vj20_fx

vj20_fx

analysis on chart

vj20_fx

This pair has now reached a very key level for this pair. The 0.78000 level has also been a major swing point for this pair and now for the past 2 years. We have now reached a point where CAD is weakening causing this pair to push down. This is due to the oil supply and demand not correlating around the world. I am now waiting for a candlestick to close below the...

vj20_fx

If we see a bullish engulfing candle complete on the 2 hour chart I believe we will see a bullish rally. subscribe to www.thepeartgroup.co.uk for analysis!

vj20_fx

Price has now broken through a counter-trend with a strong bearish candle.

vj20_fx

I can see this pair pulling back to minor support level 1.6600 which also meets the counter-trend to form a higher low. Once price hits here, it will possibly reach at least 1.88000 or even further Subscribe to my website which will have much more detailed analysis when it launches! www.thepeartgroup.co.uk

vj20_fx

After a strong bullish move from this pair, it has formed a ‘falling wedge’ chart pattern. It has now retraced back to the pattern and a string support zone so I expect a reaction.I am waiting for price to touch my support zone first before taking a long position. Once it touches my zone, I will be looking for further confluence such as candlestick formations...

vj20_fx

EURGBP failed to break the strong resistance level for the past two weeks. Last week we had indecisive price action with 4 doji’s forming. Even though these candlesticks show a lot of price action throughout the day, all managed to close below 0.89500 resistance level. I believe we have bearish momentum coming next week to at least 0.88600. Heading back to basics,...

vj20_fx

Price has been very respective of the bearish trendline for a year. The last lower high did however breakthrough the trend now respecting the strong resistance zone. This zone has proved to hold price very well so since we have now seen price closed above the trendline, I now see price testing the major resistance zone once again. We could see a retracement...

vj20_fx

AUDUSD has now reached the key level 0.80600 again, the highest point for this pair since May 2016. Made clearer on the daily chart, price did not idle at this point. Price reached the weekly key level and formed a pinbar showing how strong this level is. The confluence is solid for bearish momentum. Price is now in a consolidation phase reacting strongly to...

vj20_fx

The strong resistance level 148.100 has proved to hold price very well since the end of last year. Price failed to make a higher high recently with a strong bearish reaction at the support zone. We have just seen a retracement to 146.800 and rejected twice showing that price did not idle at this level.I am now waiting for price to react at support level 145.000 to...

vj20_fx

We have been watching this pair very closely waiting for it to break the strong resistance level it was consolidating in. We have now seen a strong break with very strong bullish candles. I believe we will see a strong rally to the upside however we do have to watch out for the monthly resistance level 1.16100 where price has spiked twice before. If we see price...

vj20_fx

The last 3 weeks have been interesting for EURGBP. Price formed 2 pin bars with a bullish engulfing candle in between. This shows us the selling pressure was coming however bulls tried to take over. Bulls failed to even break resistance at first and they tried again last week but the bears came in even stronger this time closing the candle below the last open. We...

vj20_fx

The update from last week’s analysis. Price has pushed higher and now sitting in the strong resistance zone. We need to see a clean break of this zone to enter this trade. Last week, price formed a ‘morning star formation’ telling us the bulls pressure is coming. On the 4-hour chart, price just broke and retraced to a trend-line but I believe price will break back...

vj20_fx

GBPJPY is approaching the key level of 148.100 quickly and we could see a very strong reaction. Price has not broken this level since June 2016 and has been tested twice. When tested, there was no consolidation phase, only a very strong bearish move following. We could see this again when price touches the level. However, if we do see a break, it could be a very...

vj20_fx

USDJPY has recently broken the downtrend it’s been in since the start of the year. We can tell the trend is no longer valid as price has formed a swing point instead of a lower high. Price has now retraced to the trend-line and even though U.S. Data had a strong short-term bearish effect on the pair. It still failed to break back through the trend-line. If we see...

vj20_fx

The Aussie is gaining some strength at the moment rallying to the upside hastily causing a bullish engulfing candle last month. The monthly time-frame has formed an ‘ascending triangle’ pattern after a strong bearish move. This is telling us to wait until price breaks through the top of this triangle. We also have a strong resistance zone better seen on the weekly...

vj20_fx

Last week’s price action for GOLD was very bearish breaking through a strong trendline and a strong support zone with very little retracement. On the weekly time-frame, we have now had a complete ‘double-top’ formation where price has now just passed the neck-line ready for entry. I believe GOLD has more bearish momentum to go. However, we could argue that GOLD...

vj20_fx

The GBPAUD chart is full of technical signals showing a SHORT. Starting with the Monthly Time-frame, we have an ‘evening star’ formation on the monthly resistance. This is telling us there is possible bearish momentum is coming. Moving to the daily chart, we have a bearish trend that has formed and complete with 3 touches on the trend. The counter-trend to the...