Technical Analysis

USD/CAD Daily bullish hammer but watch the news


The USD/CAD has formed a daily bullish hammer as we can see on our mini chart and it is in alignment with historical buyers a support. It suggests a bullish continuation. Currently the market is waiting for important CAD and USD GDP news so we need to pay attention to...


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USD/JPY Pinbar confluence formed


The USD/JPY aka "The Ninja" is in downtrend but after latest reports from BOJ, it has been put into a retracement mode. Abe's stimulus could be up to $354 billion. Technically the retracement is seen on H1 intraday chart and from a short term trading perspective we could see sell...


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EUR/GBP Time to short?


The EUR/GBP has formed a bearish pennant at resistance and this might be the time to watch for short trading opportunities. 0.8400-20 is the zone for shorts - POC, H4 camarilla PP is making a confluence with the upper pennant trend line and the price might reject 0.8340 and 0.8295....


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GBP/JPY trend line broken


The GBP/JPY aka "Dragon" dropped below the trend line and currently it is in downtrend. After hitting 135.94 lower support (L4 Cam weekly PP) it closed above L4 so we need a 4h close below it (136.80) for a further continuation down. Currently the pair is in retracement and there...


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AUD/NZD close to resistance but still bullish


As we could see in my previous AUD/NZD analysis, the pair went as expected. Additionally it was the trade setup of the week on the previous Session Recap webinar. It seems that NZ dairy will be weak for some time and RBNZ is hinting at rate cuts, so the...


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