INSIDEFX

INSIDEFX

Posted this set up last week, however due to technical factors not aligning the trade set-up was cancelled. Following Friday's bullish engulfing closure breaking out of the range-play, Euro now looks set to advance into the 126.000 weekly key region.

INSIDEFX Updated 

The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of...

INSIDEFX

Daily Perspective: As investors hope to find clarity on the situation, this market remains very sensitive to what seems like even the slightest thread of news regarding Brexit. Yesterday found strength in the fact that negotiations were developing and a final text had been finally put together, but with the underlying uncertainty remaining the market pulled back...

INSIDEFX

Continuation of bearish pressure from the top of the consolidation range straight through the bottom support region. Again here, we’d expect some form of retracement at least to 0.7320 to retest the broken range before heading lower to 0.7200 on the way to that weekly support region. I did like the prospect of a test of the downtrend before heading lower which is...

INSIDEFX

On the Daily timeframe price approached the neckline and top of the consolidation range yesterday and pulled back to around 50% of it’s movement, this suggests sensitivity around this region. We look to today’s close as well as tomorrow’s to confirm this as a lower high. However, price remains above the moving averages which it’s using as support and is currently...

INSIDEFX

The new low formed at the end of last week failed to break the previous low but has held at the same 1.3080 daily support region. This can be taken as the neckline of our potential head and shoulders formation. Moving averages have been holding price down nicely but the last H4 candle has broken the first level of resistance as price headed towards the 1.3150...

INSIDEFX

Continued Bullish movement yesterday as price broke and closed above daily moving averages. The moving averages haven’t yet crossed to the upside so we haven’t confirmed further bullish moves but these may now provide a level of support as we look to retest the downtrend in line with the refined Fibonacci retracement region. This could form the lower high in the...

INSIDEFX

On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500. Price moved largely bullish yesterday breaking back...

INSIDEFX

After being trapped for over a month between 1.8000 and 1.7750 is GBPAUD ready to drop to new lows? Well last week we witnessed the pound in the spotlight with wage growth slowing, inflation missing expectations and retail sales surprisingly worse than expected. The week prior to that we had sudden resignations from David Davis and Boris Johnson, some high...

INSIDEFX

On the daily time-frame we can clearly see the bullish leg has formed its high and reversed with an evening star formation just shy of the major resistance region. This was followed by heavy bearish pressure on Friday breaking the exponential moving average and weekly support. Continued bearish pressure into today’s session has seen price break through the simple...

INSIDEFX

On the daily time-frame we can clearly see the bullish leg has formed its high and reversed with an evening star formation just shy of the major resistance region. This was followed by heavy bearish pressure on Friday breaking the exponential moving average and weekly support. Continued bearish pressure into today’s session has seen price break through the simple...

INSIDEFX Updated 

Still bullish as price has broken through the consolidation range and remains above dynamic MA support printing lots of downside wicks on the H4 time-frame showing limited downside potential. You can see the range here on the daily time-frame and the downside fib scenario which has now been invalidated as price moves past the 78.6%. We can see price definitely...

INSIDEFX Updated 

With similarities to Aussie on the weekly time-frame we saw price form a bullish retracement to retest the downtrend at the back-end of last week. This was off the back of positive fundamentals and price seems to have formed it's lower high, rejecting the trend which is also in line with the refined Fibonacci region. Price has already broken the simple moving...

INSIDEFX Updated 

After creating a new low just below daily resistance price was whipped back up suggesting manipulation and has rallied; breaking back above the moving average, retesting them as support and continuing to break through our downtrend in line with the moving average crossover to the upside.This suggests that price is definitely going higher to test highs around...