Atlas CapitalFx Posted March 6, 2015 Author Report Share Posted March 6, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 06.03.2015 EURUSD http://acfxacademy.com/wp-content/uploads/2015/03/06032015EURUSDH1.png The intraday technical outlook With the ECB confirming the date that Euro stimulus will begin the focus now falls on what is the next key level of support. The obvious level be 1.1000. As it is NFP day good US job numbers combined with a pick up in average earnings could see this level being breached during today’s trading. The recent activity has now formed two pronounced down channels around the price action. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1100 level. GBPUSD http://acfxacademy.com/wp-content/uploads/2015/03/06032015GBPUSDH1.png The intraday technical outlook The price action continues to trade within a fairly steep down channel. GBPUSD having broken under the 1.5300 support level the price action is this morning trading under the 1.5245 prior monthly prior support level. I am this monitoring the price action for a continuation of the downward momentum. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5400 level. USDJPY http://acfxacademy.com/wp-content/uploads/2015/03/06032015USDJPYH1.png The intraday technical outlook Following the bounce of its channel bottom USDJPY has once again traded above the most recent isolated high. With the trend being so bullish the expectation is that we continue to see higher prices. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.40 level. USDCHF http://acfxacademy.com/wp-content/uploads/2015/03/06032015USDCHFH1.png The intraday technical outlook USDCHF continues to trade in a broad up channel. The price action has formed a typical staircase formation. Due to the bullishness of this formation I will be monitoring the price action for a continuation of the current trend. However with news soon to be released by the SNB on the level of its foreign currency reserves there will be market interest on the level and pace of buying of the Euro by the Swiss central bank. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9610 level. AUDUSD http://acfxacademy.com/wp-content/uploads/2015/03/06032015AUDUSDH1.png The intraday technical outlook The Aussie Dollar continues to experience a great deal of market volatility. This is partly driven by domestic news and partly by events in China. With the price action now trading in a tight six day range we require resolution by the price action either sustaining a higher or lower break. The US jobs numbers could give the market the jolt it needs. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7850 level. GOLD http://acfxacademy.com/wp-content/uploads/2015/03/06032015GOLDH1.png The intraday technical outlook As posted previously previously: There has been an increase in market volatility following the break down from the small up channel. As the longer term trend continues to point down I will be monitoring the price action for a further move lower. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1215.00 level. OIL http://acfxacademy.com/wp-content/uploads/2015/03/06032015CLJ5H1.png The intraday technical outlook Oil continues to experience a mini rally with the price action forming a fairly obvious up channel. However this morning the price action is making an attempt to break down from its up channel. That the price action is trending higher on the 4 hour chart and the attempting to paint a higher low on the daily does give the bulls some room to be optimistic. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 49.80 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 9, 2015 Author Report Share Posted March 9, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 09.03.2015 EURUSD http://acfxacademy.com/wp-content/uploads/2015/03/09032015EURUSDH1.png The intraday technical outlook Euro stimulus gets under the way today. With the prospect of the ECB pumping into the Eurozone some EUR60 billion per month of fresh liquidity one can only anticipate what the longer terms effect this will have on the value of the Euro. Friday’s NFP number well and truly pushed EURUSD through the 1.1000 floor. The next support level being the 1.0760 level being a prior weekly swing point. A breach of this level could see EURUSD test the 1.0600 level being a monthly trend line. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1100 level. GBPUSD http://acfxacademy.com/wp-content/uploads/2015/03/09032015GBPUSDH1.png The intraday technical outlook GBPUSD dropped aggressively off the back of the US job data. The price action continues to trade within a fairly steep down channel. I am this monitoring the price action for a continuation of the downward momentum. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5260 level. USDJPY http://acfxacademy.com/wp-content/uploads/2015/03/09032015USDJPYH1.png The intraday technical outlook The continued rise of the US Dollar sent USDJPY on Friday through the 120.00 level. Although there was a brief flirtation that saw the price action trade above the 121.00 level the price action subsequently experienced a minor correction. I am this morning monitoring the price action for a resumption of positive directional momentum. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.80 level. USDCHF http://acfxacademy.com/wp-content/uploads/2015/03/09032015USDCHFH1.png The intraday technical outlook Friday’s NFP news led to USDCHF experiencing an acceleration of the current up trend. USDCHF continues to trade in a broad up channel. The price action has formed a typical staircase formation. Due to the bullishness of this formation I will be monitoring the price action for a continuation of the current trend. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9715 level. AUDUSD http://acfxacademy.com/wp-content/uploads/2015/03/09032015AUDUSDH1.png The intraday technical outlook The US Jobs number pushed AUDUSD out of its congestion range and sent it lower. A new down channel has now formed. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7850 level. GOLD http://acfxacademy.com/wp-content/uploads/2015/03/09032015GOLDH1.png The intraday technical outlook The prospects of higher US interest rates sent Gold lower on Friday. However the aggressiveness of the move lower could open up the possibility that Gold experiences a good bounce. As the longer term trend continues to point down I will be monitoring the price action for a further move lower. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1209.00 level. OIL http://acfxacademy.com/wp-content/uploads/2015/03/09032015CLJ5H11.png The intraday technical outlook Friday’s break down from the brief up channel that was created would indicate that the prior down trend has once again resumed. However there is some optimism remaining for Oil Bulls with the price action on the daily chart having broken above the top if its large down channel. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 51.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 10, 2015 Author Report Share Posted March 10, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 10.03.2015 EURUSD http://acfxacademy.com/wp-content/uploads/2015/03/10032015EURUSDH1.png The intraday technical outlook The Euro continues to grind down lower and at one point in early morning trading breached the 1.0800 level. However over the past hour we have seen EURUSD experience a minor bounce off this area. A continuation of the move higher could see EURUSD trade back up to the the upper level of its shorter down channel and the 1.0915 resistance level. However with the price action being so negative a continuation of the current down trend is a strong possibility. The shorting of rallies will therefore most probably be the more logical option rather than to try to take pips from the long side of the trade. The next support level being the 1.0760 level being a prior weekly swing point. A breach of this level could see EURUSD test the 1.0600 level being a monthly trend line. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0915 level. GBPUSD http://acfxacademy.com/wp-content/uploads/2015/03/10032015GBPUSDH1.png The intraday technical outlook Overnight GBPUSD traded back up to its channel top. However this level appeared to be a good area for the Bears to add more short positions. A continuation of the move down could see a second attempt to test the 1.5000 level. However over the past hour GBPUSD has been attempting to penetrate its upper channel boundary. A breach of this level could see GBPUSD paint a higher low formation that creates a base for higher prices. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5140 level. USDJPY http://acfxacademy.com/wp-content/uploads/2015/03/1032015USDJPYH1.png The intraday technical outlook USDJPY continues to accelerate higher. However the price action this morning is taking a breather at the 121.80 resistance level being a prior weekly swing point. With the price action being so extended there is a possibility that we see some down to sideways corrective movement. Alternatively with the trend being so bullish an attempt to sustain a move above the 121.80 level should not be ruled out. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.80 level. USDCHF http://acfxacademy.com/wp-content/uploads/2015/03/10032015USDCHFH1.png The intraday technical outlook USDCHF got its break above the 0.9840 resistance level and is now testing the 0.9900 level. With the price action however experiencing such a strong up move there is a possibility that USDCHF may find it difficult to sustain a move above the 0.9920 prior resistance level. USDCHF continues to trade in a broad up channel. The price action has formed a typical staircase formation. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9840 level. AUDUSD http://acfxacademy.com/wp-content/uploads/2015/03/10032015AUDUSDH1.png The intraday technical outlook The good China CPI numbers did nothing to bolster the AUDUSD as the price action continued to slump. However we did get a bounce off the 0.7630 weekly level. With the price action being so overly bearish there is a possibility that we get a corrective bounce back up to the channel top at the 0.7700 level. However the Bears are obviously in control therefore the logic of shortening rallies would potentially be the more appropriate policy. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7740 level. GOLD http://acfxacademy.com/wp-content/uploads/2015/03/10032015GOLDH1.png The intraday technical outlook Gold has continued to trade lower early in the European session. However the price action is now testing a prior weekly support level at the 1157.00. A penetration of this level could see Gold test the 1133.70 support level. Alternatively with Gold being so overly bearish there is a possibility that we see a corrective pullback back up to the 1175.00 resistance level. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1175.00 level. OIL http://acfxacademy.com/wp-content/uploads/2015/03/10032015CLJ5H1.png The intraday technical outlook Oil has experienced some messy price action following the break down from its mini up channel. This stems from the confusion being created by the daily chart which is showing some signs of bullishness following the price action breaking above its down channel. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 49.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 11, 2015 Author Report Share Posted March 11, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 11.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/11032015EURUSDH1.png The intraday technical outlook EURUSD continues with its downward drive as it tests the 1.0650 area. With seemingly no bulls in sight it would appear that there is no stopping the Euro dropping towards the 1.0570 major support level. A break of this level would alert the markets that a move to parity is on the cards. However there are major hurdles in the form of weekly swing levels to be found at the 1.0340, 1.0210 and 1.0090 areas. A bounce off support could see EURUSD retest the 1.0760 resistance level. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0915 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/11032015GBPUSDH1.png The intraday technical outlook Yesterday’s hawkish speech by the Bank of England boss has helped establish a base at the 1.5000 area. This morning GBPUSD has broken above its down channel and painted a double bottom formation. I am currently monitoring the price action for a potential test of the 1.5140 level. Alternatively a resumption of the downward pressure could see GBPUSD reattempt to test the 1.5000 level. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5140 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/11032015USDJPYH1.png The intraday technical outlook This morning USDJPY experienced a strong bounce within its upward channel. I am currently monitoring the price action for a test of yesterday’s high in the 122.00 area. Alternatively there is still room for the price action to retest the channel bottom. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.80 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/11032015USDCHFH1.png The intraday technical outlook USDCHF has experienced a remarkable recovery and this morning is trading above the 1.0000 parity level. The price action has formed a typical staircase formation. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9840 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/11032015AUDUSDH1.png The intraday technical outlook AUDUSD is experiencing some messy prices action as any minor rallies are slapped down by the bears. As the price action being so overly bearish there is a possibility that we get a corrective bounce back up to the channel top. However the Bears are obviously in control therefore the logic of shortening rallies would potentially be the more appropriate policy. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7740 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/11032015GOLDH1.png The intraday technical outlook As posted previously Gold continues to bounce off the prior weekly support level at the 1157.00. I am now monitoring a potential move back up the 1175.00 resistance level. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1175.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/11032015CLJ5H1.png The intraday technical outlook Oil continues to trade lower this morning. This is testing the patience of the Bulls who hoped that a daily upside channel break was a sign that a base was about to form. However the daily break is still intact and there is a possibility that we do eventually see higher prices. A move beneath the 47.80 level will negate this scenarios and put the control back firmly in the hands of the sellers. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 49.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 12, 2015 Author Report Share Posted March 12, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 12.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/12032015EURUSDH1.png The intraday technical outlook Yesterday EURUSD continued to trade lower. However this morning EURUSD has found some support around the 1.0500 area and is experiencing a moderate bounce. The area of 1.0500 to 1.0600 is significant. The reason for this is that this area coincides with a prior weekly swing level and a multiple year trend line support. This well established level of support could act as a catalyst for EURUSD to trade higher into the 1.0760 resistance level and the short length channel top. However with the market being so bearish the lower risk policy would be to sell into strength. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0915 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/12032015nyGBPUSDH1.png The intraday technical outlook Yesterday the Pound took a bit of a tumble as the downward momentum accelerated. However yesterday’s down move was halted at the 1.4885 weekly support level. This morning GBPUSD is now experiencing a minor rally as the price action tests the 1.5000 level and its channel top. A break above the down channel could see GBPUSD test the 1.5140 resistance level. However with Cable trading in such an obvious down trend a potentially less riskier strategy would be to sell into strength. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5140 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/12032015USDJPYH1.png The intraday technical outlook The overnight better than expected Japan Consumer Confidence numbers has had the effect of limiting the rise of USDJPY. This morning USDJPY is experiencing a strong sell off. However with support in the form of the 120.70 weekly swing level and the channel bottom being fairly close and with the trend being so obviously bullish I would looking for a bounce off these areas. Alternatively a penetration of the channel bottom could open up the possibility of a further decline down to the 119.80 level. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 120.70 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/12032015USDCHFH1.png The intraday technical outlook What goes up must come down and this is the case with the Swissy. USDCHF has this morning experienced at first site collapse from its lofty heights of 1.0125. However there are two monthly support levels at the 0.9970 and 0.9920 to be overcome if the downward momentum is to continue. Furthermore with the trend being so bullish buying into weakness such as this mornings dip lower could possibly offer profitable opportunities. Alternatively the move down has been fairly dramatic therefore a continuation of this downward momentum could potentially take USDCHF to the area of the current price actions channel bottom. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9840 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/12032015AUDUSDH1.png The intraday technical outlook Better than expected Australian employment numbers have give AUDUSD a strong boost during the early morning trade. The move higher is now approaching the area of the 0.7700 resistance level and channel top. Furthermore with the trend being so bearish selling into weakness such as this mornings move higher could possibly offer profitable opportunities. However with the up move being fairly dramatic there is a possibility that the penetration of the channel top could act as a catalyst for a continuation of the move higher. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7740 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/12032015GOLDH11.png The intraday technical outlook Gold continues to staircase lower. The move lower has taken the price action into the area of Novembers lows. With the trend being so bearish selling into weakness such as this mornings move higher could possibly offer profitable opportunities. However a test of the 1170.40 swing point could open up the possibility for a move towards the 1175.00 and the current price action channel top. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1175.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/12032015CLJ5H1.png The intraday technical outlook Oil yesterday penetrated the recent 47.80 lower. This has had the effect of expanding the down trending price channel. However this morning the price action has penetrated above its minor channel top. I am now monitoring the price action for a possible test of the 49.00 level. With the trend being so bearish selling into weakness such as this mornings move higher could possibly offer profitable opportunities. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 49.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 16, 2015 Author Report Share Posted March 16, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 16.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/16032015EURUSDH1.png The intraday technical outlook With EURUSD now trading under the significant 1.0500 to 1.0600 levels it looks increasing likely that an attempt to push EURUSD to parity will be made. However there are many hurdles first need to be overcome in the form of three prior weekly support levels at the 1.0340, 1.0210, 1.0090 areas. We may see a correction higher however thus far corrective rallies have been used as opportunities to short EURUSD and this would logically seem the most appropriate strategy to continue to pursue. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0685 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/16032015GBPUSDH1.png The intraday technical outlook GBPUSD this morning has experienced a mini rally . However with the price action being so bearish a resumption of the down trend should not be discounted. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5000 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/16032015USDJPYH1.png The intraday technical outlook This morning USDJPY has traded back down to its channel bottom. With the macro trend being so bullish this area could potential offer an ideal location to add longs. However with the price action having also penetrated the channel bottom a move beneath the recent low in the 121.00 area could signal the beginning of a much stronger corrective pull back. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.65 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/16032015USDCHFH1.png The intraday technical outlook USDCHF has experienced a strong bounce off the 0.9970 support area. However the resulting up move was not able to penetrate the 1.0125 prior high. With the price action now painting a double top there is a possibility that the up trend in USDCHF is done for now. However we first need to see a penetration of the channel bottom and the 0.9970 support area to confirm this scenario. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9970 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/16032015AUDUSDH1.png The intraday technical outlook AUDUSD has this morning broken above its down channel top. Although technically this does not indicate a change of trend the break above the channel does signal the potential for further upside momentum. However confirmation is now required that this up move will continue and this will happen if we see a sustained breached of the high at the 0.7740 level. In the mean time with the trend continuing to be down the strategy of selling into strength could possibly offer profitable opportunities. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7740 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/16032015GOLDH1.png The intraday technical outlook With Gold trading close to Novembers low which can be found at the 1133.70 level the price action over the past few days has been unable to breach the 1147.50 being the most recent low. With a potential minor double bottom forming I am monitoring the price action for a potential move back up to the 1166.35 resistance level. A breach of this level opens up the possibility of a continuation of the up move to the channel top at the 1175.00 level. However with the trend being so bearish selling into strength such as this mornings move higher could possibly offer profitable opportunities. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1166.35 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/16032015CLJ5H1.png The intraday technical outlook News that storage capacity is now running low has added to the downward pressure Oil is experiencing. Oil on Friday broke through the 46.75 level. The breach of this level opens up the possibility for a test of the most recent low at 43.55 area. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 48.50 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 17, 2015 Author Report Share Posted March 17, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 17.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/17032015EURUSDH1.png The intraday technical outlook With the markets awaiting news of tomorrows FOMC statement EURUSD has been trading higher due to speculation that the Federal Reserve will not drop the word “patient” as a policy making tool. The price action is currently trading up to the its downward channel top. With the market being so bearish thus far corrective rallies have been used as opportunities to short EURUSD and this would logically seem the most appropriate strategy to continue to pursue. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0685 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/17032015GBPUSDH1.png The intraday technical outlook The UK budget is to be released tomorrow and Cable seems to be rising. With this budget being the last before the next general election the possibility of give away’s being handed to the electorate and business could potential drive the Pound higher. This morning GBPUSD has broken above its downward channel. This is an early indication that positive bias could be returning to the Pound. However we I would like first to to see a weak pullback that fails to test the prior low of 1.4700 to happen before taking a further look at the long side of the trade. That GBPUSD is trading in a very strong down trend the strategy that has worked thus far has been to sell into strength and this could possibly remain a profitable opportunity. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5000 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/17032015USDJPYH1.png The intraday technical outlook As posted yesterday USDJPY has traded back down to its channel bottom. With the macro trend being so bullish this area could potential offer an ideal location to add longs. However with the price action having also penetrated the channel bottom a move beneath the recent low in the 121.00 area could signal the beginning of a much stronger corrective pull back. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.65 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/17032015USDCHFH1.png The intraday technical outlook As posted yesterday USDCHF has experienced a strong bounce off the 0.9970 support area. However the resulting up move was not able to penetrate the 1.0125 prior high. With the price action now painting a double top there is a possibility that the up trend in USDCHF is done for now. However we first need to see a penetration of the channel bottom and the 0.9970 support area to confirm this scenario. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9970 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/17032015AUDUSDH1.png The intraday technical outlook AUDUSD continues to trade above the top of its down channel. Although technically this does not indicate a change of trend the break above the channel does signal the potential for further upside momentum. However confirmation is now required that this up move will continue and this will happen if we see a sustained breached of the high at the 0.7740 level. In the mean time with the trend continuing to be down the strategy of selling into strength could possibly offer profitable opportunities. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7610 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/17032015GOLDH1.png The intraday technical outlook As posted yesterday Gold istrading close to Novembers low which can be found at the 1133.70 level the price action over the past few days has been unable to breach the 1147.50 being the most recent low. With a potential minor double bottom forming I am monitoring the price action for a potential move back up to the 1166.35 resistance level. A breach of this level opens up the possibility of a continuation of the up move to the channel top at the 1175.00 level. However with the trend being so bearish selling into strength such as this mornings move higher could possibly offer profitable opportunities. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1166.35 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/1703215CLJ5H1.png The intraday technical outlook Yesterday’s move lower for Oil tested the US$43.57 level being the prior low of January 29. This morning the price action is currently trading under this level at US$43.50. With the price action being so bearish a continuation of the downward momentum is a possibility. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 44.75 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 18, 2015 Author Report Share Posted March 18, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 18.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/18032015EURUSDH1.png The intraday technical outlook It is Federal Reserve Statement day and the markets are expecting that the word patient is to be dropped. However there is a growing concern over the strength of the US Dollar and this could limit the room of maneuver for the Fed Boss Jane Yellen to act. In terms of price action EURUSD has painted a higher low and higher high swing which resulted in an initial test of the channel top. That the price action is struggling to sustain an meaningful move beneath the 1.0600 level which lines up with multiple year support should give the bulls lots of encouragement. Alternatively with the market being so bearish thus far corrective rallies have been used as opportunities to short EURUSD and this would logically seem the most appropriate strategy to continue to pursue. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0500 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/18032015GBPUSDH1.png The intraday technical outlook GBPUSD has been trading above the 1.4700 level as traders await the UK’s annual budget. The price action continues to hug the top of the down channel and it appears that there is an attempt to print a higher low formation. A break out of the down channel could signal higher prices and an attempt to test the 1.4810 level. Alternatively with the trend being so bearish selling into strength being could offer potential opportunities. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.4810 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/18032015USDJPYH1.png The intraday technical outlook As posted previously with USDJPY having broken above its recently formed down there is a strong possibility that we we a resumption of the prior up trend. Confirmation that such a move is under way would require a break above the 121.50 level. Alternatively a move back into the down channel followed by a breach of the last isolated low at 121.08 level could signal a continuation of lower prices. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.65 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/18032015USDCHFH1.png The intraday technical outlook As posted yesterday USDCHF has this morning broken down from a converging triangle formation. The move lower has traded under the 1.0020 has technically changed the trend to down. However with the prior up trend being so bullish I am monitoring the price action as it now tests the channel bottom as this area could offer significant support. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9970 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/18032015AUDUSDH1.png The intraday technical outlook Although AUDUSD has broken above its down channel we have yet to see any follow through. The price action has now consolidated within a a tight triangle formation. I will be today monitoring the price action for tests of the triangle pattern as this could indicate the direction of the next move. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7610 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/18032015GOLDH1.png The intraday technical outlook Gold has broken its converging triangle formation to the down side. With the trend being so bearish I am monitoring the price action for a possible continuation of the downward momentum. However as posted previously Gold is trading close to November’s low which can be found at the 1133.70 level and this could offer considerable support. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1166.35 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/18032015CLJ5H1.png The intraday technical outlook OILUSD is finding it increasingly difficult to trade higher with every corrective rally slammed down hard by the bears. With the price action being so bearish a continuation of the downward momentum is a possibility. This afternoons Crude Oil Inventory report could add further downward pressure on the price of Oil. Oil is now entering territory not seen since the last financial crisis with support levels at the US$40.85 level and there are still no bulls in sight to stem this tide. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 44.75 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 19, 2015 Author Report Share Posted March 19, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 19.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/19032015EURUSDH1.png The intraday technical outlook There has been over the past few trading sessions a rotation back into the Euro and this could have been seen by the higher low and higher high formation and the subsequent break in the channel top. However yesterday’s Fed statement had a huge impact on the Forex markets as the modification of strategy meant that interest policy continues to remains dovish had the affect of sending EURUSD higher. The strength and scale of the move higher sent EURUSD breaking through the long dated channel top. However the price action was unable to sustain the move higher and has during this morning’s trading has retraced significantly. This mornings pull back was needed and to be expected. However there has been a broad market shift into the Euro with positive flows coming from AUD, CAD, GBP, JPY, NZD, SGD, TRY and Gold. This leads me to believe that the move higher has legs to go further. Especially as the strong multiple year support that was highlighted in prior articles at the 1.0570/1.0600 level has held. There is of course always an alternative view that yesterday’s price action was just a very oversold market letting off some steam and that selling into rallies should continue to be the strategy of choice. We will have the answer to this question if EURUSD can breech the 1.0550 level. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0550 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/19032015GBPUSDH11.png The intraday technical outlook Much like the Euro, Cable yesterday experienced a stellar rally that sent it on a massive move higher. With the price action having broken above the prior isolated swing high the 1 hour trend is firmly bullish. There has been a a correct pullback this morning and this was to be expected. However as long as GBPUSD can stay above the 1.4635 level the 1 hour trend remains positive. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4635 level USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/19032015USDJPYH1.png The intraday technical outlook The Fed statement sent USDJPY lower in what can be describes as a V bottom formation. The price action however has during the morning pulled back and is rapidly approaching the channel top. This is an areas where the Bears will test the resolve of the Bulls to push USDJPY higher. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.65 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/19032015USDCHFH1.png The intraday technical outlook What I wrote for USDJPY equally applies to USDCHF. The Fed statement sent USDCHF lower in what can be describes as a V bottom formation. The price action however has during the morning pulled back and is rapidly approaching the channel top. This is an areas where the Bears will test the resolve of the Bulls to push USDCHF higher. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 1.0125 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/19032015AUDUSDH1.png The intraday technical outlook The AUDUSD this morning naturally looks like a mirror image of what has happen to USDCHF and USDJPY The Fed statement sent AUDUSD higher from its triangle consolidation pattern. The price action however has during the morning pulled back and is rapidly approaching the channel bottom. This is an areas where the Bulls will test the resolve of the Bears to push AUDUSD lower. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7610 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/19032015GOLDH12.png The intraday technical outlook The news that the Federal Reserve was not raising interest rates any time soon pushed Gold higher. The price action penetrated the upper level of its down channel. The subsequent pull back has been limited with Gold experiencing a minor correction. I will therefore this morning monitoring the price action for a continuation of the uptrend and a possible penetration of this mornings high at the 1175.00 level. Alternatively if Gold cannot hold above the 1166.35 level there is a possibility that we see a pullback down to the 1157.00 congestion area. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1147.50 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/19032015CLJ5H11.png The intraday technical outlook Of all the pairs that I follow Oil had the least impressive rally. Yes the price action did spike above a prior isolated high and yes the price action penetrated the small down channel but move higher was not as impressive as what we saw in the Euro, Pound, Gold and Aussie. To really be convinced that this move higher has some gas in the tank I would like first to see a successful retest of the yesterday’s high at the US$45.30 level. A continuation of the move lower and a breach of the 42.00 level would firmly wipe out any hopes of a rally in Oil. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 42.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 20, 2015 Author Report Share Posted March 20, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 20.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/20032015EURUSDH1.png The intraday technical outlook With the FOMC meeting over after it delivered a great deal of market volatility the markets today are now focused on day 2 of the European Union summit. The FOMC meeting and its after affects has changed the 1 hour trend to up. There is strong support in the 1.0560/1.0600 area due to a multiple year trend line. Confirmation that the new up trend is intact will require a successful retest of the large down channel. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0550 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/20032015GBPUSDH11.png The intraday technical outlook With the price action having broken its recent down channel I am this morning monitoring the price action for a continuation of Wednesday evenings up move. Alternatively a breach of the 1.4635 would wipe out all the gains made and change the 1 hour trend back to down. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4635 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/20032015USDJPYH1.png The intraday technical outlook USDJPY has traded back up to the top of the down channel. This is an area where USDJPY could potentially find resistance and be a catalyst for a resumption of the recent down trend. Alternatively a breach of yesterday’s high in the 121.00 area could technically change the trend from down to up. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/20032015USDCHFH1.png The intraday technical outlook USDCHF has tested and is this morning trading above the top of its down channel. For the trend to change back to up we require a sustained move above the 0.9970 level. Alternatively with USDCHF hugging its channel top there is a possibility that the prices action resumes is downward direction. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9970 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/20032015AUDUSDH1.png The intraday technical outlook AUDUSD experienced a strong bounce off its 0.7610 support level. For a continuation of the move to be maintained the price action needs to trade back into its up channel. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7610 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/20032015GOLDH1.png The intraday technical outlook Gold continues to trade above the down channel top. A breach of yesterday’s high is required for confirmation that the up trend is intact. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1159.50 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/20032015CLJ5H1.png The intraday technical outlook Oil managed to stay above the top of its down channel and has painted a higher low. We now require a move above Wednesdays high of US$45.30 to confirm the up trend. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 42.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 24, 2015 Author Report Share Posted March 24, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 24.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/24032015EURUSDH1.png The intraday technical outlook Has Merkel and Tsipras found enough common ground allow them to bury their differences? We should find out over the coming days. However EURUSD has been acting very positively over the past few days. Is this due to the FOMC’s Janet Yellen putting interest rate hikes on hold or is it due to the end game being in sight for the current Greek crisis.? Probably a bit of both. However as long as the Euro keeps trading higher why fight the momentum? EURUSD is now trading in a staircase pattern as the price action paints higher lows and higher highs. That the price action is above it price channels is also very bullish. I still want to see a breach of the 1.1035 level as upside bias confirmation. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0760 level GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/24032015GBPUSDH1.png The intraday technical outlook Not all that much has happened overnight. GBPUSD having broken above its down channel experienced a strong pullback. However support was found at the 1.4700 level and this was a catalyst for a strong bounce. A move above the 1.5165 level being Wednesday’s high would confirm that the up trend is intact. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4700 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/24032015USDJPYH1.png The intraday technical outlook With USDJPY now experiencing a strong downward correction trying to find the next major support level becomes a priority. There are minor support levels at the 119.40, 119.10 and 118.70 however there is a weekly swing level at the 118.25 level. This level could act as a target for the sellers to trade into. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.15 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/24032015USDCHFH1.png The intraday technical outlook Having retested the 0.9970 area USDCHF once again reverted its downward momentum. A move that breaches the 0.9610 level would confirm that the down trend is in good health. However this level coincides with a prior monthly swing level and an area that could offer considerable support to USDCHF. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9810 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/24032015AUDUSDH1.png The intraday technical outlook All I would like to say is that I feel a great deal of satisfaction when the technical tools I use consistently worked. This is the case when AUDUSD yesterday bounced off the area of its channel bottom. Take a look at yesterday’s Aussie analysis. http://academy.acfx.com/market-briefing-london-open-23-03-2015/ With the price action trading higher the next major target is the 0.8000 level which coincides with a prior monthly swing point. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7760 level GOLD http://academy.acfx.com/wp-content/uploads/2015/03/24032015GOLDH1.png The intraday technical outlook With the breach the 1182.20 level Gold is now knocking on the door of another prior weekly swing level at the 1191.65. The move higher has been near vertical which leads me to believe that we might see some down to sideways corrective price action. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.20 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/24032015CLK5H1.png The intraday technical outlook Oil has traded within a large consolidation pattern following the news from the FOMC. With the longer term trends being so bearish I am monitoring the price action for a potential breakdown from this pattern. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 45.30 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 25, 2015 Author Report Share Posted March 25, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 25.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/25032015EURUSDH1.png The intraday technical outlook EURUSD yesterday attempted to test the 1.1035 level but failed to break above this price Although the price has painted a series of higher lows and higher highs there is a necessity to trade above the 1.1035 level for the up trend to be maintained. That the price action is above it price channels is also very bullish. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0760 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/25032015GBPUSDH11.png The intraday technical outlook With UK inflation data once again dropping off the prospects of an interest rise becomes less and less likely. The up move following last weeks break out has stalled somewhat with the price action consolidating within a tight range. A breach of the 1.5000 level will confirm the upside bias whereas a break down under the 1.4810 level would put the downside bias back into focus. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4810 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/25032015USDJPYH1.png The intraday technical outlook Yesterday USDJPY did continue to trade lower but experienced a good bounce off the 119.40 area. With a possibility of a minor double bottom forming there is the potential for a move back up to the 120.15 resistance level which coincides with the top of the down channel. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.15 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/25032015USDCHFH1.png The intraday technical outlook Yesterday USDCHF did breach the 0.9610 monthly support level. I am this morning monitoring a pull back towards this level for signs a weakness coming back into the trade. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9810 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/25032015AUDUSDH1.png The intraday technical outlook Over the past three business days AUDUSD has painted a minor topping head an shoulders pattern. This pattern could be the sign that AUDUSD could experience a substantial downward correction. Alternatively an inability for the price action to move lower could open up the door to a retest of the 0.7910 level being this weeks high. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7760 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/25032015GOLDH1.png The intraday technical outlook As posted yesterday the breach the 1182.20 level Gold is now knocking on the door of another prior weekly swing level at the 1191.65. The move higher has been near vertical which leads me to believe that we might see some down to sideways corrective price action. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.20 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/25032015CLK5H1.png The intraday technical outlook Oil yesterday attempted to break up from its consolidation pattern. However the price action could not sustain higher prices. This morning Oil has penetrated the lows of its very narrow down channel. I am this morning monitoring the price action for a test of support at the 46.75. However the penetration of the channel bottom could turn out to be a fake break down that acts as a catalyst to push Oil higher. With the weekly crude report out this afternoon we may see an increase in volatility during the day. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 46.75 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 26, 2015 Author Report Share Posted March 26, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 26.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/26032015EURUSDH1.png The intraday technical outlook This morning EURUSD is attempting to trade above last weeks high as the price action tests the 1.1000 / 1.1050 level. A move above these levels would confirm the health of the up trend and establish a broad upward trend channel. Alternatively a breach of the 1.0900 level would take the price action under the prior isolated low and change the trend from up to down. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0900 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/26032015GBPUSDH1.png The intraday technical outlook GBPUSD having broken above its down channel continues to trade within a tight consolidation range. I am this morning monitoring the price action with key range / break out levels being 1.4800 / 1.5000. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/26032015USDJPYH1.png The intraday technical outlook This morning we have witness a dramatic drop off in the price of USDJPY as the price rapidly approaches the 118.50 /118.00 levels. With the trend being so bearish shorting corrective rallies could off possible profitable opportunities. Alternatively a sustained corrective rally could see USDJPY test the 119.25 level which corresponds to the area of the Channel top. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.00 level. UDSCHF http://academy.acfx.com/wp-content/uploads/2015/03/26032015USDCHFH1.png The intraday technical outlook The USDCHF is taking USDJPY’s lead and trading lower. The price action is this morning attempting to test the 0.9550 level which comes in at the area of a prior isolated daily swing low. A continuation of the move lower takes USDCHF into the area of the 0.9500 big figure. A failure to sustain lower prices could see USDCHF trade back up to the 0.9600 level which corresponds to a prior monthly swing level. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9800 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/26032015AUDUSDH11.png The intraday technical outlook This morning AUDUSD did breach the isolated low of 0.7850 level. This move technical changed the trend from up to down. However the secondary price filter being the channel bottom and the prior monthly swing level of 0.7800 gave support to AUDUSD and has acted as a catalyst for a strong bounce higher. A breach of the 0.7900 would signify that this down move was a fake break down. Alternatively a failure to breach the 0.7900 could create downward pressure and force a retest of the 0.7800 level. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7900 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/26032015GOLDH1.png The intraday technical outlook This mornings move higher has propelled Gold towards the 1221.00 prior weekly swing level. The move higher has also helped establish a more sustainable albeit still steep up channel. Following 3 hours of solidly higher prices I am this morning monitoring the price action for the possibility of sideways to down corrective price action. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1187.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/26032015CLK5H1.png The intraday technical outlook Oil has traded higher off the back of geo-political and strategic tensions presently affecting the Arabian Peninsula. The move higher has created a steep up channel. Following such a strong up move I am this morning monitoring the price action for the possibility of sideways to down corrective price action. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 47.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 27, 2015 Author Report Share Posted March 27, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 27.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/27032015EURUSDH1.png The intraday technical outlook During the afternoon trade EURUSD broke down from upward channel and breached the 1.0900 support level. There was a brief consolidation during the overnight session however the sell off in EURUSD has now resumed as traders arrive at their desks in London and other major European centers. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1050 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/27032015GBPUSDH1.png The intraday technical outlook This morning GBPUSD has opened negatively with the price action testing the 1.4800 prior monthly swing level. I am this morning monitoring the price action with key range / break out levels being 1.4800 / 1.5000. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/27032015USDJPYH1.png The intraday technical outlook Following yesterday’s bounce off the 118.50 areas USDJPY has traded higher as it tests the 119.25 resistance level. A breach of this level could see USDJPY trade up to the top of its down channel. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/27032015USDCHFH1.png The intraday technical outlook The move above the 0.9600 level has technical changed the trend from down to up. This has been followed by a breach above move above the current down channel. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9500 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/27032015AUDUSDH1.png The intraday technical outlook With yesterday morning’s breach the isolated low of 0.7850 level has changed the 1 hour trend for AUDUSD from up to down. This has been followed by further breaches of the 0.7800 support level and the channel bottom. The move lower has come off a bounce from the top of a long dated down channel. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7900 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/27032015GOLDH11.png The intraday technical outlook This morning Gold has broken the bottom of its up channel and is trading under the 1201.00 support level. The breach of this level has technically changed the trend from up to down. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1221.00 level OIL http://academy.acfx.com/wp-content/uploads/2015/03/27032015CLK5H1.png The intraday technical outlook As posted yesterday Oil has traded higher off the back of geo-political and strategic tensions presently affecting the Arabian Peninsula. The move higher has created a steep up channel. Following such a strong up move Oil has back down towards it channel bottom, I am this morning monitoring the price action for the possibility of a bounce from this area. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 47.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 30, 2015 Author Report Share Posted March 30, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 30.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/30032015EURUSDH1.png The intraday technical outlook EURUSD broke down from upward channel and proceeded to trade to the 1.0800 level. A successful retest of the 1.0800 level would confirm the current down trend. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1050 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/30032015GBPUSDH1.png The intraday technical outlook This morning GBPUSD has opened negatively with the price action testing the 1.4800 prior monthly swing level. I am this morning monitoring the price action with key range / break out levels being 1.4800 / 1.5000. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/30032015USDJPYH1.png The intraday technical outlook USDJPY has experienced a good rally since Thursday. This morning USDJPY has continued with the positive theme by trading above the top of its down channel. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/30032015USDCHFH1.png The intraday technical outlook USDCHF has experienced a good rally since Thursday. This morning USDCHF has continued with the positive theme by trading above the top of its down channel. The move above the 0.9600 level has technical changed the trend from down to up. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9500 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/30032015AUDUSDH1.png The intraday technical outlook The breach the isolated low of 0.7850 level has changed the 1 hour trend for AUDUSD from up to down. This has been followed by further breaches of the 0.7800 support level and the channel bottom. The move lower has come off a bounce from the top of a long dated down channel. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7900 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/30032015GOLDH1.png The intraday technical outlook Gold has broken the bottom of its up channel and is trading under the 1201.00 support level. The breach of this level has technically changed the trend from up to down. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1206.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/30032015CLK5H1.png The intraday technical outlook Oil on Friday was not able to bounce off the bottom of its up channel. What followed on Thursday was a strong correction that has pushed Oil in the direction of the 47.00 support area. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 47.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 31, 2015 Author Report Share Posted March 31, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 31.03.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/03/31032015EURUSDH1.png The intraday technical outlook As posted yesterday EURUSD broke down from upward channel and proceeded to trade to the 1.0800 level. A successful retest of the 1.0800 level has confirmed the current down trend. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0950 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/03/31032015GBPUSDH1.png The intraday technical outlook This morning GBPUSD has opened negatively with the price action trading under the 1.4800 prior monthly swing level. A breach of the 1.4750 level being yesterdays low could possibly add further downside pressure to the trade. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.4925 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/03/31032015USDJPYH1.png The intraday technical outlook USDJPY continued to trade higher following the upside penetration of its down channel. The move higher led to a successful test of Friday’s intraday swing high of 119.48. The breach of this most recent isolated high has technically changed the trend from down to up. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/03/31032015USDCHFH1.png The intraday technical outlook USDCHF continued to trade higher following the upside penetration of its down channel. The move higher led to a successful test of Friday’s intraday swing high of 0.9691. The breach of this most recent isolated high has technically changed the trend from down to up. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9550 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/03/31032015AUDUSDH1.png The intraday technical outlook As posted yesterday the breach the isolated low of 0.7850 level has changed the 1 hour trend for AUDUSD from up to down. This has been followed by further breaches of the 0.7800 support level and the channel bottom. The move lower has come off a bounce from the top of a long dated down channel. I am this morning monitoring the price action as it approaches the 0.7600 support area. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7900 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/03/31032015GOLDH1.png The intraday technical outlook As posted yesterday Gold has broken the bottom of its up channel and is trading under the 1201.00 support level. The breach of this level has technically changed the trend from up to down. I am this morning monitoring the price action as it approaches the 1175.00 / 1166.00 support area. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1209.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/03/31032015CLK5H1.png The intraday technical outlook With talks continuing into today between Iran and the six nation contact group, the possibility of agreement being reached over this country’s nuclear programme could be a green light to the lifting of economic sanctions. With Iran oil exports currently being hit by sanctions the very idea that such a large petroleum producer adding supply to the market could act as a catalyst for lower prices. I expect today’s trading to be erratic and volatile. As posted yesterday, Oil on Friday was not able to bounce off the bottom of its up channel. What followed on Thursday was a strong correction that has pushed Oil in the direction of the 47.00 support area. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 47.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 2, 2015 Author Report Share Posted April 2, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 02.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/02042015EURUSDH1.png The intraday technical outlook This morning’s price action has seen EURUSD breach the 1.0800 resistance level. As this level coincides with the last prior isolated high technically this changes the trend from down to up. However it is still relatively early in the up move and I would need to see the price action remain above the 1.0700 level to be convinced that we will continue to see higher prices. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0700 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/02042015GBPUSDH1.png The intraday technical outlook GBPUSD continues to trade within a fairly narrow range. With political events now coming to the fore in the UK we may see this kind of price action continue up to the May 7 general election. Traders will also be looking out for trends in the opinion polls and for traditional Political faux pas that we have become accustomed to during the election period. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.4885 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/02042015USDJPYH1.png The intraday technical outlook USDJPY failed to breach the prior 120.00 resistance level and subsequently fell back to the 119.50 support area. If USDJPY can hold above the 119.50 level we may probably see a retest of the 120.25 area. Alternatively a breach of the 119.50 area could act as a catalyst for USDJPY to move down to the 119.00 level. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.50 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/02042015USDCHFH1.png The intraday technical outlook Yesterday’s penetration of the 0.9680 level coincided with a breach of the breach of the prior isolated low. This has technical changed the trend from up to down. A successful test of the 0.9600 level act as down trend confirmation. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9750 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/02042015AUDUSDH1.png The intraday technical outlook AUDUSD has continued to trade lower withe the breach of the 0.7600 level re-confirming the move. The next major downside target being 0.7550 level which coincides with the prior daily swing low. From a technical perspective the pair is trading in an intraday 1 hour down trend with the line of control at the 0.7650 level GOLD http://academy.acfx.com/wp-content/uploads/2015/04/02042015GOLDH1.png The intraday technical outlook Gold’s yesterday spiked higher. The move breached the 1192.00 area which coincides with the prior isolated weekly high. This move has resulted in the the trend changing from down to up. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1180.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/02042015CLK5H1.png The intraday technical outlook Oil yesterday spiked higher. The move breached the 48.50 area which coincides with the prior isolated 1 hour high. This move has resulted in the the trend changing from down to up. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 47.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 6, 2015 Author Report Share Posted April 6, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 06.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/06042015EURUSDH1.png The intraday technical outlook Fridays bad NFP number weakened the US Dollar. This has led to EURUSD approaching the prior recent high of 1.1050. The recent price action has seen EURUSD breach the 1.0800 resistance level. As this level coincides with the last prior isolated high technically this changes the trend from down to up. This morning I am monitoring the price action for a retest of the 1.1050 level. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0725 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/06042015GBPUSDH1.png The intraday technical outlook Friday’s NFP data sent GBPUSD higher. The resulting price action saw GBPUSD trade above the 1.4885 resistance level. This move has technically changed the trend from down to up. I am this morning monitoring the price action for a test of the 1.5000 resistance level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4750 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/06042015USDJPYH1.png The intraday technical outlook Following Friday’s US jobs number USDJPY broke down from its 119.50 support level. The move beneath this level has technically changed the trend from up to down. This morning I am monitoring the price action as it tests the 119.00 support level. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.25 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/06042015USDCHFH1.png The intraday technical outlook The penetration of the 0.9680 level coincided with a breach of the breach of the prior isolated low. This has technical changed the trend from up to down. Friday’s US Labor news has seen USDCHF retest the 0.9500. I am this morning monitoring the price action for a retest or bounce off the 0.9500 level. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9600 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/06042015AUDUSDH1.png The intraday technical outlook AUDUSD experience a strong rally on Friday. This came off the back of the bad US jobs number. A breach of 0.7650 level has changed the trend from down to up. I am this morning monitoring the price action for a retest or bounce lower off the 0.7650 level. From a technical perspective the pair is trading in an intraday 1 hour up trend with the line of control at the 0.7550 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/06042015GOLDH1.png The intraday technical outlook Gold has open higher with a gap as it tests the recent 1221.00 high. A breach of this level will confirm the strength of the up trend. I am this morning monitoring the price action for a bounce of or break above the 1221.00 level. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1195.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/06042015CLK5H1.png The intraday technical outlook As posted previously the breach of the 48.50 area which coincides with the prior isolated 1 hour high. This move has resulted in the the trend changing from down to up. This morning I am monitoring the price action for a retest of the 50.50 level From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 48.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 7, 2015 Author Report Share Posted April 7, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 07.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/07032015EURUSDH1.png The intraday technical outlook Overnight EURUSD moved lower on technical trading. However following Monday’s strong performance in US indices the outlook for today at least looks to remain “Risk On”. I am this morning monitoring the price action at the 1.0900 and 1.0950 levels. A break above or beneath these levels could potentially signal the direction of prices. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0725 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/07042015GBPUSDH1.png The intraday technical outlook As posted yesterday the breach of the the 1.4885 resistance level. has technically changed the trend from down to up. I am this morning monitoring the price action for a test of the 1.5000 resistance level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/07042015USDJPYH1.png The intraday technical outlook Yesterday’s move above the 119.00 led to the price action trading above the prior swing high. Technically this has changed the trend from down to up. This morning I am monitoring the price action as it tests the 120.00 resistant level. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.75 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/07042015USDCHFH1.png The intraday technical outlook Yesterday’s move above the 0.9550 led to the price action trading above the prior swing high. Technically this has changed the trend from down to up. This morning I am monitoring the price action as it tests the 0.9600 resistant level. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9500 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/07042015AUDUSDH1.png The intraday technical outlook This mornings RBA rate decision caused AUDUSD to spike higher. The move above the 0.7650 led to the price action trading above the prior swing high. Technically this has changed the trend from down to up. This morning I am monitoring the price action as it tests the 0.7700 resistant level. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7575 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/07042015GOLDH1.png The intraday technical outlook Gold yesterday traded lower and has now partially field Mondays gap. I am this morning monitoring the price action for a retest of the the 1221.00 resistance level. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1195.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/07042015CLK5H1.png The intraday technical outlook Yesterday Oil traded higher and broke through the 50.50 level. As posted previously the breach of the 48.50 area which coincides with the prior isolated 1 hour high. This move has resulted in the the trend changing from down to up. This morning I am monitoring the price action for a retest of the 52.50 level From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 48.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 8, 2015 Author Report Share Posted April 8, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 08.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/08042015EURUSDH1.png The intraday technical outlook Yesterday EURUSD traded lower as value hunters looked to purchase the US Dollar ahead of the release of the FOMC minutes. However the move lower was stop at the 1.0800 area, This morning I am monitoring the price for a bounce back up to the 1.0900 level or retest of the 1.0800 level. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0725 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/08042015GBPUSDH1.png The intraday technical outlook Yesterday GBPUSD traded lower as it broke through the 1.4885 level. However the move lower was eventually held at the 1.4800 level which coincides with a prior monthly pivot. I am this morning monitoring the price action for a move back towards the 1.4885 level or a retest of the 1.4800 level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/08042015USDJPYH11.png The intraday technical outlook Yesterday USDJPY attempted to trade above the prior 120.25 high but was unable to sustain a move above this level. This morning USDJPY has traded lower it what has been a fairly aggressive move down. The initial move higher has resulted in the formation of a broad up trend channel. I am this morning morning monitoring the price action for a continuation of lower prices that takes USDJPY back down to the 119.50 support area that coincides with the channel bottom. Alternatively a drop off in downside momentum could see USDJPY retest the 120.00 resistance level. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.75 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/08042015USDCHFH1.png The intraday technical outlook Yesterday USDCHF continued to trade higher as the price action broke above its down channel. However the move was held at the 0.9700/0.9680 resistance level. I am this morning monitoring the price action for a retest of 0.9680 level as this corresponds to the most recent isolated high. Alternatively USDCHF could trade back to the 0.9600 support level. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9500 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/08042015AUDUSDH1.png The intraday technical outlook Yesterday AUDUSD retested but could not sustain a move above the 0.7700 level. This lead to AUDUSD trading back down into and testing the 0.7650 support level. This morning I am monitoring the price action for a a retest of the 0.7700 resistance level. Alternatively a failure to breach this level could see AUDUSD trade back down to the 0.7650 support level. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7575 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/08042015GOLDH1.png The intraday technical outlook Gold yesterday traded lower as it came of its recent highs. The price action has now approached the 1209.00 support level which corresponds to the channel bottom. I am this morning monitoring the price action for a bounce off this support area. Alternatively a breach of this support zone could see Gold trade back down the 1195.00 support level. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1195.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/08042015CLK5H11.png The intraday technical outlook Oil has experience a stellar rally with the price action yesterday painting a new recent high. I am this morning monitoring the price action for a retest of the 54.00 level being yesterdays high. Alternatively a breach of the 52.50 support level could see Oil trade back down to its channel bottom. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 51.00 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 9, 2015 Author Report Share Posted April 9, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 09.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/09042015EURUSDH1.png The intraday technical outlook Yesterday EURUSD initially traded higher however the price action was not able to sustain its gains and broke down prior to the release of the FOMC minutes. The move below the 1.0800 level has breached the prior isolated low. This move has technically changed the trend from up to down. I am this morning monitoring price for a possible test the 1.0750 support level. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0900 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/09042015GBPUSDH1.png The intraday technical outlook Yesterday GBPUSD attempted to test the high of the week at 1.4980 level but failed to break above it. With the UK heading into a general election the price action has become very choppy. This could be related to the political uncertainty. However the election is a little under a month away. For such volatility to enter the GBPUSD so early in the election period could indicate a continuation of this very choppy price action. I am this morning monitoring the price action for a move back towards the 1.5000 level or a retest of the 1.4800 level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4800 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/09042015USDJPYH1.png The intraday technical outlook During yesterday morning session USDJPY traded lower only reverse in the early afternoon. This morning USDJPY I am monitoring the price action for a retest of this weeks high at the 120.50 area. Alternatively a failure to sustain higher prices could see USDJPY trade back down to its channel bottom. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.50 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/09042015USDCHFH1.png The intraday technical outlook Yesterday USDCHF traded down to its 0.9600 support level. However this monthly swing level proved to be too powerful as the price action bounced higher. This morning USDCHF has made a new weekly high as it tests the 0.9680 level. A breach of the 0.9680/0.9700 level could see USDCHF trade up to the 0.9750 level. Alternatively USDCHF a failure to breach the 0.9680 level could see USDCHF move back toward the 0.9600 support level. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9600 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/09042015AUDUSDH1.png The intraday technical outlook AUDUSD continues to staircase higher as the price action experiences an upside correction. A breach of the weekly high at the 0.7730 level is required to confirm the up trend is intact. Alternatively a failure to breach the 0.7730 level could see AUDUSD test today’s low and the 0.7650 support level. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7650 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/09042015GOLDH1.png The intraday technical outlook Gold yesterday traded under the 1209.00 level and its channel bottom. The move beneath the 1209.00 level also breached the prior isolated low and has resulted in a change of trend from up to down. I am this morning monitoring the price action for a continuation of the move lower and a break beneath the 1192.00 support level. Alternatively a failure breach of this support zone could see Gold trade back up to the 1215.00 resistance level. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1215.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/09042015CLK5H1.png The intraday technical outlook Oil experienced a dramatic slide yesterday. The move beneath the 51.00 level which coincides with the prior swing low has technically changed the trend from up to down. However the price action is now bouncing higher off its channel bottom. I am this morning monitoring the price action for a bounce of the channel bottom. Alternatively a breach of the channel bottom and a break below the 50.50 level could see Oil trade substantially lower. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 54.00 level MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 10, 2015 Author Report Share Posted April 10, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 10.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/1004EURUSDH11.png The intraday technical outlook EURUSD spiked to the new monthly lows, as the U.S. Unemployment claims numbers came stronger than expected. The pair is has formed downtrend channel since this Monday and since then is following it precisely, touching new monthly lows of 1.0620 this morning. 1.0600 level is to be targeted shortly before the likely downtrend resumption. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0900 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/1004GBPUSDH1.png The intraday technical outlook GBPUSD this morning has slided even further on the background of the disappointing U.K. trade balance numbers and stronger than expected U.S. Unemployment Claims report yesterday. The pair has reached new lows of 1.4670 this morning, without any a hint for a reversal or retracement at the moment. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.4800 level USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/1004USDJPYH1.png The intraday technical outlook Last night the USDJPY has reached new highs of 120.72, on the backgorund of the further strenghtening U.S. currency The pair is likely to retest 120.70 resistance level shortly. Alternatively 120.35 point will be traded, with subsequent target of the bottom of the channel and support of 120.00. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.50 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/1004USDCHFH1.png The intraday technical outlook USDCHF continue the move higher, reaching new high of 0.9790 this morning. In case 0.9800 level will be breached successfully, the pair will be likely to target 0.9870 resistance next. Alternatively the support of 0.9750 might be again retested, before the pair returns to 0.9680 level. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9600 level AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/1004AUDUSDH1.png The intraday technical outlook AUDUSD has lost the momentum after strengthening for for a week. The pair is still trading within the upward channel, however the short term head and shoulders pattern might indicate that reversal is to follow. The closest support to be traded is of 0.7650. Alternatively, 0.7750 could be tested again. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7650 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/1004GOLDH1.png The intraday technical outlook After breaking the upward trend channel the Gold price is consolidating below 1200.00 region. If the breach of 1195.00 is unsuccessful, 1209.00 resistance level is the next likely point the Gold will be testing, before deciding on the move further. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1215.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/1004CLK5H11.png The intraday technical outlook Oil has broken the upward trend channel and continues to move lower towards 49.80 support this morning. The move is likely to head towards 49.00 support. Alternatively 52.00 resistance will be once more retested. From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 54.00 level MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 13, 2015 Author Report Share Posted April 13, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 13.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/13042015EURUSDH1.png The intraday technical outlook Friday EURUSD continued to trader lower. The move lower has taken EURUSD back down to a major multiple month trend line and monthly support level at the 1.0550 area. A breach of this area and the 1.0500 level opens up the possibility for move down to parity. Alternatively a bounce off support could see EURUSD trade back up to the 1.0900 level. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0900 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/13042014GBPUSDH1.png The intraday technical outlook With election uncertainty gripping the markets the Pound continues to drift lower. GBPUSD is this morning attempting to breach the 1.4600 support level. A breach of this level opens up clear are for a move down to the 1.4250 level. Alternatively a bounce off this level could see GBPUSD trade back up to the 1.4800 level. From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.4980 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/1304215USDJPYH1.png The intraday technical outlook Yesterday USDJPY experienced a mild pullback. However this morning buyer have come back into the market when USDJPY tested the 120.00 level. I am this morning monitoring a potential test of the 120.70 level. Alternatively a failure to sustain a move higher could see USDJPY test its channel bottom. From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 120.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/13042015USDCHFH1.png The intraday technical outlook USDCHF continues to trade higher with the price action taking out the recent top at the 0.9750 level. USDCHF did experience a minor pull back into the 0.9800 support area. However it would appear that the price action has stabilized and has once again resumed its upward momentum with a target being at least Fridays high at the 0.9835 /0.9850 area. Alternatively USDCHF fails to hold above this mornings low could see a move down to the 0.9750 level. From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9600 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/1304215AUDUSDH1.png The intraday technical outlook AUDUSD has collapsed this morning following the release of Chinese data. With the momentum being so bearish there is a possibility that the 0.7550 support level is breached. Alternatively a failure to breach this level could see AUDUSD trade back up to the 0.7700 resistance level. From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7750 level. GOLD http://academy.acfx.com/wp-content/uploads/2015/04/13042015GOLDH1.png The intraday technical outlook Gold did trade lower as it broke down from it up channel. However the price action found support at the 1192.00 level. This level acted as a catalyst for Gold to bounce higher. The resulting move led Gold to breach its isolated high of 1202.50 and change the trend back to up. I am this morning monitoring the price action for a retest of the 1209.00 level. Alternatively a failure breach of this resistance level see Gold trade back down to the 1192.00 support level. From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1192.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/1304215CLK5H1.png The intraday technical outlook Oil has experienced some choppy price action following last weeks corrective pullback. The 50.50 level has acted as good support. I am this morning monitoring the price action for a test of Thursdays high and a continuation to the 54.00 level. Alternatively a breach of the 50.50 support level could see Oil trade back down to 49.00 level. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 50.50 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 15, 2015 Author Report Share Posted April 15, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 15.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/15042015EURUSDH1.png The intraday technical outlook Disappointing US Retail Sales data sent EURUSD higher during yesterday’s afternoon trading. The move higher however found initial resistance at the 1.0700 level. This morning I am monitoring the price action for a retest of this level and a possible continuation of the move to the channel top which coincides with the 1.0750 level. Alternatively a breach of this mornings low in the 1.0600 area could see EURUSD trade down to major support in the 1.0550 area. From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0700 level. GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/15042015GBPUSDH1.png The intraday technical outlook GBPUSD continues to trade higher as it surged past the 1.4700. The move above his level coincides with the prior isolated high technically changes the trend from down to up. I am this morning monitoring the price action for a retest of the 1.4800 level Alternatively a breach of the 1.4750 support level could see GBPUSD trade down to the 1.4650 level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4600 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/15042015USDJPYH1.png The intraday technical outlook USDJPY traded lower in afternoon trading. The breach of the 120.00 level which coincides with the an isolated low has technically changed the trend from up to down. The move lower has also slashed through channel support. I am this morning monitoring the price action for a retest of the 119.50 level and a continuation of the move down to 119.00. Alternatively a failure to sustain a move under the 119.50 level could see USDJPY retest the 120.00 level. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.00 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/15042014USDCHFH1.png The intraday technical outlook USDCHF yesterday broke down from its up channel. The breach of the 0.9770 level which coincides with the an isolated low has technically changed the trend from up to down. I am this morning monitoring the price action for a retest of the 0.9700 level. Alternatively a move above the 0.9750 resistance level could see USDCHF trade back up to the 0.9800 level. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9800 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/15042015AUDUSDH1.png The intraday technical outlook AUDUSD has experienced a choppy couple of sessions but remains above the 0.7550 support level. The overnight data from China may add some downside pressure on AUDUSD. I am this morning monitoring the prices action for tests of 0.7650 and 0.7550. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7550 level GOLD http://academy.acfx.com/wp-content/uploads/2015/04/15042015GOLDH1.png The intraday technical outlook Gold yesterday broke under its 1192.00 support level. The breach of this level which coincides with the an isolated low has technically changed the trend from up to down. The price action has now formed a rather steep down channel. I am this morning monitoring the price action for a move away from the 1192.00 support level and a possible test of the 1182.00 level. Alternatively a bounce off the 1192 level could see Gold trade up to the 1209.00 level. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1209.00 level OIL http://academy.acfx.com/wp-content/uploads/2015/04/15042015CLK5H1.png The intraday technical outlook Oil continues to add to its impressive gains and this morning is trading above last weeks high of 54.00. I am this morning monitoring the price action for a continuation of the move higher. Alternatively a failure to sustain higher prices could see Oil trade back down to its channel bottom. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 51.50 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 16, 2015 Author Report Share Posted April 16, 2015 MORE ON ACFXblog.com MARKET BRIEFING – LONDON OPEN 16.04.2015 EURUSD http://academy.acfx.com/wp-content/uploads/2015/04/16042015EURUSDH1.png The intraday technical outlook EURUSD has continued its mini rally with the move above the 1.0700 level technically changing the 1 hour trend from down to up. However this morning EURUSD slammed into the 1.0700 resistance level which is formed by the upper level of the down channel and the prior intraday isolated high. This morning I am monitoring the price action for a retest of the 1.0070 resistance level. Alternatively a failure to breach this level could see EURUSD trade back down to the 1.0670 support level. From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0670 level GBPUSD http://academy.acfx.com/wp-content/uploads/2015/04/16042015GBPUSDH1.png The intraday technical outlook GBPUSD continues to trade higher as it briefly moved above the 1.4850. With GBPUSD continuing to trade in an up trend I am this morning monitoring the price action for a retest of the 1.4850 level Alternatively a breach of the 1.4800 level could see GBPUSD trade down to the 1.4700 level. From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.4700 level. USDJPY http://academy.acfx.com/wp-content/uploads/2015/04/16042015USDJPYH1.png The intraday technical outlook USDJPY experienced a strong sell off yesterday. However a small double bottom formed above the 118.75 support level and this acted as a catalyst to send USDJPY higher. I am this morning monitoring the price action for a retest of the 119.75 level and a continuation of the move down to 119.00. Alternatively a failure to sustain higher prices could see USDJPY restest 119.00 and 118.75 levels. From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 119.75 level. USDCHF http://academy.acfx.com/wp-content/uploads/2015/04/16042015USDCHFH1.png The intraday technical outlook USDCHF yesterday trade lower. However this morning support has been found at the 0.9600 level which coincides with a prior monthly swing point. I am this morning monitoring the price action for a retest of the 0.9700 level. Alternatively a failure to trade higher could see USDCHF retest the 0.9600 level. From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9750 level. AUDUSD http://academy.acfx.com/wp-content/uploads/2015/04/16042015AUDUSDH1.png The intraday technical outlook AUDUSD spiked higher in what was an impressive up move. However the price action found strong resistance as the top of its down channel. I am this morning monitoring the prices action for a retest of the 0.7750 level and the channel top. Alternatively a failure to sustain higher prices could see AUDUSD trade back down to the 0.7700 level. From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7550 level GOLD http://academy.acfx.com/wp-content/uploads/2015/04/16042015GOLDH1.png The intraday technical outlook Gold yesterday broke above it narrow down channel and traded back up to the the area of the 1209.00 resistance area. I am this morning monitoring the price action for a retest of the 1209.00 level. Alternatively a failure to trade above the 1209.00 level could see Gold trade back down to the 1192.00 level. From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1209.00 level. OIL http://academy.acfx.com/wp-content/uploads/2015/04/16042015CLK5H1.png The intraday technical outlook Yesterday’s news from the International Energy Agency that OPEC was producing 2.5m barrels more oil than is actually needed did nothing to dampen the recent rise in the value of this commodity. On the contrary the market seemed to take its queue from the Crude Oil Inventories report which showed a massive reduction in stockpiles from 10.9M to 1.3M. Oil is now trading above both the daily and weekly swing high of 54.90. This move has technical changed the the trend for both these time frames from down to up. Although this move is significant there is a need to study closely the strength of any subsequent pull back before any firmer assessment on the strength of this move can be reached. I am this morning monitoring the price action for a continuation of the move higher and a retest of the 56.50 level. Alternatively a failure to sustain higher prices could see Oil trade back down to its channel bottom in he are of 54.00. From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 51.50 level. MORE ON ACFXblog.com Quote Link to comment Share on other sites More sharing options...
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