ToniSignals

ToniSignals

The phycological 1.5300 level has held as support numerous times to date - will it hold again? It is common knowledge that the more times support is tested that the more likely it is to break the next time! This comes as the AUD strengthens over forecasts that the Reserve Bank of Australia (RBA) will start raising rates in 2022 despite them announcing they will...

ToniSignals

USDCHF has traded into the fibonacci golden pocket resistance zone prior to the USD 3 Month Bill auction, which reveals the yields on the US Government backed security. Technically the pair is trading in the fibo golden pocket, and the RSI has recently given an overextened signal. We are also seeing bearish divergence form on the USDCHF 1h RSI, another bearish indicator.

ToniSignals Updated 

EURNZD is selling now prior to the EUR Consumer Price Index data, which measures the change in a representative basket of goods and services, and is used to measure inflation. Technically the pair is ranging after a bearish leg, and we are selling range resistance.

ToniSignals

GBPUSD has traded into the fibonacci golden pocket as support prior to the GBP Manufacturing PMI data later today, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair is at fibonacci golden pocket support, the RSI has generated a buy signal, and there is a large imbalance candlestick pattern. We anticipate upside...

ToniSignals

GBP/USD has traded into the daily Fibonacci golden pocket zone as support. We are anticipating price bounce from this zone, and looking for long term upside above the 1.400 mark on the pair.

ToniSignals Updated 

EURGBP is trending to the downside prior to the GBP Consumer Price Index data, which measures price changes in representative basket of goods and services, and is used to measure inflation. We anticipate continued downside into the -61.8% fibonacci extension level.

ToniSignals Updated 

EURUSD is trending to the upside prior to the USD Redbook Index, which is a sales weighted growth index of over 9,000+ retail stores. Technically the pair has just broken a resistance trendline and we anticipate a continued push to the downside into the 1.1580.

ToniSignals Updated 

USD/JPY is trading to the downside today prior to the US Retail Inventories. We anticipate a bearish bearish move down to level 113.40

ToniSignals Updated 

USDCHF is trending to the downside proir to the USD Continuing Jobless claims, which measure the number of people applying for jobless claims on an ongoing basis. Technically the pair has broken the ascending trendline and we are anticipating downside into the 161.8% fibo extension.

ToniSignals

NZD/JPY has corrected after a strong push to the upside. JPY Tokyo Consumer Price Index data just released data, which came out negative. Technically the pair is holding the support trendline and we are looking for continued upside into the 83.00 level. NZDJPY has a bullish seasonal tendency through to the end of the year.

ToniSignals

USDJPY is in a bullish wedge pattern (bullish) prior to the USD GDP Data, which measures the total value of all goods and services produced domestically in North America. Technically the pair is in a bullish chart pattern, and is holding trendline support.

ToniSignals

GBPUSD has broken the support trendline and is breaking below structure. This is a hedge of our currently open buy trade, however later today the USD Gross Domestic Product will be release, which will potentially spur volatility. If price moves to the downside we are targeting the 61.8% extension at 1.36400.

ToniSignals

1D Chart GBPUSD is holding support around 1.37300 but the pair is still in a mid term bearish cycle which started from June 2021. 1H Chart Price has broken the support trendline but is still holding 1.37300 support. If this support holds, we are still looking for upside to 1.3900. Alternatively if the support breaks, we will look for continued downside into the...

ToniSignals

AUDUSD is bullish, however we still want to see the resistance broken of the daily swing high. Once this is cleared we will have a stronger conviction in the bull market.

ToniSignals

AUD/JPY is trending to the upside following Australia's positive Consumer Price Index data, which measures the change in a basket of goods and services. Technically price is holding the support trendline and intraday structure is bullish.

ToniSignals

EURGBP is trending to the downside today prior to the EUR Private Loans data, which is change in the total value of new loans issued to consumers and businesses in the private sector. Technically the pair is rejecting support turned resistance, and we anticipate continued downside today.

ToniSignals Updated 

USDJPY is trending to the downside prior to the USD 3 Month Bill Auction Data, which measures the yield on the US Government backed security. Technically the pair has broken the bull trend structure and we are anticipating a deeper correction into the 112.600 level.

ToniSignals

NZDUSD has broken the bull flag to the upside and performed a retest prior to the NZD ANZ Business Confidence data, which is released by the ANZ and shows the business outlook in New Zealand. Technically the pair has broken the bull flag to the upside and performed a break and retest pattern. We are looking for a push into the 0.7260 level.