Daily Technical & Fundamental Analysis

Daily Analysis | GBP/JPY | 13 of November
13 November, 2017 11:33

Daily Analysis | GBP/JPY | 13 of November

The GBP/JPY rally and profit taking on short trades that happened on Friday has been negated by an early Monday drop and sell off. Brexit concerns are still weighting on the pound and investors tend to flee in the JPY safe haven. The GBP/JPY, popular "Dragon" dropped below the trend line and a subsequent retest of the POC zone might spur another sell off.

Daily Analysis | EUR/JPY | 8 of November
08 November, 2017 12:17

Daily Analysis | EUR/JPY | 8 of November

Different Forex crosses are breaking out of their consolidation phase, making breakouts off the important levels as we could see yesterday in the example of the GBP/NZD. Today we have a consolidation with a possible breakout on EUR/JPY. 

Daily Analysis | GBP/NZD  | 7 of November
07 November, 2017 14:05

Daily Analysis | GBP/NZD | 7 of November

The GBP/NZD is consolidating within the cup with handle pattern and we might see a breakout as there is also a trend line confluence. If the price spikes above the trend line/ EMA89 /D H4 / ATR pivot -1.9035 and/or we see a 4h close above the level the price might continue its move towards 1.9095 and 1.9145.

Daily Analysis | WTI Ascending Scallop at 61.8  | 6 of November
06 November, 2017 12:47

Daily Analysis | WTI Ascending Scallop at 61.8 | 6 of November

The WTI is in a strong uptrend. The price is getting positive momentum and at this point a retracement towards the POC could possibly be used for another leg to the upside. Near term historical buyers are aligned with the POC 55.00-55.20 (Order block, 61.8, D L3, trend line,

Daily Analysis | USD/CAD | 2 of November
02 November, 2017 11:35

Daily Analysis | USD/CAD | 2 of November

The USD/CAD has formed a double top pattern exactly at D H3 pivot. At this point we see a retracement that shows another proof how strong camarilla pivot points are. From a fundamental point of view the market might be waiting for ADP data today as well as CAD Employment change and trade balance. We should see a bit of volatility during the NY/LO Session overlap. From a technical point we see the two POC zones. 

Daily Analysis | EUR/GBP | 31 of October
31 October, 2017 15:25

Daily Analysis | EUR/GBP | 31 of October

The EUR/GBP has been in a zig-zag mode, making lower highs and lower lows that qualify for a downtrend. D L3 camarilla pivot has established a support but still, the breakout is possible. In the case of breakout below the D L3 support a break below 0.8805 potentially targets 0.8785, 0.8764 and 0.8750. A retracement to the upside could bring the pair to POC zone (D H4, EMA89, 50.0,ATR high, historical sellers) 0.8835-50.

Daily Analysis | Gold | 30 of October
31 October, 2017 15:06

Daily Analysis | Gold | 30 of October

Gold is in a steady downtrend. Better than expected advance GDP in US continues to weight on Gold. My conclusion is that the USD gains and risk appetite continue to limit the upside for Gold. However we might see a retracement from L3 towards POC1 and POC2. The POC1 (D cm, W H1, EMA89, 61.8, trend line, atr pivot) 1273.20-1275.35 could turn the price down to 1268.18 and 1262.69.

Daily Analysis | GBP/JPY | 26 of October
26 October, 2017 15:19

Daily Analysis | GBP/JPY | 26 of October

The GBP/JPY has formed a continuation triangle. The entry that was made on LIVE webinar provided more than 50 pips and the price is consolidating above the POC zone now. The POC 149.70-95 could spike the price up again but 149.15 needs to stay firm. In the case of deeper retracement 149.40 should provide support and short term buying opportunities too. Above 150.28 we might see a continuation towards 150.83, 151.07 and 151.43. Only if the price breaks above 151.43 we could see 151.78 and 152.00 in upcoming days.

Daily Analysis | AUD/JPY | 26 of October
26 October, 2017 12:29

Daily Analysis | AUD/JPY | 26 of October

The Australian CPI rose 1.8 percent for the year which was lower than 2 percent expectation. The data hurt the AUD and it made a direct drop to W L4 with an extension to 87.78. At this point shorting on rallies is the option. Short term scalps could come around 88.08 while positional short trades could come at the POC zone 88.25-40 (D L4/L5, W L3, Order block, EMA89, trend line,atr pivot, 50.0 Fib).

Daily Analysis | WTI Bullish SHS Pattern Suggest More Upside | 24 of October
24 October, 2017 15:39

Daily Analysis | WTI Bullish SHS Pattern Suggest More Upside | 24 of October

The lower U.S. rig count number on oil drilling, the OPEC compliance to the output reduction, and the geopolitical tensions in northern Iraq along with discussions of Iran sanctions have helped Oil prices higher. Technically we can see two big inverted head and shoulder patterns pushing the price upward and continuation is expected as both technical and fundamental views are aligned.

Daily Analysis | USD/CAD | 23 of October
23 October, 2017 11:30

Daily Analysis | USD/CAD | 23 of October

The USD/CAD both daily and 4h time frames are in uptrend and at this point we can also see a bullish swing has formed on H1 time frame too. The MACD is strongly positive and price action has formed two POC zones. POC 1.2590-1.2605 ( ATR pivot, order block,38.2 D L3) and POC2 1.2540-60 (D L4,EMA89, 61.8,ATR low). Any of these zones might potentially spike the price to the upside in case of retracement. If we don't see a retracement watch for continuation above 1.2645. 

Daily Analysis | EUR/USD | 20 of October
20 October, 2017 12:07

Daily Analysis | EUR/USD | 20 of October

The EUR/USD has formed a triple top pattern exactly at 88.6 fib of the major H1 swing. USD/JPY strength that I have presented as a trading idea on my yesterday's webinar moved the EUR/USD first to the upside then rejection happened due to negative correlation. However the EUR/USD has reached 1.1858 and only momentum above this triple top can move the price further to 1.1876 and 1.1900.