Hello Traders, welcome to the Daily Forex technical analysis. Today is May 30th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the overall structure price action seems to be printing in a double bottom. Looking at the 1 hour time frame we can see price action had an aggressive bullish bounce off the 109.1 region, if...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 29th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the overall structure for the EUR/JPY, price action is in a clear downtrend. Taking a deeper dive into the 1 hour time frame were looking for price action to bounce here towards the previous support...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 27th, 2019 and we will be taking a look at the New Zealand Dollar against the U.S. Dollar. Looking at the 4 hour time frame we can see price action is currently in bullish relief rally bouncing of the .648 region and moving above the .651 key support and resistance area, and continuing to...
Yesterday was quite volatile. Actually, nothing fundamentally new has happened. First of all, the pound has traditionally updated the new local minima. Theresa May’s resignation seems to have already been resolved for the markets. According to The Times, May will announce her resignation today (Boris Johnson probably will take her place). Despite such an obvious...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 24th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Looking at the 1 hour time frame we can see price action holding support at the .68672 region. We were looking for a minor pullback towards the .6886 area to enter into a Long position. Entry for a...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 1 hour time frame we can see price action broke through the 109.917 and 110.155 key support and resistance areas and is currently in a minor retracement pulling back towards the 110.115...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 22nd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we were looking for price action to retest the local highs near the 1.62442 resistance area. And it did, Entry for a Short position near the 1.62357 area, with a Stop Loss...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 21st, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Looking at the 1 hour time frame we can see price action had a minor retracement back to its previous lows not quite reaching them, so it seems as price action is setting in a higher low. If price...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 20th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we can see price action had a nice move to the down side and is now on a decent relief rally but it seems very corrective. We will be looking for price action to continue...
Hello Traders, welcome to the Weekly Forex technical analysis. Today is May 19th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see we got a minor correction and finally it moved back...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 17th, 2019 and we will be taking a look at the U.S. Dollar against the Swiss Franc. After a pretty nice run up, price action has retraced back deep to the 1.00471 support and resistance area. We can see the move to the upside looks fairly corrective. We will be looking to get ahead of it...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 15th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Now keep in mind we do have some numbers coming out for China and the Aussie this evening that could give us some volatility. Looking at the 1 hour time frame we can see price action has retraced...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 10th, 2019 and we will be taking a look at the Canadian Dollar against the Swiss Franc. On the higher time frames price action recently has been bearish as we broke the support area of .7552. Looking at the 1 hour time frame we will be looking for some kind of relief bounce back near the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 9th, 2019 and we will be taking a look at the Euro against the Japanese Yen. This trade will have some dependency on whats going on between the U.S. and China trade relations. And we can see that we are at an area of support at the 123.350 region and it seems to be breaking downwards. If...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 8th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we are looking to see if price action will break this support area of 109.917. If we do get such an advantageous opportunity we would be looking for an entry Long near the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 7th, 2019 and we will be taking a look at the British Pound against the Canadian Dollar. Taking a look at the 4 hour time frame, price action had a nice bullish move off the 1.75343 support area and is now currently retracing back towards it. We're going to be targeting the 1.75343 support...