walker.england

walker.england

The USDollar has started today’s trading testing resistance and trading back inside of its trading range. Today’s range begins at the R3 Camarilla pivot point found at 11,792. If price continues to trade under resistance, this morning’s move could be taken as a retracement against the USDollars primary trend. A continued decline from this point would open the...

walker.england

The EURUSD has attempted to breakout higher this morning, testing resistance found at today’s R4 Camarilla pivot at 1.1420. Price has now attempted to breakout a total of 3 times, and has so far failed to break above resistance in each approach. In the event that the EURUSD does break higher, the pair has the potential to close higher for the third time in four...

walker.england

The GBPUSD has opened the US trading session moving sideways inside of a 70 pip defined range. Today’s range starts at resistance found at the R3 pivot point, at a price of 1.5634. Range support is found below at the S3 pivot, at a price of 1.5564. It should be noted that price has already traversed today’s trading range twice. As price is currently trading under...

walker.england

The GBPUSD has moved to range support after this morning’s PPI data release. PPI Ex Food and Energy (MOM) came in at .1% as forecasted, which temporarily bolstered US Dollar strength relative to the Pound. Traders will continue to watch the S3 Camarilla pivot, as the University of Michigan consumer confidence survey is set to be released at 14:00 GMT. A bounce...

walker.england

The USDollar has opened Thursday’s trading with an attempted breakout above key values of resistance. As seen in the chart below, prices quickly spiked above todays R4 Camarilla pivot on better than expected advanced retail sales numbers. However, since the conclusion of the event, the USDollar has moved back below R4 pivot found at 11.892. A continued decline...

walker.england

The EURUSD has opened Tuesday’s trading lower, with price now testing the daily S3 Camarilla pivot at 1.1230. This point on the graph represents daily support for today’s 122 pip trading range. In the event that price remains range bound, reversal traders will watch the price action for a bounce in price back towards range resistance, found at the R3 pivot at a...

walker.england

The USDJPY is testing support at 125.16. A bounce in price would move the pair back in the direction of its current daily trend. Conversely, a move below 124.74 would suggest there may be a broader reversal on a breakout to lower lows.

walker.england

The EURJPY opened aggressively higher this morning, with price attempting to breakout above today’s R4 Camarilla pivot at 140.54. Price was quickly rejected however, and the EURJPY turned back inside of its trading range starting at the R3 pivot at 140.11. It should be noted that today’s range spans 82 pips, with price currently trading near the S3 pivot at...

walker.england

Despite a heavy event calendar, the EURUSD has failed to break outside of today's 153 pip trading range. With more event risk still to come, traders may continue looking for breakouts on the pair. A breakout above the R4 pivot at 1.1303 would add validity to yesterday’s bullish price action. Conversely, a move below the S4 pivot at 1.0996 would suggest a bearish...

walker.england

The USDJPY has again moved to a new 2015 high this week, peaking at a price of 125.05. However, price found resistance at this point, under today’s R3 Camarilla pivot at 125.06. Price is currently testing range support found at 124.47. A bounce at this value would open the market for a move back in the direction of the trend. A reversal would occur on a breakout...