ToniSignals

ToniSignals Nov 22, 2021

USDJPY is trending to the downside currently prior to the USD 3 Month Bill Auction data, which measures the yield on the US Government backed security. Technically the pair has rejected resistance at the 61.8% fibo level, and has now formed a bearish structure on the 1H price chart. We anticipate continued downside into the 61.8% fibo extension.

ToniSignals Nov 19, 2021

GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.

ToniSignals Nov 18, 2021

Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue. On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.

ToniSignals Nov 18, 2021

USD/CHF is trending to the upside prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is holding 50 moving average and structure support, and we're looking for continued upside into the 0.9350 level.

ToniSignals Nov 18, 2021

GBPUSD is trading to the upside prior to the USD Initial Jobless claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is in a bullish 1H cycle, and we're targeting the previous structural resistance as our TP.

ToniSignals Nov 17, 2021

AUD/USD is trending to the downside today prior to the USD 20 year Bond Auction, which reveals the yield on the bond. Technically the pair is below the 50-200 hour moving averages, which are in a bearish cross. The RSI is also pointing to the downside, and we're targeting the significant 0.71900 level just before the 61.8% fibonacci extension level.

ToniSignals Nov 16, 2021

USDCAD is trading to the upside currently prior to the CAD Consumer Price Index data, which tracks the change in prices across a range of goods and services and is used to measure inflation. Technically the pair is holding above the moving average ribbon, and has bounced from a key support zone. We are capitalising on the strong USD bull market with this trade,...

ToniSignals Nov 16, 2021

GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK. Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.

ToniSignals Nov 16, 2021

NZD/JPY is trending to the upside today prior to the JPY Tertiary Industry Index data, which indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare. Technically the pair has formed an ABCDE descending wedge pattern on...

ToniSignals Nov 15, 2021

NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.

ToniSignals Nov 15, 2021

In addittion to our previous post of the ABCDE wedge pattern on the 1h chart, price is holding the 38.2% fibonacci support level / previous structure as support.

ToniSignals Nov 15, 2021

USD/CHF has traded to structure support prior to the USD NY Empire State Manufacturing data, which gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. Technically the pair traded above the moving average ribbon, which is now dynamic...

ToniSignals Nov 15, 2021

GBPUSD is trending to the downside today after the RIghtmove House Price Index showed a decline in the rate of house price growth. Technically the pair is holding below the moving average ribbon, structure resistance, and trendline resistance.

ToniSignals Nov 15, 2021

Kiwi yen upside now! We anticipate upside on the NZDJPY as there has been an ABCDE correction, and price has formed a descending wedge.

ToniSignals Nov 14, 2021

It's like a well performed magic trick the way that Demand for the Euro against the dollar has disappeared. USD strength has returned to the market, and the EUR is the ugly duckling at the moment. Price continued to fall, with the last three trading days each forming a fresh yearly low. We're eyeing downside to continue into the 61.8% fibonacci extension level...

ToniSignals Nov 12, 2021

EURNZD is trending to the upside today, having broken above the resistance trendline and bearish structure. The RSI is pointing to further upside, and the 1H moving averages are now in a bullish cross. We anticipate continued upside into the 1.6540 level.

ToniSignals Nov 11, 2021

USDJPY has bounced from the resistance trendline today. The pair has triggered a sell signal on the RSI, and ADX has reversed, signalling that the bullish movement has ran out of steam. We anticipate downside today into the 113.200 level.

ToniSignals Nov 11, 2021

NZD/JPY has traded into a key structure as support following the JPY Producer Price Index data, which marked an increase in Producer Prices. Technically the pair has pulled back to key structure support and bounced from the key zone, and has also bounced from the flag pattern support trendline. We are looking for a sustained upside move to 81.80.