Technical Analysis

NZD/USD: Next technical resistance at .8647

There is a 50% retracement level and an hourly high coming in  at the same level.

By |April 24th, 2014 11:55am (th14244UTC14 UTC5504UTC)|AUD,NZD, fxww, Technical Analysis|0 Comments

GBP/CHF: Looking to buy near strong technical support at 1.4870

  • Trend-line and a 61.8% retracement level converge near 1.4870 (see chart);
  • If buying this dip, keep stops fairly tight as it is risk-off Friday and some stock-markets are […]
By |January 24th, 2014 7:09am (th14241UTC14 UTC0901UTC)|fxww, GBP crosses, Technical Analysis, Trade Ideas|0 Comments

EUR testing important support levels

  • EUR/USD is testing trend-line and 61.8% support at 1.3510/15; a clean break would indicate increased momentum.
  • EUR/JPY is testing support near 140.40, a clean break would suggest a topping formation […]
By |January 20th, 2014 12:08pm (th14201UTC14 UTC0801UTC)|EUR crosses, fxww, Technical Analysis|3 Comments

AUD/USD still looking heavy

  • Asian real money sellers capped the pair on Friday near .8820;
  • Sentiment remains bearish as the market plays it as a ‘Chinese credit bubble’ proxy;
  • Technical target at .8570, a 50% […]
By |January 20th, 2014 7:59am (th14201UTC14 UTC5901UTC)|AUD,NZD, Flows and Orders, fxww, Technical Analysis|2 Comments

EUR/GBP: Continue to trade the downward channel

  • One constant for me is the fact that EUR/GBP is headed lower;
  • I’m continuing to trade the downward channel (see chart);
  • Sell rallies towards .8400 looking for .8100.
By |January 17th, 2014 8:17am (th14171UTC14 UTC1701UTC)|fxww, GBP crosses, Technical Analysis, Trade Ideas|0 Comments

EUR/USD: Short side favoured as crosses look bearish

  • EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in place);
  • EUR/GBP is headed back sub-.80 in coming months (imho of course);
  • EUR/JPY as mentioned […]
By |January 17th, 2014 7:37am (th14171UTC14 UTC3701UTC)|EUR crosses, EUR/USD, fxww, Technical Analysis, Trade Ideas|0 Comments

EUR/JPY topping formation looking more plausible

  • Possible topping formation ahead of 143.00 (see chart);
  • Needs break and hold below 140.40 to confirm;
  • Shorts favoured with stops above 143.25.
By |January 17th, 2014 6:58am (th14171UTC14 UTC5801UTC)|fxww, JPY crosses, Technical Analysis, Trade Ideas|0 Comments

AUD/USD: Initial resistance at .8820, look for stronger levels near .8870

The macro speculative market is piling into AUD/USD shorts, with .8500 seen now as a foregone conclusion and some starting to talk now of levels below .80 cents.

Initial resistance […]

By |January 16th, 2014 3:04pm (th14161UTC14 UTC0401UTC)|AUD,NZD, fxww, Technical Analysis|3 Comments

AUD/USD: Favour playing from long side today

  • The professional speculative market is quite short of AUD already as a proxy for the ‘China credit bubble’ trade;
  • The daily chart is trying to form a springboard with rising […]
By |January 16th, 2014 7:37am (th14161UTC14 UTC3701UTC)|AUD,NZD, fxww, Technical Analysis, Trade Ideas|1 Comment

Levels to watch during European trade

  • USD/JPY: Technical resistance at 104.50 and sizeable sell orders at 104.60/65.
  • USD/CAD: Barriers at 1.0975 and 1.1000.
  • USD/CHF: Stops below .8980.
  • EUR/JPY: Strong technical resistance near 143.20.
By |January 15th, 2014 4:56pm (th14151UTC14 UTC5601UTC)|Flows and Orders, fxww, Technical Analysis|0 Comments

USD/JPY: Still feels like we could get a silly spike to 110+

I don’t have a position in USD/JPY at the moment and therefore my opinion should carry less weight but for what it’s worth, it feels to me that we […]

By |January 15th, 2014 12:00pm (th14151UTC14 UTC0001UTC)|fxww, Technical Analysis, Trade Ideas, USD/JPY|6 Comments

Cable: Bull trend in place but expect more sideways in short-term

  • 4-hr chart shows the bull trend still in play but the MAs losing momentum (see chart);
  • Major support should develop now near 1.6250 whilst 1.6600 will attract profit […]
By |January 15th, 2014 11:46am (th14151UTC14 UTC4601UTC)|fxww, GBP crosses, Technical Analysis|0 Comments

NZD/USD: Settling above previous hourly highs

Selling the NZD/USD was obviously not a good idea and the break above previous hourly highs at .8320 now opens the way for further gains, although there is still […]

By |January 13th, 2014 2:30pm (th14131UTC14 UTC3001UTC)|AUD,NZD, fxww, Technical Analysis|1 Comment

EUR/JPY: Topping pattern negated with break above 142.90

Any hopes the bears might have had of a topping formation have been dashed with the break above 142.90.

By |January 8th, 2014 4:28pm (th14081UTC14 UTC2801UTC)|fxww, JPY crosses, Technical Analysis|0 Comments

AUD/NZD testing trend lows again near 1.0750

  • The market can stay irrational longer than you can stay solvent!
  • There seems to be no let-up in the market demand for NZD;
  • Next technical resistance of note in NZD/USD is […]
By |January 8th, 2014 7:42am (th14081UTC14 UTC4201UTC)|AUD,NZD, fxww, Technical Analysis|0 Comments

USD/JPY: Stops triggered in thin markets; technical support at 104.15/20

  • Markets remaining very illiquid during holiday period and stop-loss orders make easy pickings;
  • Next technical support in USD/JPY is at the short-term bullish trendline near 104.15/20;
  • Previous highs below there at […]
By |January 3rd, 2014 1:36pm (rd14031UTC14 UTC3601UTC)|Flows and Orders, fxww, Technical Analysis, USD/JPY|4 Comments

Cable: Looking for buying opportunities near 1.6400

  • The GBP was hit across the board after not-so-impressive economic data;
  • EUR/GBP looks to be in a bear trend channel with current parameters at .8200/.8425;
  • GBP/JPY is in a steep bull […]
By |January 3rd, 2014 7:45am (rd14031UTC14 UTC4501UTC)|fxww, GBP crosses, Technical Analysis, Trade Ideas|3 Comments

USD/JPY: Technical resistance at 105.50 looking more formidable

  • Profit taking in illiquid markets in the Yen crosses was the main feature in overnight trade;
  • GBP/JPY and CHF/JPY were the hardest hit;
  • The trends in the crosses remains very strong […]
By |January 3rd, 2014 7:39am (rd14031UTC14 UTC3901UTC)|fxww, Technical Analysis, USD/JPY|0 Comments