Fx_Advisor

Fx_Advisor

NZDUSD weakness extended overnight, breaking below the early August low and uptrend form March, currently at 0.6597/75, thus completing a small top and finally managing to follow through on the recent bearish “outside day” and the bear “wedge” that is still in place. Beneath .6503 could see weakness extend even further with next support seen at .6466, ahead of...

Fx_Advisor Updated 

EURUSD extending its consolidation. Growing concern about a potential double top forming with the neckline 1.1685/00. Potential trade: If you want to preempt the double top. Sell 1.1830/40 S/L 1.1855 bid. On the other hand if you do believe this is a consolidation before a run up to the 1.1900/1.2000 area. Buy 1.1700/1.1685 tight Stop loss @ 1.1665.

Fx_Advisor

EURJPY extends its concerted test of key support from its June low and78.6% retracement of the Q1 2019 rally at 120.79/78, which continues to hold for now. Although daily MACD momentum has turned lower, only a decisive break below here would confirm the break of the medium-term uptrend from 2016 to see the completion of a large bearish "triangle" continuation...

Fx_Advisor

EURCHF has seen a conclusive break of key support from its 1.1056/51 range lows to mark a resumption of its core downtrend, in line with our broader bearish stance following the completion of a large bearish continuation pattern in late June. We look for the trend to stay directly bearish with support seen next at 1.0989/84, but with the next meaningful support...

Fx_Advisor

We broke the neckline @ 9650 completing a double top. We only managed 9070 close to the downtrend channel base. Since then we recovered testing the 50% retracement of the (10200/9070) down move and the last lower high (11050/11150). We would need to break this pivot (11050/11150) to gather momentum otherwise we will target 10025/10100 again first support...

Fx_Advisor

1.2340/55 is the short term resistance and a good risk-reward selling point

Fx_Advisor

AUDNZD finally reached its support 1.0397/05. Now recovering to resistance -->former support 1.0445/50 followed by 1.0490/95. Ideally, Resell the rally either 1.0490 or 1.0530/45.

Fx_Advisor

This AUDJPY seems to be forming a base with support 75.00/20. The quick move back up from the trendline and the 75.00/20 zone is promising. Let s see if we can move back above 76.20/35.

Fx_Advisor

Retracement resistance at 108.90/00 has capped to avoid a base to see a sharp fall, with support next at 107.60/50 USDJPY failed to clear key resistance from the 38.2% retracement of the fall from April at 108.93, avoiding a small ‘head and shoulders’ base to see a sharp turn lower within the recent range. Support ...

Fx_Advisor

the AUDUSD moved up yesterday following Powell comment. It will start to face resistance at 0.6990. USDYEN: 107.60 is key support on the short term. Support & Resistance are well defined on the chart.

Fx_Advisor

USD/JPY bid but holds under 109 ahead of Powell testimony • USD/JPY bid on Gotobi Tokyo fix demand, Asia 108.85 to 108.99 before fade • Offers ahead of 109.00 vacuumed but plenty more at 109.00, beyond • Some specs eyeing stops 109.00+ but Japanese exporters, option players await • USD 1.8 bln 109.00 option expires today, tomorrow 109.00-50 total 3.5 bln+ • US...

Fx_Advisor Updated 

AUD/USD-Maintains heavy tone in narrow Asian range • AUD/USD traded in a 0.6919/31 through the Asian morning • Weak Aus consumer confidence sent AUD/USD to a session low • Buyers ahead of 0.6915 underpinned and it settled 0.6925 into the afternoon • AUD/USD support at 61.8 of 0.6832/0.7048 move at 0.6914 • Resistance at the 21-day MA at 0.6949 and break ease...

Fx_Advisor

NZDUSD: double bottom ---> back on the trendline what now? 0.6653/58 key level.

Fx_Advisor

AUDUSD weakness has indeed proved to be corrective as suspected, with the market surging higher for a break above the .7036 high of Monday to negate the bearish “reversal day”, and we maintain our view we are on the cusp of seeing a base complete. A close above the June high at .7023 and then .7036 remains needed to confirm a base and an important turn higher...

Fx_Advisor

Key support at 1.3068/52 is holding. A break trough would set a large top USDCAD USDCAD saw a quieter session yesterday, negating some of the gains from Monday to add weight to the view strength is corrective only ahead of a move back to retest important support from the 38.2% retracement of the 2017/2018 rally and 2019 low at 1.3068/52. Although further ...

Fx_Advisor

has fallen sharply to challenge the 2018 low and medium-term uptrend from 2015 at 1.4766/60. A break below here would see a large top complete to mark an important change of trend lower with support then seen next at the 38.2% retracement of the entire 2012/2018 bull trend at 1.4616, with the long-term uptrend from 2012 and September 2017 low at 1.4442/41. The...

Fx_Advisor

The risk has turned lower for a retest of key support at 120.80/78 EURJPY weakness has extended after rejecting important resistance from its June high and 38.2% retracement of the fall from March at 123.35, as well as its 5-day average, removing support at 121.65 to warn of a move back to the lower end of the broader range. Support is seen initially...

Fx_Advisor

Can we test 9.4175 then 9.4475?