Today’s focus EURAUD
Pattern Ending Diagional
Possible targets 1.6045 - 1.5905
With the AUD pushing higher on Tuesday, pressure has resumed on the EURAUD. Price looks to have formed an ending diagonal, and today sellers have started to confirm the pattern with a new move breaking the pattern.
Ending Diagonal patterns are best seen at the top of trends and...
After days of buying, we are seeing a small pause at this point in the day. The AUDJPY has started to see some red after a 5-day rally. Price is stalling at a previous level of resistance, seen at 89.90.
We still see price on an uptrend with a break of the last downtrend. But buyers need to clear this resistance point to get the trend back on track. The MA...
Oil continues to hold firm on Wednesday after a strong surge on Tuesday that saw close to two percent added after sellers looked to test the new floor set up by buyers after the stunning gains seen after OPEC's surprise production cuts.
Since the news price has sat in a range between $79.65 and HKEX:81 , maybe we would have seen a new test lower to see how firm...
Bitcoin is back above 30K in today's session extending yesterday's breakout.
Hard to look past Bitcoin today as buyers hit 30K, a price level not seen since June 2022. The move started yesterday as Bitcoin buyers broke above 28,600 resistance, and the move was held at the close, which is a great sign as it's the first set in confirming the move.
Today buyers...
Hi traders, today we are looking at the EURGBP as buyers continue to hold out above a key level of support. This level has been in play since January 2023.
The level we are talking about is seen at .8730, and it also runs down to .8720. This level is seen as a key level as if you switch over to the weekly chart, and you will also see this level clearly. It’s...
Hi traders, hopefully, you all had a pleasant weekend. Oil is the big story today, but from a technical point of view, I need more time before I can get some sort of idea on it. Yes, there could be a gap fil play, but that’s a bit of a dart at the wall, in my opinion, at the moment.
Risk has started forming a solid little fightback to the JPY. The Yen started...
Hi traders, this is just a general observation, not a trade idea. Tonight we noticed that the US30 has started to fade at a previous level of resistance. With the Core PCE to come, could an expected jump to the upside add to the small seller momentum we are starting to see?
This week we have seen some decent buying so far, but could today’s action be a small...
Hi traders, today’s update, we are looking at ETH on the daily chart. Recently cryptos have been doing well, and Bitcoin, in particular, has been leading the run. While not exactly up with Bitcoins gains, ETH has been holding its own, and just last week, we saw another test of 1800 by buyers.
Sadly, that was a short-term move, and we saw sellers regain control...
Hi, thanks for taking a look at today's update. Today we are looking at the USDJPY as it's a good example of multiple signs that could show a new push higher. Sometimes the more evidence you have to back up an idea, the better. Sadly, that won't be a guarantee it will work out!
The majors continue to see a sold session to the JPY today. The GBPJPY posting a...
Traders will be looking forward to today’s FOMC seeking future direction on rates as inflation starts to cool but remains high. The new banking crisis has also significantly influenced the markets over the last several weeks.
Stocks have been one of the markets hardest hit by the uncertainty thrown up by the banking crisis. The US30, in particular, has been hard...
USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35.
This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower...
Hard to look past the recent banking crisis that has rocked equity markets all week. Credit Suisse was the latest to hit the headlines yesterday, and it certainly hit hard. Risk currencies that have stood up ok felt seller force, and we watched the Japanese Yen cause all types of carnage to the EUR, GBP and AUD.
The EUR is our focus today, and so is today's ECB...
Hi, traders and TradingView community. Our focus today is on ETH as crypto prices continue to struggle for buyer demand. We have been watching ETH on the daily chart as price continues to hold on at short-term support.
1550 is the level we will be watching today, and if it's broken, this could set off a new leg lower, but sellers need to break this level to get...
Worries around Silvergate Bank have set off a mini plunge today.
Crypto has seen a worrying Asian session so far, with most coins seeing heavy selling as traders look to take cover as the Sivergate Bank issue continues. The Banks share price lost 50% yesterday, and reports say most major players will suspend automated clearing with other business operations...
Hi, traders and TradingView community. Today we saw the AUDUSD retreat after Australian CPI data came in at 7.4, well below the 8.1% that had been expected. Unexpected data almost always has more impact on the market than expected, as it has shock effect.
7.4 is still a very firm number for inflation, and you might think, why is that a good thing? The drop is...
Hi traders and TradingView community, today we are looking at the GBPUSD as price has started to show signs of a new breakout.
Looking at the GBPUSD, buyers continued to hold at the demand and support area with multiple saves. Sellers made their last push yesterday before buyers flooded back, forcing an engulfing type of candle and halting the minor downtrend....
Happy Friday, traders and TradingView community. Today we are looking at Gold from a technical perspective on the short term as buyers continue to push off a support area and from a potential demand zone.
Price, for now, has continued to see demand from 1820.90, and sellers have failed on two attempts to break through. This level also sits in a possible supply...
Hi, traders and TradingView community. The GBPJPY is on our radar today after a solid session from buyers yesterday.
Flash manufacturing and services PMI data came in better than expected and, combined with a mainly weaker yen, gave the GBP a nice boost. Buyers added 1.18% yesterday and broke above resistance, which has started to confirm a breakout of ascending...
