Technical Analysis

  GBP/CAD found solid support at 1.71320 from June’s old resistance. GBP/CAD Short term trade has superior reward to risk ratio if optimal entry is obtained. Caution: We are below the 200 and 50 EMA which will present price resistance once tested and this is a counter trend trade meaning…

  Technical Report Ahead of Week Beginning on the 31st of September  Key Ideas Summary  EUR/USD – Long Bias  USD/CAD – Short Bias  GBP/JPY  – Long Bias  Please refer to analysis below for further explanation and chart visualisations. EUR/USD                       …

USD/CAD Trade Idea  As illustrated in the image above, current prices are forming a ‘head and shoulders’ chart pattern formation, with prices creating the ‘right’ shoulder of the pattern. Technically speaking, we could see prices push sharply higher upon the break of the neckline (orange zone) at around 1.344. Zooming…

Both Gold and Silver rose sharply overnight, with gold up 0.80% as we head into the London open, on track to posting its best month in 8 and half years.

AUD/USD is currently forming a 'right shoulder' pattern. Previously candles have been trading in a choppy range.

4 Hour Timeframe – GBP/CHF 07/07/2020 17:30 PM Technical As illustrated in the chart above, there is a clear bullish head and shoulder formation. Prices are currently testing a key resistance level at around 1.18400 , a break and close above this zone would confirm the bullish head and shoulder…

Price is testing an intermediate intraday resistance at 1.13222, a close below this zone is likely to see prices fall towards the upper trendline support at around 1.12904.