KeownArcher

KeownArcher

Good to be back, had a slight break from the charts & articles this weekend but we coming in full force this week! Beginning with news this week, we can expect a lot of volatility to be seen for the Pound as we continue with BREXIT votes , as well as we will be seeing data releases for the Average Earning Index first quarter, retail sales, CPI data and the...

KeownArcher

With JPY new set for tomorrow with the Bank Of Japan discussing the Monetary Policy and the governor of the BOJ speaking on the Bill Of Exchange, this could be a influencing factor as to where AUDJPY price would like to move. Currently, at the time of writing this article, we are sitting above the 78.750 monthly key level. We are respecting the descending trend...

KeownArcher

We've seen a decline in the Euro since early January rejecting the weekly key level and breaking the monthly key seen at the 1.66250 price region. The Euro has seen a lot of pressure with fundamentals, Mario Draghi speeches and certain rates being held till the end of 2019. EURNZD has seen a nice clean break and retest of the counter trend line and pinged off...

KeownArcher

Last night we had exciting movement from cable, seeing price bounce off a daily support/resistance region. The main catalyst being PM May's visit to Strasbourg yesterday where it was rumoured she had gained assurances from the EU. However, as of today it is evident she was unable to win over the Government & Members of Parliament, with the governments chief legal...

KeownArcher

Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted. So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection...

KeownArcher

So after the flash crash seen on the 3rd of January, seeing the Japanese Yen soaring, we saw price recover back above the 0.69750 psychological price region. A higher high was created followed by a higher low as anticipated. A higher high is created around the 0.73000 region, seeing a 2nd touch of the descending trend line, followed by a lower low and lower high...

KeownArcher

Good old indices. Okay firstly, so looking at the weekly timeframe, we have a potential head & shoulders pattern forming which will allow the bears to take over the market. Dropping down to the daily timeframe we can see we broke out of an ascending channel and currently we are retesting it. If we can close below the counter trend line, we should see downside...

KeownArcher Updated 

Apologies for the late update, had errands to run this morning and early afternoon. EURGBP! So after consolidating between the December/January period, bouncing between the 0.90750 and 0.89500 price regions, we saw finally saw a breakout to the downside. This creating new Lower lows and Lower highs. Currently we have formed a new lower high so we are well on our...

KeownArcher

USDCAD has seen Higher Highs ( HH ) and Higher Lows ( HL ) being made on the Weekly and Daily timeframes for a good while now with 1 or 2 Lower Highs / Lower Low fake outs to pull sellers in, however this pair remains bullish. An Inverse Head & Shoulder pattern can be seen on the Daily timeframe which was formed aggressively on the 1st of March. This broke a...