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The DAX saw strong downward movement yesterday. Further movement down could follow a break of the 5836 low www.tradermanagement.com/forex-charting-library/germany-3...
EURUSD pushing lower following a rally up. Move looks impulsive and could pull back to previous support.
USDJPY faces considerable Support at 8751 - the 261.8% level. A break of 8784 could see the pair move up towards 8883 www.tradermanagement.com/forex-charting-library/spot-fx-u...
EURGBP is currently sat on the Daily Wedge line. The 1 Hour chart shows the formation of a Head and Shoulders pattern www.tradermanagement.com/forex-charting-library/spot-fx-e...
GBPUSD hit 1.5694 Support, & looks to have paused there. Shorter timeframes show further Support at these levels www.tradermanagement.com/forex-charting-library/spot-fx-g...
GBPUSD facing a strong bias to the downside. Could soon correct higher, with 1.5054 possible before the next leg lower www.tradermanagement.com/forex-charting-library/spot-fx-g...
USDJPY has spiked through both 261.8% and the descending trend line. Too early to say whether the move down has ended www.tradermanagement.com/forex-charting-library/spot-fx-u...
AUDUSD shows a large Ascending Triangle, with a smaller Triangle therein. Both formations give the pair a Bullish bias www.tradermanagement.com/forex-charting-library/spot-fx-a...
GBPUSD has corrected higher in a possible ABC formation. Alternatively, could be movement A in a larger ABC.
EURUSD continues up in a Daily Wedge. Pair faces Resistance at 1.3294 and 1.3415, and shows a Flag on the 1 Hour Chart www.tradermanagement.com/forex-charting-library/spot-fx-e...
GBPUSD forms a spinning candle on the daily chart. Triangle formation favouring a move down also evident.
USDJPY has moved down in a 4 Hour Wedge. The 1 Hour Chart shows an Ascending Triangle, giving the pair a Bullish bias www.tradermanagement.com/forex-charting-library/spot-fx-u...
EURGBP retains a Bullish bias, with an impulsive move evident this morning. A move towards 8820 should complete Wave 3 www.tradermanagement.com/forex-charting-library/spot-fx-e...
$USDCHF still stuck in a channel formation having resulted in dojis for the past three sessions on the Daily chart.
GBPUSD stopped at the previous price zone of 1.5574, and has since moved up in a small B Wave towards 1.5727 www.tradermanagement.com/forex-charting-library/spot-fx-g...
USDJPY remains Bearish on the 1 Hour chart, but a break of 8731 should reverse the trend. Pair faces strong Support www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDJPY has formed a Doji at 8863, suggesting the formation of a Head and Shoulders pattern. Neckline evident at 8848 www.tradermanagement.com/forex-charting-library/spot-fx-u...
GBPUSD must be held by 1.5534 for the bias to remain Bullish. Bias is currently to the downside www.tradermanagement.com/forex-charting-library/spot-fx-g...
GBPUSD has dropped to 61.8% of the last move higher. Pair is currently held at the earlier level of Resistance www.tradermanagement.com/forex-charting-library/spot-fx-g...
GBPUSD; having reached the top of the 3rd Wave; should pull back towards 1.4937 to 1.4824 in a choppy 3 Wave move www.tradermanagement.com/forex-charting-library/spot-fx-g...
USDJPY retains a Bearish bias. If the pair can manage to close within the Wedge formation, then 8300 becomes possible www.tradermanagement.com/forex-charting-library/spot-fx-u...
GBPUSD has come back to test the breakout line, having broken from the Head & Shoulders. Move up looks corrective www.tradermanagement.com/forex-charting-library/spot-fx-g...
EURGBP has pulled back to the breakout line following a move lower. Pair continues to trade in an Expanding Wedge www.tradermanagement.com/forex-charting-library/spot-fx-e...
USDJPY looks increasingly to be forming a Flag. Break of the Cloud; evident at 8600; should see a move up towards 8800 www.tradermanagement.com/forex-charting-library/spot-fx-u...
GBPUSD has formed a Triangle, having reversed at 1.5112. A break of 1.5030 could see the pair target 1.4936 www.tradermanagement.com/forex-charting-library/spot-fx-g...
AUDUSD move down looks corrective, having reached 50% to 61.8% level. Break of 8394 would suggest end of correction.
AUDUSD has broken from the top of the cloud. Close below 8929 should confirm a correction lower is due www.tradermanagement.com/forex-charting-library/spot-fx-a...
GBPUSD saw movement higher following US dollar weakness. The 1.5730 high will be a major level for the pair www.tradermanagement.com/forex-charting-library/spot-fx-g...
USDJPY looks to be continuing lower. Pair may now test the break out line, evident between 8441 and 8404 www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDJPY retains a Bearish bias, despite signs the pair is oversold. 8753 is particularly significant level for the pair www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDJPY could be forming a head and shoulders formation, favouring a move down if it can break 9160. Alternatively, could be in a large corrective channel, favouring a significant upside movement. Pair would need to break 9284.
USDJPY rallied up after a possible Double Bottom at 8316. Pair must close above 8403 before the bias turns Bullish www.tradermanagement.com/forex-charting-library/spot-fx-u...
Following a move upwards, the correction in EURUSD appears to be ending. Needs to break 1.2278 for confirmation though. A break through 1.2278 should see a bounce around the 1.2203 level. Conversely, a move through 1.2400 would establish a target of 1.2500.
USDCHF has broken from wedge, but move down was not impulsive. Needs to break 1.1578 to 1.1465 range.
USDJPY has been trading sideways for the past 4 days, with the pair held at 261.8% level. The bias is neutral for now www.tradermanagement.com/forex-charting-library/spot-fx-u...
EURUSD saw a false breakout yesterday. The pair has since broken through the bottom of the triangle formation, with 1.1900 established as the target.
USDJPY saw a move up following rumours of further BoJ intervention. A close above 8488 could see a move to 61.8% www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDJPY currently trading within a large Descending Wedge. Bias for the pair is Bearish whilst trading within the Wedge www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDJPY hit first target of 8720, with most timeframes Bearish. 1 Hour Chart shows formation of an Ascending Triangle www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDCAD remains Bearish. A break of 1.0216 should see a move down to 1.0138; the previous price zone & the 261.8% level www.tradermanagement.com/forex-charting-library/spot-fx-u...
USDCAD holding at previous Support of 1.0311. A bounce, followed by Resistance, should produce a Descending Triangle www.tradermanagement.com/forex-charting-library/spot-fx-u...
GBPUSD has a long term target of 1.5634. In the short term, the pair may correct towards 1.5017 before moving higher www.tradermanagement.com/forex-charting-library/spot-fx-g...
AUDJPY is sat on the descending trend line. Pair faces Resistance at bottom of the cloud, which lines up with the MACD www.tradermanagement.com/forex-charting-library/spot-fx-a...
EURGBP is at the top of the cloud and may now correct shortly before continuing upwards. Target is at start of Wedge www.tradermanagement.com/forex-charting-library/spot-fx-e...
EURGBP faces earlier Resistance at 8395. We expect to see a turnaround soon, resulting in a Head and Shoulders pattern www.tradermanagement.com/forex-charting-library/spot-fx-e...
GBPUSD is trying to reach the 261.8% level of 1.5634 in a 5th Wave. This will be a considerable Resistance level www.tradermanagement.com/forex-charting-library/spot-fx-g...