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History Rhymes....?

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Dollar Index is about to make a test of the pivotal 100/100.50, Forewarned is Forearmed!

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From a technical and trading perspective, the AUDJPY is currently correcting its sharp january decline as 74.40 continues to cap the upside it seems likely that a failure through 73.50 will open a quick move to test bids and stops below 73.00. Through 73.00 will set bearish sights on a test of an equality objective sited at 71.55. A move through 74.50 would likely...

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From a technical and trading perspective, as 1.1065 contains upside corrections look for a test of bids and stops below 1.10, a failure below 1.0980 will be a bearish development exposing the 1.0870’s autumn low. On the day only a close back above 1.1040 would suggest that the symmetry & equidistant swing support will stem the downside pressure. Note yesterday’s...

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From a technical and trading perspective, the EURJPY appears to be addressing a triple divergence day pressure, this third push into the latest swing high has registered significant divergence, while testing ascending trendline resistance. A failure below Friday’s low would be a bearish development, initially opening a retest of the yearly and monthly pivot...

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From a technical and trading perspective, the NZDCAD has been developing an impulsive advance from its October 2019 lows. The bullish sequence appears to be incomplete, price has held symmetry swing, Fibonacci and pivot support. As .8600 continues to attract buyers bulls will be encouraged on an upside breach of .8700 setting up a retest of offers and stops above...

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From a technical and trading perspective, USDJPY has tested symmetry swing support sited at 107.75 this area also retains a cluster of S1 supports. The level attracted significant buying interest, resulting in the potential for key outside reversal candle being printed at tonight’s New York close. This ‘long tail’ pattern encourages a bullish posture, as price...

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From a technical and trading perspective, CHFJPY has tested symmetry swing support sited at 110.95 this area attracted significant buying interest, resulting in a key outside reversal candle being printed as of last night's New York close. This pattern encourages a bullish posture, as price pierces 112 in a sustained fashion bulls will look to challenge offers and...

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blog.tickmill.com

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From a technical and trading perspective, USDJPY From a technical and trading perspective, the close back towards 109 would suggest a false break and return to the well trodden range 108/109. Yesterday the pair printed a six month high only to close back at the lows of the day, printing a bearish key reversal pattern and flipping the daily chart bearish as per the...

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From a technical and trading perspective, the EURUSD has retested bids below the pivotal 1.1000 area once again buyers have stepped in supporting the pair. On Friday we witnessed a key reversal day that flipped the daily chart bullish as per the near term volume weighted average price. As 1.1000 continues to attract support there is scope to set a base to target...

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Swing Strategy set up

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From a technical and trading perspective, the GBPAUD is potentially carving out another significant double top pattern (note the momentum and sentiment divergence), this pattern completes at the equidistant swing objective 1.9015, persistent failure to close above this level adds conviction to the view of a corrective phase to develop. I will venture short through...

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From a technical and trading perspective, the EURUSD has stalled at the monthly pivot and the mid point of the midpoint of the volatility, this area also represents symmetry swing resistance. Yesterday's close was a key day reversal which flipped the daily chart bearish as per the near term volume weighted average price, as such I will venture short on a new low...

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From a technical and trading perspective, the AUDCAD is potentially carving out an inverse head and shoulders pattern. Yesterdays candle printed a key reversal pattern eclipsing the prior two days price action and closing firmly above the monthly pivot, as such this should encourage further buying to emerge, I will venture long though this mornings high with a...

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From a technical and trading perspective, the AUDUSD is testing pivotal support below the .6800 level (which represents a 61.8% retracement of the October advance), bids continue to emerge at this level and as such encourage the view that the October advance was impulsive and the early-mid November pull back is corrective preceding another leg of upside which...

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From a technical and trading perspective USDJPY only a close above 109.60 will inject further upside momentum setting the stage for a grind higher to target the equidistant swing objectives sited at 110.57/69, however the continued failure to capture ground above 109.60 is causing concern to bulls. Risk sentiment is being weighed by continued Geopolitical concerns...

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I would also draw attention to the current S&P500 and VIX positioning. The VIX is trading at levels that have witnessed market corrections in recent months, as highlighted in the chart. There is a window for risk shake out ahead of the annual year end ramp in risk markets