JohnFortune

JohnFortune

Last week price sold off after Bank of England data forming the start of a potential Bear Flag and as a result we look for further declines this week. A deeper correction and re-test of broken support becoming resistance at 150.071 will provide a great place to look for Bearish patterns for shorts down towards the targets of 148.473 and 147.788 respectively.

JohnFortune

Last week the GBPCHF sold off due to Bank of England data and we look for further declines as a possibility this week. Price is in the process of forming a Bear flag with a further correction, potentially to broken support turning resistance at 1.31809, providing a great place to look for Bearish patterns for shorts down to the targets of 1.29883 and 1.28748 respectively.

JohnFortune

Last week we tested the 1.27730 area of support (as expected from last week) fairly deeply. As the re-test was deeper than desired we will look for a break back above the 1.27730 before looking for long opportunities to the target of 1.29973.

JohnFortune

We start next week with the UsdChf uptrend still intact and looking for further advances towards the targets of 1.00774 and 1.01653 respectively. A correction towards the 0.99400 level would provide a great place to look for longs.

JohnFortune

We start the week with NzdUsd having corrected towards resistance at 0.69530, as expected (from last week). We are now looking for further declines next week towards the targets of 0.67726 and 0.66791 respectively. It should be noted however that as the sell off from the 0.71429 area of resistance was so strong, there is a heightened risk of a range forming.

JohnFortune

Last week price corrected in the form of a Bear Flag before selling off towards the targets from last week as expected. A correction this week will provide a great opportunity for anyone managing shorts to add towards the targets of 0.76156 and 0.75817 respectively.

JohnFortune

Last week the USDJPY formed a Bull flag after bouncing from key support at 113.186 stopping just shy of last weeks target of 114.487. As a result further advances seems the higher probability move next week. Targets to the upside sit at 114.487 (last weeks target to be completed) with a break of this area clearing the way for a run towards the 115.485.

JohnFortune

GBPUSD sold off heavily last week after Bank of England data breaking key support at 1.31550 hinting at further declines. A pullback and retest of broken support turning resistance at 1.31550 will provide a great place to look for Bearish patterns for shorts down towards the targets of 1.30342 and 1.29799 respectively.

JohnFortune

Price found resistance last week at 1.16720 forming a Bear flag. This week we look for further declines with a correction providing the opportunity for shorts down towards the target of 1.14932.

JohnFortune

Oil continues its Bull trend with a correction towards the upward sloping trend line providing a great place to look for Bullish patterns for longs up towards the targets of 56.86 and 58.79 respectively.

JohnFortune

We start the week with price having rejected from the previous area of resistance turned support at 94.030 and is now looking to test next key resistance at 95.270. Next major resistance to the upside after 95.270 sits at 96.695.

JohnFortune

Last week price sold off from key resistance at 0.89486 pointing towards further declines next week. A pullback and re-test of the channel top will provide a great place to look for shorts down towards the targets of 0.88103 and 0.87765 respectively.

JohnFortune

Last week price broke above key resistance at 1.27730 and is currently in the process of correcting back into this area to test it as support. This provides a great place to look for longs up towards the target of 1.29973

JohnFortune

Last week price broke above and re-tested key resistance now support at 0.98783. A further correction with price forming a Bull Flag pattern will provide a great opportunity to look for longs up to the target of 1.00774.

JohnFortune

We start the week at last weeks targets and key support areas of 0.68640 and 0.68217. Whilst we are looking for further declines, a possible larger correction could take place before the Bear trend resumes. A correction into the key area of resistance at 0.69530 will provide a great area to look for shorts down to the target of 0.66791.

JohnFortune

We start the week below key support now resistance at the 0.77482 area. A correction and re-test of this are will provide a great place to look for shorts down to the targets of 0.76156 and 0.75817 respectively.

JohnFortune

Last week the USDJPY advanced stopping just short of the target set at 114.487. Next week a re-test of key support at 113.186 will provide a great place to look for longs towards the targets of 114.487 and 115.485 respectively.

JohnFortune

We start next week below the key area of support, now resistance, at the 1.31550 area. A correction and re-test of this area will provide a great place to look for shorts down towards the target and next key area of support to the downside at 1.30342