sitting relatively unchanged from the breakout point. Additionally, a head and shoulders pattern is definitely showing, with a neckline which is pointing to a clear break downwards. Read more >>

Possible Breakout setting up on NZD/JPY
Wednesday, 18 August 2010
It seems that any currency paired with the JPY is experiencing extraordinary moves these days, and the NZD is no different. Economic data for NZ is looking positive, despite a horrendous increase in unemployment just a few weeks ago which was completely unexpected. Nevertheless – the economy does seem to be back on track, and therefore we are anticipating a break out to the upside of this currency pair. Read more >>

EUR/USD Support Holds for Now
Tuesday, 17 August 2010
We spoke briefly about the EUR/USD pair last week in what seemed to be a fairly dramatic fall from the recently set highs at 1.3290. Even for the pair to be at these levels in the current economic climate was no small feat, so it's no surprise that the fall of 400 pips or so took place so suddenly. Read more >>

GBP/JPY Reversal a Likely Possibility This Week
Monday, 16 August 2010
Over the last week or so, we have been watching a clear reversal pattern unfolding on the GBP/JPY chart. Whilst the Yen itself has been suffering from major losses against the USD recently, it seems that for now, things might be going the opposite way on the GBP/JPY. Read more >>

USD/JPY Ship is Sinking
Saturday, August 14 2010
The USD/JPY continues it fast paces downtrend Friday, as further news out of the US damns the US Dollar, and pushes the pair ever lower. On Tuesday, the pair tested the low of 84.80 (which was set last year) and has since rebounded slightly to settle at 86.00. However, whilst many traders are talking about trend reversals – we've heard it all before, and the USD/JPY could be set to plunge to new lows in the weeks ahead. Read more >>

GBP/NZD Crawling Higher on a Strong Uptrend
Thursday, August 12 2010
If you've been following the monthly chart of the GBP/NZD recently, you would have observed the obvious uptrend of the pair - from a low of around 2.0270 up to the latest figure of about 2.2017. That 1800 pip rise is attributed to economic strength out of Europe, on the back of a less risk adverse climate since the whole Greece / Portugal debt drama exploded just a few months ago. Read more >>

Technical Patterns Becoming Obvious on EUR/AUD
Wednesday, August 11 2010
Technical trends are becoming more and more obvious on the EUR/AUD pair, with a number of signals being generated overnight. Read More >>