theforexportal

theforexportal

Extremely complex technical picture on GBPCHF with price straddling the daily candle and trendlines above and below. SELL below 1.2454 BUY above 1.2544 (see GBP/USD for further analysis)

theforexportal

In my assessment of GBPUSD I paint quite a gloomy picture for GBP BULLS and with GBP/JPY sitting on top of the critical 200 sma on the daily time frame, this pair is poised to either sink or swim. The RSI is BEARISH as is the TDI on H4 but the D1 TDI is more mixed as we have a squeeze and its unclear which way we are going to break. Should the RSI line head for...

theforexportal

The GBP came under severe pressure last week where it lost ground against all currencies save from the AUD where it gained a modest 50 pips but this has to considered quite an achievement considering the GBP fell over 200 pips against the USD and the JPY. The GBP/USD weekly candle was particularly revealing as it was as close to a Marubozu candle as you are likely...

theforexportal

Last week this pair looked reasonably BULLISH but the mood has shifted against the GBP and with G/J losing almost 300 pips this week the BEARS look in control. The 200 sma on the daily time frame which has supported this pair all year is now under pressure and a break and hold below 137.19 would be very BEARISH. Should however the support hold this could trigger a...

theforexportal

We've just gone LONG this pair from 1.2400 with a STOP under the H4 200 at 1.2381. Not too convinced by this trade but WS1 and H4 200 sma is offering support and for a 19 pip risk this trade looks value. GBP/USD has lost ground this week with some mixed UK numbers - with Manufacturing Production and Manufacturing PMI missing though Services PMI came in better than...

theforexportal

For some time the price of GBPJPY has hugged the 200 sma on the DTF. Yesterday saw another touch of the 200 and the price immediately headed north though price declined throughout the day. As long as this pair remain above the 200 we should see a move higher. Adding to this BULLISH analysis is the RSI which has turned north from lower levels. I'm watching the TDI...

theforexportal

Price is now pushing the 200 sma on H4 and this follows 2 days of indecision. USD/CHF is overbought on smaller time frames and the H4 TDI is signalling SELL. We are SHORT from 1.0030 with a STOP at 1.0050

theforexportal

Critical support has recently been broken on USDJPY and with questions marks still surrounding the USD , its possible we could be looking at a measured move down to 108 over the next few weeks. Positive US data and any talk of additional rate hikes will affect this view but in the absence of positive news we expect the USD to continue its BEARISH move and head south.

theforexportal

Since the January 2015 crash, the price price of EUR/CHF has hit a high of 1.1197 but has steadily declined since then and fell to a low of 1.0621. Since hitting that low, price has meandered in a tight trading range but is relentlessly heading down to back to this critical level and it is known that the SNB has been busy defending its currency. The problem the...

theforexportal

USDCAD has pushed deep into resistance and is overbought on RSI. SELLING this pair with a STOP above recent high at 1.3416 could work out

theforexportal

Above 1.0781 and EUR/CHF turns BULLISH but signs are we are headed down for a retest of 1.0625 critical support. Below here and EURCHF could drop rapidly but is likely to be supported by the SNB.

theforexportal

EURJPY is headed for 118.25 and from there we may head higher.If we don't bounce at 118.25 the E/J could be in trouble as a break under there open a possible move down to 113.

theforexportal

With the GBP strengthening across the board and the EUR weakening this looks a no brainer SHORT trade. The Weekly TDI is especially BEARISH suggesting we could be headed much lower for the rest of this month. Oversold on H4 and H1 suggest we may need to see price pullback before the next leg down. SELL any significant pullbacks.

theforexportal

The EURO continues to weaken across the board and looks to be headed for 1.0630/1.0600 area. Support may lie here. Quite a lot of support lies under the price so we could see some BULL activity at the start of the week but we'd need a move above 1.0904 to take the pressure off the downside.

theforexportal

Like most GBP pairs, GBPNZD is in an uptrend but conditions are stretched. H1 is particularly overbought so a pullback to 1.7768 area is preferred before any LONG trades are taken. 1.7594 is the 200 on the DTF and this is quite a distance under the current price. Look to BUY on any dips.

theforexportal

GBPAUD is relentlessly targeting the 200 sma on the DTF that lies just 200 pips above. Studies looked fairly stretched but there's room to the upside before overbought conditions come into play. Under 1.6194 and the outlook turns BEARISH but as long as we stay above this level we should move higher.

theforexportal

GBPCHF remains in an uptrend but with having done 300 pips in the last 3 days, prices are stretched and a retrace is needed to ease overbought conditions. Look for a move down to lower levels possibly in the 1.2440 area and see if we get a bounce here.

theforexportal

Technically BULLISH, no much for GBP/CAD BEARS. 1.66276 is the DTF 200 sma so as long as we remain above this level then we should head higher throughout the week. Under 1.6535 and the picture changes to BEARISH.