Today’s Forex Signal June 30th
AUDUSD – One More Barrier to Go After an impressive 10-day 750pip rally off the yearly lows to .8850, the pair has slumped 6 out of the last 8 days with the candle from two days ago being the 3rd largest sell-off of the year. Today’s candle had a with-trend rejection and ended up bearish so we expect the pressure to continue. The pair is just sitting above the 61.8% retracement of...
Read MoreChart of the Week June 28th
EURGBP After breaking through the 4 week support at .8424, the pair busted through lower with quite a move down to 8250. After this, the pair bounced in a 2week corrective fashion only to have a strong sell off last week closing just off the lows at .8212. Since then, the pair has opened up this week selling off the entire time suggesting the continuation is underway. The next level of...
Read MoreForex Ichimoku Report June 28th
EURUSD – Forming a Base or Part II? After climbing for two straight weeks, the pair has sold off another week in a peculiar fashion. How so? The pair gapped up to start the week on the Yuan float, then sold off only to bounce at the end of the week and close exactly where it did the week before. The rejection down below suggests there may be some buyers down below and 1.2000 is...
Read MoreToday’s Forex Signal June 24th
NZDUSD 4hr Chart After making an impressive run from sub 6600 – 7150, the pair has double topped putting it in a range from 7150 – 7050. However, the last 4hr candle could be a bad omen for bulls as it forms a stiff rejection just shy of 7150. This could portend a decline in the works but it will first have to break the base at 7025 for further losses. Should there be a close...
Read MoreToday’s Forex Signal June 23rd
GBPJPY 4hr Chart After a strong impulsive move to the downside lasting 20 days and 1900 pips, the pair has retraced back to the 50% retracement of the move at 135.98. The pair has hit this level 6x since June 3rd, every time rejecting off this level and never closing above the big figure at 136. Its mostly been trotting in place between the 38.2% fib (133.78) with only 8hrs below and the...
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