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MARKET BRIEFING – LONDON OPEN 17.04.2015

 

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/17042015EURUSDH1.png

 

 

The intraday technical outlook

 

EURUSD has continued higher and yesterday slashed through the 1.0700 level.

 

However yesterday’s rally was held a the 1.0800 area.

 

This morning I am monitoring the price action for a retest of the 1.0800 resistance level.

 

Alternatively a failure to breach this level could see EURUSD trade back down to the 1.0700 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0625 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/17042015GBPUSDH11.png

 

The intraday technical outlook

 

GBPUSD continued its impressive rally yesterday.

 

The move higher has now paired the majority of last weeks decline.

 

With GBPUSD continuing to trade in an up trend I am this morning monitoring the price action for a retest of the 1.5000 level

 

Alternatively a failure to breach of the 1.5000 level could see GBPUSD trade down to 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 1.4810 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/17042015USDJPYH1.png

 

The intraday technical outlook

 

This morning USDJPY is finding support at the 118.80 area.

 

A move beneath this level is required as confirmation that the down trend is intact.

 

I am this morning monitoring the price action for a bounce off the 118.80 area and a move higher into the direction of the 119.50 area.

 

Alternatively a failure to sustain higher prices could see USDJPY restest 118.80 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 119.50 level.

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/17042015USDCHFH1.png

 

The intraday technical outlook

 

USDCHF yesterday continued to trade lower.

 

However this morning support has been found at the 0.9550 level.

 

I am this morning monitoring the price action for a retest of the 0.9600 level.

 

Alternatively a failure to trade higher could see USDCHF retest 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 0.9710 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/17042015AUDUSDH1.png

 

The intraday technical outlook

 

AUDUSD yesterday broke above its down channel top.

 

This move followed a triple bottom formation on the daily and double bottom formation on the weekly charts.

 

I am this morning monitoring the prices action for a retest of the 0.7820 level being yesterdays high.

 

Alternatively a failure to sustain higher prices could see AUDUSD trade back down to the 0.7750 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/2015/04/17042015GOLDH1.png

 

The intraday technical outlook

 

Gold over the past few days has traded in a rather sloppy fashion.

 

However the bigger picture does seem bullish with last weeks pin bar attempting to replicate itself with this weeks price action.

 

The extent of how bullish or bearish this week will end will only be known with the conclusion of today’s trading.

 

However there does seem to be a great deal of support forming on the daily chart around the 1180 area.

 

Will this be a base for the creation of a broad multiple period up trend? We first need to see Gold trade above the April high of 1224.00.

 

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/2015/04/17042015CLK5H1.png

 

 

The intraday technical outlook

 

As posted yesterday the 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 57.30 level being yesterday’s high.

 

Alternatively a failure to sustain higher prices could see Oil trade back down to the 55.00 support level..

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 55.05 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 21.04.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/21042015EURUSDH1.png

 

The intraday technical outlook

 

Yesterday EURUSD broke down from its up channel and traded under the 1.0730 swing level.

 

The move under this prior isolated low has technically changed the trend from up to down.

 

This morning I am monitoring the price action for a retest of the 1.0700 support level.

 

Alternatively a failure to breach this level could see EURUSD trade back up to the 1.0800 resistance level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0625 level.

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/21042015GBPUSDH1.png

 

 

The intraday technical outlook

 

Yesterday GBPUSD broke down from its up channel and traded under the 1.4915 swing level.

 

The move under this prior isolated low has technically changed the trend from up to down.

 

This morning I am monitoring the price action for a retest of the 1.4800 support level.

 

Alternatively a failure to breach this level could see GBPUSD trade back up to the 1.5000 resistance level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5050 level.

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/21042015USDJPYH1.png

 

The intraday technical outlook

 

Yesterday USDJPY broke up from its up channel and traded above the 119.25 swing level.

 

The move above this prior isolated high has technically changed the trend from down to up.

 

This morning I am monitoring the price action for a retest of the 119.50 resistance level.

 

Alternatively a failure to breach this level could see USDJPY trade back down to the 118.80 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.50 level.

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/21042015USDCHFH1.png

 

 

The intraday technical outlook

 

Yesterday USDCHF broke up from its up channel and traded above the 0.9545 swing level.

 

The move above this prior isolated high has technically changed the trend from down to up.

 

This morning I am monitoring the price action for a retest of the 0.9600 resistance level.

 

Alternatively a failure to breach this level could see USDCHF trade back down to the 0.9500 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/2015/04/21042015AUDUSDH1.png

 

The intraday technical outlook

 

Yesterday AUDUSD broke down from its up channel and traded under the 0.7758 swing level.

 

The move under this prior isolated low has technically changed the trend from up to down.

 

This morning I am monitoring the price action for a retest of the 0.7660 support level.

 

Alternatively a failure to breach this level could see AUDUSD trade back up to the 0.7750 resistance level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7640 level.

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/21042015GOLDH1.png

 

The intraday technical outlook

 

As posted previously Gold over the past few days has traded in a rather sloppy fashion.

 

However the bigger picture does seem bullish with two consecutive weekly bullish pin bars being painted.

 

There does seem to be a great deal of support forming on the daily chart around the 1180 area.

 

Will this be a base for the creation of a broad multiple period up trend? We first need to see Gold trade above the April high of 1224.00.

 

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/2015/04/21042015CLK5H1.png

 

The intraday technical outlook

 

As posted previously from a purely technical perspective perspective Crude Oil in the shape of WTI and Brent seems to have turned a corner.

 

This can be seen by the higher low and higher high formations that have been painted on both daily and weekly time frames.

 

To fight against this short trend would be folly however the move up is not supported by any fundamental data.

 

I do have an upside target in the US$68.00 area which coincides with a multiple month down channel top.

 

With the price action currently trading in a fairly tight but obvious up channel buying pull backs to the channel bottom have been thus far profitable trades.

 

I am this morning monitoring the price action for a continuation of the move higher and a retest of the 57.30 level being last weeks high.

 

Alternatively a failure to sustain higher prices could see Oil trade back down to the 55.00 support level..

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 55.00 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 22.04.2015

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/22042015EURUSDH1.png

 

The intraday technical outlook

 

Having breached the 1.0730 swing level and the channel bottom EURUSD is trading in a 1 hour down trend.

 

Yesterday EURUSD traded lower only for the price action to reverse in morning trading.

 

This morning I am monitoring the price action for a retest of the 1.0700 support level and yesterdays low at 1.0650.

 

Alternatively a failure to breach these level could see EURUSD trade back up to the 1.0800 resistance level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.0850 level.

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/22042015GBPUSDH1.png

 

The intraday technical outlook

 

Having breached the 1.4915 swing level and the channel bottom GBPUSD is trading in a 1 hour down trend.

 

Yesterday GBPUSD traded lower only for the price action to reverse in morning trading.

 

This morning I am monitoring the price action for a retest of the 1.4900 support level.

 

Alternatively a failure to breach these level could see GBPUSD trade back up to the 1.5000 resistance level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5050 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/22042015USDJPYH1.png

 

 

The intraday technical outlook

 

Yesterday USDJPY continued its stellar rise following the break up from above its down channel the 119.25 swing level.

 

This morning I am monitoring the price action for a retest of the 119.75 resistance level.

 

Alternatively a failure to breach this level could see USDJPY trade back down to the 118.80 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.50 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/22042015USDCHFH11.png

 

 

The intraday technical outlook

 

Yesterday USDCHF experienced a strong reversal as it paired most of the gains it had made.

 

However the 0.9500 level has offered good support.

 

This morning I am monitoring the price action for a retest of the 0.9600 resistance level.

 

Alternatively a failure to breach this level could see USDCHF trade back down to the 0.9500 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/2015/04/22042015AUDUSDH1.png

 

The intraday technical outlook

 

Yesterday AUDUSD traded above the 0.7750 prior isolated high.

 

The move above this level has technically changed the trend from down to up.

 

This morning I am monitoring the price action for a retest of the 0.7840 resistance level.

 

Alternatively a failure to breach this level could see AUDUSD trade back down to the 0.7700 support level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7700 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/22042015GOLDH1.png

 

The intraday technical outlook

 

As posted previously Gold over the past few days has traded in a rather sloppy fashion.

 

However the bigger picture does seem bullish with two consecutive weekly bullish pin bars being painted.

 

There does seem to be a great deal of support forming on the daily chart around the 1180 area.

 

Will this be a base for the creation of a broad multiple period up trend? We first need to see Gold trade above the April high of 1224.00.

 

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/2015/04/22042015CLM5H11.png

 

 

The intraday technical outlook

 

Oil yesterday broke under its 56.65 support level.

 

This move has technically changed the 1 hour trend from up to down.

 

This morning Crude Oil is testing the low of its up channel.

 

I am this morning monitoring the price action for a bounce off its channel bottom.

 

Alternatively a failure to sustain higher prices could see Oil trade back down to the 55.00 support level..

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 58.75 level..

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 27.04.2015

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015EURUSDH1.png

 

The intraday technical outlook

 

Friday EURUSD traded higher however the price action became very erratic.

 

This morning I am monitoring the price action for a test of the 1.0900 resistance level.

 

Alternatively a failure to breach this level could see EURUSD trade back down to the 1.0800 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0800 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015GBPUSDH1.png

 

The intraday technical outlook

 

GBPUSD spiked higher on Friday as it continued to trade above it large down channel.

 

The move higher over the past two weeks has put GBPUSD within touching distance of the 1.5350 area.

 

This area coincides with a prior broken multiple year converging triangle formation.

 

I am this morning I am monitoring the price action for a test of the 1.5250 resistance level.

 

Alternatively a failure to trade higher could see GBPUSD trade back down to the 1.5100 support level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015USDJPYH1.png

 

The intraday technical outlook

 

Friday’s move under the 119.30 level has technically changed the trend from up to down.

 

This morning I am monitoring the price action for a retest of the 118.80 support level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.30 resistance level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.10 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015USDCHFH1.png

 

The intraday technical outlook

 

Following Thursday’s collapse USDCHF consolidated above the 0.9500 support level.

 

This morning I am monitoring the price action for a retest of the 0.9500 support level.

 

Alternatively a failure to breach this level could see USDCHF trade back up to the 0.9600 resistance 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/2015/04/27042015AUDUSDH1.png

 

The intraday technical outlook

 

Friday AUDUSD tested the 0.7840 resistance level.

 

This morning I am monitoring the price action for a retest of the 0.7840 resistance level.

 

Alternatively a failure to breach this level could see AUDUSD trade back down to the 0.7805/7800 support level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7700 level

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015GOLDH1.png

 

The intraday technical outlook

 

Friday Gold retested and broke through the 1184.15 support level.

 

I am this morning monitoring the price action for a move in the direction of the large channel bottom in the 1162.00 area.

 

Alternatively a failure to trade lower could see Gold retest the 1184.15 level.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1198.05 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/04/27042015CLM5H1.png

 

The intraday technical outlook

 

Oil has traded in a 55.70 to 58.75 range for the past few days.

 

I am this morning monitoring the price action for a test of the 58.75 / 59.000 resistance level.

 

Alternatively a failure to sustain lower prices could see Oil test the 55.50 support level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 55.70 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 28.04.2015

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015EURUSDH1.png

 

The intraday technical outlook

 

Monday EURUSD traded higher following positive news from the Greek Government.

 

This morning I am monitoring the price action for a test of the 1.0900 resistance level.

 

Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.0800 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0820 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015GBPUSDH1.png

 

The intraday technical outlook

 

Monday GBPUSD continued to trade higher as the price action tested the 1.5250 level.

 

Today’s GDP number should add to the market volatility.

 

I am this morning I am monitoring the price action for a test of the 1.5250 resistance level.

 

Alternatively a failure to trade higher could see GBPUSD trade back down to the 1.5100 support level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5100 level

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015USDJPYH1.png

 

The intraday technical outlook

 

Monday USDJPY was range bound as it traded between the 118.80 and 119.40 levels.

 

This morning I am monitoring the price action for a retest of the 118.80 support level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.40 resistance level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 119.40 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015USDCHFH1.png

 

The intraday technical outlook

 

Monday USDCHF was range bound as it traded between the 0.9500 and 0.9600 levels.

 

This morning I am monitoring the price action for a retest of the 0.9500 support level.

 

Alternatively a failure to breach this level could see USDCHF trade back up to the 0.9600 resistance 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/2015/04/28042015AUDUSDH1.png

 

 

The intraday technical outlook

 

Monday AUDUSD traded higher and this positive price action has followed through into today’s trade.

 

This morning I am monitoring the price action for a test of the 0.7900 resistance level.

 

Alternatively a failure to breach this level could see AUDUSD trade back down to the 0.7800 support level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7800 level

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015GOLDH1.png

 

The intraday technical outlook

 

Gold yesterday afternoon was bid higher and the price action experienced a large spike.

 

This morning I am monitoring the price action for a test of the 1209.00 resistance level.

 

Alternatively a failure to trade higher could see Gold retest the 1198.05 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1175.35 level.

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/04/28042015CLM5H1.png

 

The intraday technical outlook

 

Oil continues to trade in a 55.50 to 58.75 range.

 

I am this morning monitoring the price action for a test of the 55.50 support level.

 

Alternatively a failure to sustain lower prices could see Oil test the 57.85 resistance level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 57.85 level

 

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 29.04.2015

 

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015EURUSDH1.png

 

The intraday technical outlook

 

Tuesday EURUSD continued to rally and has now traded up to a major down channel top.

 

The question is can EURUSD breach this and the 1.1000 level or will sellers come into the market and push the price action lower.

 

This morning I am monitoring the price action for a test of the channel top.

 

Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.0900 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0850 level

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015GBPUSDH1.png

 

The intraday technical outlook

 

Tuesday GBPUSD continued to rally as traders shrugged off disappointing GDP data.

 

GBPUSD has now traded up into prior broken support being a large multiple year converging triangle formation.

 

This broken support could offer strong resistance at the 1.5350 area.

 

I am this morning monitoring the price action for a test of the 1.5350 resistance level.

 

Alternatively a failure to trade higher could see GBPUSD trade back down to the 1.5150 support level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5100 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015USDJPYH1.png

 

The intraday technical outlook

 

As posted yesterday USDJPY continues to be range bound as it trades between the 118.80 and 119.40 levels.

 

This morning I am monitoring the price action for a retest of the 118.80 support level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.40 resistance level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 119.40 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015USDCHFH1.png

 

The intraday technical outlook

 

As posted yesterday USDCHF continues to be range bound as it trades between the 0.9500 and 0.9600 levels.

 

This morning I am monitoring the price action for a retest of the 0.9500 support level.

 

Alternatively a failure to breach this level could see USDCHF trade back up to the 0.9600 resistance 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/AUDUSDH1.png

 

The intraday technical outlook

 

Yesterday AUDUSD experienced a stellar rise.

 

However the move higher has run into resistance at the 0.8000 level.

 

This level coincides with a prior monthly support area.

 

This morning I am monitoring the price action for a retest of the 0.8000 resistance level.

 

Alternatively a failure to breach this level could see AUDUSD trade back down to the 0.7840 support level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7800 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015GOLDH1.png

 

The intraday technical outlook

 

Gold yesterday continued to trade higher but found some resistance at the 1214.85 level.

 

This morning I am monitoring the price action for a test of the 1214.85 resistance level and a continuation to the prior top at 1222.00.

 

Alternatively a failure to trade higher could see Gold retest the 1209.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1175.35 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/04/29042015CLM5H1.png

 

The intraday technical outlook

 

As posted previously Oil continues to trade in a 55.50 to 58.75 range.

 

I am this morning monitoring the price action for a test of the 55.50 support level.

 

Alternatively a failure to sustain lower prices could see Oil test the 57.85 resistance level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 57.85 level.

 

 

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 30.04.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015EURUSDH1.png

 

 

The intraday technical outlook

 

Wednesday EURUSD spiked higher as the price action broke above its large down channel.

 

The move higher would indicate that multiple year support in the 1.0500 area is valid and strong.

 

The move above the channel and the significant 1.1000 level now puts into play the long side of the trade.

 

This morning I am monitoring the price action for a test of the 1.1200 resistance level.

 

Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.1050 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0950 / 1.1000 level

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015GBPUSDH1.png

 

 

The intraday technical outlook

 

Wednesday GDPUSD traded higher as it broke through the 1.5350 resistance level.

 

The 1.5350 is a significant multiple year resistance level as it coincides with a prior broken converging triangle price structure.

 

This morning I am monitoring the price action for a test of the 1.5450 resistance level.

 

Alternatively a failure to trade higher could see GBPUSD trade back down to the 1.5350 support level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015USDJPYH1.png

 

 

The intraday technical outlook

 

Wednesday USDJPY traded lower as it broke the 118.80 support level.

 

However what followed was volatile trading as the price action moved between the 118.50 and 119.40 price levels.

 

This morning I am monitoring the price action for a retest of the 118.80 resistance level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 118.50 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 119.40 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015USDCHFH1.png

 

 

The intraday technical outlook

 

Wednesday USDCHF collapsed as it broke under the 0.9500 support level.

 

This morning I am monitoring the price action for a retest of the 0.9340 support level.

 

Alternatively a failure to breach this level could see USDCHF trade back up to the 0.9500 resistance 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/2015/04/30042015AUDUSDH1.png

 

The intraday technical outlook

 

Wednesday AUDUSD trade higher as the price action broke above the 0.8000 and 0.8050 resistance levels.

 

However during morning trading AUDUSD has corrected lower with the price action trading under the last isolated low of 0.7975.

 

The move beneath this swing level has technically changed the direction of the 1 hour trend from up to down.

 

This morning I am monitoring the price action for a continuation of the move lower and down to the area of channel support.

 

Alternatively a failure to trade lower could see AUDUSD trade back down to the 0.8000 resistance level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8075 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015GOLDH1.png

 

The intraday technical outlook

 

Wednesday Gold failed in its attempt to retest the 1214.85 resistance level.

 

Subsequently Gold corrected lower as it penetrated the prior isolated low of 1204.70.

 

The move beneath this swing level has technically changed the direction of the 1 hour trend from up to down.

 

This morning I am monitoring the price action for a test of the 1198.05 support level.

 

Alternatively a failure to trade lower could see Gold retest 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 1214.85 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/04/30042015CLM5H1.png

 

 

The intraday technical outlook

 

Wednesday Oil broke higher from its recent tight consolidation pattern.

 

The break higher is in line with the directional momentum that can be found on both the daily and weekly time frames.

 

I am this morning monitoring the price action for a test of yesterdays highs on the 59.00 area.

 

Alternatively a failure to sustain higher prices could see Oil test the 56.65 resistance level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 56.65 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 01.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105EURUSDH1.png

 

 

The intraday technical outlook

 

Thursday EURUSD had a volatile trading session before finally closing up on the day and above the 1.1200 resistance level.

 

This morning I am monitoring the price action for a test of the 1.1250 resistance level.

 

Alternatively a failure to sustain a move above this level could see EURUSD trade back down to the 1.1200 support level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105GBPUSDH1.png

 

 

The intraday technical outlook

 

Thursday GBPUSD retested but failed to trade above the 1.5500 resistance level.

 

The breach of the last isolated low at 1.5400 has change the 1 hour trend from up to down.

 

This morning I am monitoring the price action for a retest of the 1.5500 resistance level.

 

Alternatively a failure to trade higher could see GBPUSD breach the the 1.5350 support level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5495 / 1.5500 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105USDJPYH1.png

 

The intraday technical outlook

 

Thursday USDJPY experienced a strong rally as it broke above its down channel.

 

The breach of the last isolated high at 119.36 has change the 1 hour trend from down to up.

 

This morning I am monitoring the price action for a retest of the 119.75 resistance level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.40 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.50 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105USDCHFH1.png

 

 

The intraday technical outlook

 

Thursday USDCHF broke under its 0.9340 support level.

 

This morning I am monitoring the price action for a test of the 0.9300 support level.

 

Alternatively a failure to breach this level could see USDCHF trade back up to the 0.9445 resistance level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9445 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105AUDUSDH1.png

 

The intraday technical outlook

 

Thursday AUDUSD traded back down to its channel bottom.

 

This morning I am monitoring the price action for a bounce off channel bottom support.

 

Alternatively a failure to trade higher could see AUDUSD trade back down to the 0.7840 support level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8075 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105GOLDH1.png

 

The intraday technical outlook

 

Thursday Gold experienced a massive collapse.

 

This morning I am monitoring the price action for a test of the 1175.35 support level.

 

Alternatively a failure to trade lower could see Gold retest 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 1207.30 level.

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/0105CLM5H1.png

 

The intraday technical outlook

 

Thursday Oil continued to trade higher.

 

I am this morning monitoring the price action for a test of the 60.00 level

 

Alternatively a failure to sustain higher prices could see Oil test the 59.00 support level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 04.05.2015

 

 

 

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/04052015EURUSDH1.png

 

 

The intraday technical outlook

 

Friday EURUSD was not able to sustain a move above last week’s highs.

 

What followed was a breach of the 1.1200 isolated low.

 

The move beneath this level has technically changed the 1 hour trend from up to down.

 

This morning I am monitoring the price action for a move down to the 1.1050 level.

 

Alternatively a failure to sustain a move lower could see EURUSD retest the 1.1200 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1285 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/04052015GBPUSDH1.png

 

The intraday technical outlook

 

Friday GBPUSD collapsed.

 

The move lower followed the prior break down from the up channel and breach of the 1.5400 isolated low.

 

This morning I am monitoring the price action for a test of the 1.5100 level.

 

Alternatively a failure to trade lower could see GBPUSD test the 1.5250 level.

 

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://academy.acfx.com/wp-content/uploads/2015/05/0405015USDJPYH1.png

 

The intraday technical outlook

 

Friday USDJPY continued its strong rally.

 

The breach of the last isolated high at 119.35 has change the 1 hour trend from down to up.

 

This morning I am monitoring the price action for a retest of Friday’s high.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 118.50 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/04052015USDCHFH1.png

 

 

The intraday technical outlook

 

Friday USCHF traded lower however has since rallied.

 

This morning I am monitoring the price action for a test of the 0.9445 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the last weeks lows at the 0.9275 area.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9445 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/04052015AUDUSDH1.png

 

The intraday technical outlook

 

Friday AUDUSD broke down from its up channel.

 

This followed a breach of the 0.7975 isolated low.

 

The move beneath this level has technically changed the 1 hour trend from up to down.

 

This morning I am monitoring the price action for a test of the 0.7750 support level.

 

Alternatively a failure to trade lower could see AUDUSD test the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8075 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/0405215GOLDH1.png

 

The intraday technical outlook

 

Friday Gold continued to trade lower but found support at the 1175.35 level.

 

This morning I am monitoring the price action for a test of the 1184.15 level.

 

Alternatively a failure to trade higher could see Gold retest Friday’s lows.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1207.20 level

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/04052015CLM5H1.png

 

The intraday technical outlook

 

Friday Oil did trade higher however by the close of business had paired most of its gains.

 

I am this morning monitoring the price action for a test of the 60.00 level

 

Alternatively a failure to sustain higher prices could see Oil test the 59.00 support level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 06.05.2015

 

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015EURUSDH1.png

 

 

The intraday technical outlook

 

Tuesday EURUSD bounce higher off its channel bottom.

 

This morning I am monitoring the price action for a test of the 1.1285 /1.1300 resistance area.

 

Alternatively a failure to sustain a move higher prices could see EURUSD retest the 1.1200 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015GBPUSDH1.png

 

The intraday technical outlook

 

Tuesday GBPUSD bounced higher off its 1.5100 support level.

 

This morning I am monitoring the price action for a re-test of the 1.5250 level.

 

Alternatively a failure to trade higher could see GBPUSD test the 1.5150 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5100 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015USDJPYH1.png

 

 

The intraday technical outlook

 

Tuesday USDJPY tested, bounced off the 119.75 level.

 

This morning I am monitoring the price action for a test of the 119.40 level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015USDCHFH1.png

 

The intraday technical outlook

 

Tuesday USDCHF continued to trade lower.

 

This morning I am monitoring the price action for a test of the 0.9200 level.

 

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9270 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015AUDUSDH1.png

 

The intraday technical outlook

 

Tuesday AUDUSD continued to trade higher.

 

This morning I am monitoring the price action for a re-test of the broken up channel.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7785 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015GOLDH1.png

 

The intraday technical outlook

 

Tuesday continued to trade higher but eventually found strong resistance at the 1198.05 level.

 

This morning I am monitoring the price action for a re-test of the 1198.05 level.

 

Alternatively a failure to trade higher could see Gold re-test the 1192.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level.

 

 

OIL

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/06052015CLM5H1.png

 

The intraday technical outlook

 

Tuesday Oil broke above its recent range as it put in a very strong rally.

 

I am this morning monitoring the price action to consolidate or correction off the overnight highs.

 

Alternatively a failure to trade lower could see Oil test the 60.00 support level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 07.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015EURUSDH1.png

 

The intraday technical outlook

 

Wednesday EURUSD closed at its highs and this positive momentum has continued into the mornings trading.

 

This morning I am monitoring the price action for a test of the 1.1350 resistance area.

 

Alternatively a failure to sustain a move higher prices could see EURUSD retest the 1.1285 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015GBPUSDH1.png

 

The intraday technical outlook

 

Wednesday GBPUSD traded higher however this morning has opened some what negatively.

 

This morning I am monitoring the price action for a test of the 1.5150 level.

 

Alternatively a failure to trade lower could see GBPUSD re-test the 1.5250 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015USDJPYH1.png

 

 

The intraday technical outlook

 

Wednesday USDJPY traded lower but has found support at the 119.40 level.

 

This morning I am monitoring the price action for a test of the 119.40 level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015USDCHFH1.png

 

The intraday technical outlook

 

Wednesday USDCHF traded lower but eventually found support above the 0.9100 area.

 

This morning I am monitoring the price action for a test of the 0.9100 level.

 

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9270 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.

 

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015AUDUSDH1.png

 

The intraday technical outlook

 

Wednesday AUDUSD closed higher on the day but was however unable to hold onto most of its gains.

 

This morning I am monitoring the price action for a re-test of the broken up channel.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7925 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7925 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015GOLDH1.png

 

The intraday technical outlook

 

Wednesday Gold experienced a indifferent days trading however this morning a negative bias has entered the market.

 

This morning I am monitoring the price action for a test of the 1182.00 level.

 

Alternatively a failure to trade lower could see Gold re-test 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 1198.05 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/07052015CLM5H1.png

 

The intraday technical outlook

 

Wednesday Oil initially spiked higher but found resistance at the 62.50 level and gave up all its gains.

 

This morning monitoring the price action for a test of the 60.00 level.

 

Alternatively a failure to trade lower could see Oil re-test yesterdays highs.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.

 

 

 

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MARKET BRIEFING – LONDON OPEN 08.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015EURUSDH1.png

 

 

The intraday technical outlook

 

Thursday EURUSD corrected for the entire day.

 

This negative bias has continued into this morning.

 

However the price action has now traded back to strong support in the form of the 1.1200 level and channel bottom.

 

This morning I am monitoring the price action for a bounce off the channel bottom.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1200 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015GBPUSDH1.png

 

 

The intraday technical outlook

 

Thursday GBPUSD traded in a fairly tight range.

 

However last nights news of a shock exit poll result sent GBPUSD higher.

 

This morning I am monitoring the price action for a re-test of the 1.5495 / 1.5500 level.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015USDJPYH1.png

 

 

The intraday technical outlook

 

Thursday USDJPY spiked higher off the 119.00 support area.

 

This morning I am monitoring the price action for a test of the 120.00 level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 support level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.

 

 

USDCHF

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015USDCHFH1.png

 

The intraday technical outlook

 

Thursday USDCHF spiked higher off the 0.9070 area.

 

This morning I am monitoring the price action for a test of the 0.9270 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9070 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015AUDUSDH1.png

 

 

The intraday technical outlook

 

Thursday AUDUSD failed in its attempt to sustain a move back into its up channel.

 

This led to a a strong downside correction which has continued into the morning trading.

 

This morning I am monitoring the price action for a test of the 0.7925 level.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8025 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015GOLDH1.png

 

 

The intraday technical outlook

 

Thursday Gold traded lower.

 

However support was found at the 1182.00 area and this has led to a move higher during Friday morning.

 

This morning I am monitoring the price action for a test of the 1192.00 level.

 

Alternatively a failure to trade higher could see Gold re-test the 1182.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1198.05 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/08052015CLM5H1.png

 

 

The intraday technical outlook

 

Thursday Oil slammed lower.

 

Is this a case of all good things end? With support being held at the 58.50 level we really need to see a push higher.

 

Otherwise the bulls who bought Oil during this up move will once again run for cover.

 

This morning monitoring the price action for a bounce off the 58.50 level

 

Alternatively a failure to trade higher could see Oil re-test yesterdays lows.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.30 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 11.05.2015

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/11052015EURUSDH1.png

 

The intraday technical outlook

 

Friday EURUSD continued to correct lower.

 

This morning I am monitoring the price action for a bounce off the mornings lows.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test 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 1.1050 level

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/11052015GBPUSDH1.png

 

 

The intraday technical outlook

 

Friday GBPUSD traded in erratic fashion for most of the day.

 

This morning I am monitoring the price action for a re-test of the 1.5495 / 1.5500 level.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5350 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/11052015USDJPYH1.png

 

 

The intraday technical outlook

 

Friday USDJPY experienced a volatile trading session.

 

Initially USDJPY spiked higher but was unable to make much headway above the 120.00 level.

 

What followed was a nasty collapse that was halted around the 119.75 level.

 

This morning I am monitoring the price action for a test of the 120.00 level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 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/2015/05/11052015USDCHFH1.png

 

 

The intraday technical outlook

 

Friday USDCHF continued to rally as the price action traded up to its channel top.

 

This morning I am monitoring the price action for a test of the 0.9385 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9270 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9180 level

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/1105215AUDUSDH1.png

 

The intraday technical outlook

 

Friday AUDUSD traded in volatile fashion as the price action stayed within a tight range.

 

This morning I am monitoring the price action for a test of the 0.7925 level.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7975 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/11052015GOLDH1.png

 

 

The intraday technical outlook

 

Friday Gold traded higher but found resistance at its channel top.

 

This morning I am monitoring the price action for a test of the 1182.00 level.

 

Alternatively a failure to trade lower could see Gold re-test 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 1198.05 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/11052015CLM5H1.png

 

 

The intraday technical outlook

 

Friday Oil continued to trade under its channel bottom in what was volatile trading.

 

This morning monitoring the price action for a breach of the 60.00 level

 

Alternatively a failure to trade higher could see Oil re-test the 58.50 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.30 level

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 12.05.2015

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/12052015EURUSDH1.png

 

 

The intraday technical outlook

 

Monday EURUSD experienced a somewhat choppy day.

 

This morning I am monitoring the price action for a test of the 1.1200 level.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test 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 1.1050 level.

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/1205215GBPUSDH1.png

 

The intraday technical outlook

 

Monday GBPUSD continued to trade higher.

 

This morning I am monitoring the price action for a test of the 1.5600 level.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5350 level.

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/1205215USDJPYH1.png

 

The intraday technical outlook

 

Monday USDJPY rallied for the entire day.

 

This morning I am monitoring the price action for a test of the 120.25 level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 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/2015/05/1205215USDCHFH1.png

 

 

The intraday technical outlook

 

Monday USDCHF USDCHF continued to rally as the price action traded up to its channel top.

 

This morning I am monitoring the price action for a test of the 0.9385 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9270 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9295 level.

 

 

AUDUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/12052015AUDUSDH1.png

 

 

The intraday technical outlook

 

Monday AUDUSD continues to trade in a tight range.

 

This morning I am monitoring the price action for a test of the 0.7975 level.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7975 level.

 

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/12052015GOLDH1.png

 

 

The intraday technical outlook

 

Monday Gold tested but could not sustain a move above its down channel top.

 

This morning I am monitoring the price action for a test of the 1182.00 level.

 

Alternatively a failure to trade lower could see Gold re-test 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 1192.00 level.

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/12052015CLM5H1.png

 

 

The intraday technical outlook

 

Monday Oil happy a choppy days trading.

 

This morning monitoring the price action for a breach of the 60.00 level

 

Alternatively a failure to trade higher could see Oil re-test the 58.50 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.00 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 13.05.2015

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015EURUSDH11.png

 

The intraday technical outlook

 

Tuesday EURUSD rallied off the 1.1250 support level.

 

This morning I am monitoring the price action for a test of the 1.1285 level.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1125 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1125 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015GBPUSDH1.png

 

The intraday technical outlook

 

Tuesday GBPUSD spiked higher following a bounce off the 1.5550 support level.

 

This morning I am monitoring the price action for a test of the 1.5700 level.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5550 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015USDJPYH1.png

 

The intraday technical outlook

 

Tuesday USDJPY failed to sustain a move above the 120.25 level and the proceeded to experience a strong correction.

 

This morning I am monitoring the price action for a test of the 119.75 level.

 

Alternatively a failure to trade lower could see USDJPY trade back up to 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 120.25 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015USDCHFH1.png

 

The intraday technical outlook

 

Tuesday USDCHF broke lower off its channel top.

 

This morning I am monitoring the price action for a test of the 0.9180 level.

 

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9340 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9340 level.

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015AUDUSDH1.png

 

The intraday technical outlook

 

Tuesday AUDUSD traded higher but found resistance at the 0.8000 level.

 

This morning I am monitoring the price action for a re-test of the 0.8000 level.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7925 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7875 level.

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015GOLDH1.png

 

The intraday technical outlook

 

Tuesday Gold broke above its down channel.

 

This morning I am monitoring the price action for a test of the 1198.00 level.

 

Alternatively a failure to trade higher could see Gold re-test the 1192.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.00 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/13052015CLM5H1.png

 

The intraday technical outlook

 

Tuesday Oil traded higher in an orderly staircase fashion.

 

This morning monitoring the price action for a breach of the 61.30 level

 

Alternatively a failure to trade higher could see Oil re-test the 60.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.00 level.

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 14.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015EURUSDH1.png

 

The intraday technical outlook

 

Wednesday EURUSD continued to trade higher.

 

This morning I am monitoring the price action for a test of the 1.1450 level.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1285 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1200 level

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015GBPUSDH1.png

 

The intraday technical outlook

 

Wednesday GBPUSD continues to trade higher.

 

This morning I am monitoring the price action for a test of the 1.5800 level which coincides with a prior area of strong resistance.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5650 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015USDJPYH1.png

 

The intraday technical outlook

 

Wednesday USDJPY continued to trade lower as the price action slash through multiple support levels.

 

This morning I am monitoring the price action for a test of the 118.80

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.40 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.30 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015USDCHFH1.png

 

The intraday technical outlook

 

Wednesday USDCHF traded lower following its failure to test its channel top.

 

This morning I am monitoring the price action for a test of the 0.9110 level.

 

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9180 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9295 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015AUDUSDH1.png

 

The intraday technical outlook

 

Wednesday AUDUSD traded higher for most of the day.

 

This morning I am monitoring the price action for a re-test of this mornings highs.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.8050 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015GOLDH1.png

 

The intraday technical outlook

 

Wednesday Gold broke higher from the previous days tight range.

 

This morning I am monitoring the price action for a test of the 1222.00 level.

 

Alternatively a failure to trade higher could see Gold re-test the 1209.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.00 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/14052015CLM5H1.png

 

The intraday technical outlook

 

Wednesday Oil traded higher but failed to penetrate back into its up channel. This led to a strong downward correction.

 

This morning monitoring the price action for a bounce off the 60.00 area.

 

Alternatively a failure to trade higher could see Oil re-test the 59.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.00 level.

 

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 15.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015EURUSDH1.png

 

 

The intraday technical outlook

 

Thursday EURUSD traded within a tight range.

 

This morning I am monitoring the price action for a test of the 1.1450 level.

 

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1340 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1340 level.

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/1505215GBPUSDH1.png

 

 

The intraday technical outlook

 

Thursday GBPUSD continues to trade higher.

 

This morning I am monitoring the price action for a test of the 1.5800 level which coincides with a prior area of strong resistance.

 

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5650 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5650 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015USDJPYH1.png

 

 

The intraday technical outlook

 

Thursday USDJPY spiked higher and is now testing the upper limit of its down channel.

 

This morning I am monitoring the price action for a bounce lower off the 119.40 level and the channel top.

 

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.30 level.

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015USDCHFH1.png

 

 

The intraday technical outlook

 

Thursday USDCHF traded lower following its failure to test its channel top.

 

This morning I am monitoring the price action for a test of the 0.9110 level.

 

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9180 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9295 level.

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015AUDUSDH1.png

 

 

The intraday technical outlook

 

Thursday AUDUSD corrected lower.

 

This morning I am monitoring the price action for a test of the 0.8075 level.

 

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.8000 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015GOLDH1.png

 

 

The intraday technical outlook

 

Thursday Gold closed marginally up on the day.

 

This morning I am monitoring the price action for a test of the 1222.00 level.

 

Alternatively a failure to trade higher could see Gold re-test the 1212.40 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level.

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/15052015CLM5H1.png

 

 

The intraday technical outlook

 

Thursday Oil closed slightly lower on the day.

 

This morning monitoring the price action for a test off the 59.00 area.

 

Alternatively a failure to trade lower could see Oil re-test the 60.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 19.05.2015

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/19052015EURUSDH1.png

 

 

The intraday technical outlook

 

Monday EURUSD tested the channel bottom and has subsequently broken it during early morning trading.

 

This morning I am monitoring the price action for a test of the 1.1200 level.

 

Alternatively a failure to sustain a move lower prices could see EURUSD re-test the 1.1285 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1465 level.

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/19052015GBPUSDH1.png

 

The intraday technical outlook

 

Monday GBPUSD tested the 1.5650 support level.

 

This morning I am monitoring the price action for a re- test of the 1.5650 level.

 

Alternatively a failure to trade lower could see GBPUSD test last weeks highs.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5650 level

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/19052015USDJPYH1.png

 

 

The intraday technical outlook

 

Monday USDJPY continued to trade above its down channel and painted a bullish higher low higher high formation.

 

This morning I am monitoring the price action for a test of the 120.30 level

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.40 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.20 level.

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/19022015USDCHFH1.png

 

The intraday technical outlook

 

Monday USDCHF tested and close above its down channel.

 

This morning I am monitoring the price action for a test of the 0.9295 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9250 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9130 level.

 

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/19022015AUDUSDH1.png

 

The intraday technical outlook

 

Monday AUDUSD traded down and closed under its up channel.

 

This morning I am monitoring the price action for a test of the 0.7950 level.

 

Alternatively a failure to trade lower could see AUDUSD test the 0.8025 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level.

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/19022015GOLDH1.png

 

 

The intraday technical outlook

 

Monday Gold has corrected off its highs.

 

This morning I am monitoring the price action for a re-test of this weeks highs.

 

Alternatively a failure to trade higher could see Gold re-test the 1212.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level

 

 

 

OIL

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/19022015CLM5H1.png

 

 

The intraday technical outlook

 

Monday Oil has continued to trade lower.

 

This morning monitoring the price action for a test off the 59.00 area.

 

Alternatively a failure to trade lower could see Oil re-test the 60.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.

 

 

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 20.05.2015

 

 

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015EURUSDH1.png

 

 

 

 

The intraday technical outlook

 

Tuesday EURUSD lost further ground as it broke down through multiple support levels.

 

This morning I am monitoring the price action for a test of the 1.1050 level.

 

Alternatively a failure to sustain a move lower prices could see EURUSD re-test the 1.1200 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1465 level

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015GBPUSDH1.png

 

 

The intraday technical outlook

 

Tuesday GBPUSD tested and broke through its channel bottom.

 

This morning I am monitoring the price action for a test of the 1.5450 level.

 

Alternatively a failure to trade lower could see GBPUSD re-test the 1.5550 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5800 level.

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015USDJPYH11.png

 

 

The intraday technical outlook

 

Tuesday USDJPY traded higher following its break out from its down channel.

 

This morning I am monitoring the price action for a test of the 121.00 level.

 

Alternatively a failure to trade higher could see USDJPY trade back down to the 120.50 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.90 level.

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015USDCHFH1.png

 

 

The intraday technical outlook

 

Tuesday USDCHF traded higher following its break out from its down channel.

 

This morning I am monitoring the price action for a test of the 0.9385 level.

 

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9340 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9250 level.

 

AUDUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015AUDUSDH1.png

 

The intraday technical outlook

 

Tuesday AUDUSD continued to trade lower following its break down from its channel bottom.

 

This morning I am monitoring the price action for a test 0.7875 level.

 

Alternatively a failure to trade lower could see AUDUSD test the 0.7950 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8000 level.

 

 

 

 

 

 

GOLD

 

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015GOLDH11.png

 

The intraday technical outlook

 

Tuesday Gold broke through its down channel.

 

This morning I am monitoring the price action for a test of the 1204.70.

 

Alternatively a failure to trade lower could see Gold re-test the 1212.40 level.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1232.20 level

 

 

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/20052015CLN5H1.png

 

The intraday technical outlook

 

Tuesday Oil continued to trade lower.

 

This morning monitoring the price action for a test off the 57.85 area.

 

Alternatively a failure to trade lower could see Oil re-test the 59.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.65 level.

 

 

 

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MARKET BRIEFING – LONDON OPEN 22.05.2015

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015EURUSDH1.png

 

 

 

The intraday technical outlook

 

Thursday EURUSD closed the day higher.

 

This morning I am monitoring the price action for a test of the 1.1180 level.

 

Alternatively a failure to sustain a move higher could see EURUSD test the 1.1125 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.

 

 

 

 

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015GBPUSDH1.png

 

The intraday technical outlook

 

Thursday GBPUSD closed the day higher.

 

This morning I am monitoring the price action for a test of the 1.5700 level.

 

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5650 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.

 

 

 

 

USDJPY

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015USDJPYH1.png

 

The intraday technical outlook

 

Thursday USDJPY closed the day lower.

 

This morning I am monitoring the price action for a test of the 120.75 level.

 

Alternatively a failure to sustain a move lower could see USDJPY test the 121.25 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.25 level.

 

 

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015USDCHFH1.png

 

 

 

The intraday technical outlook

 

Thursday USDCHF closed the day unchanged.

 

This morning I am monitoring the price action for a test of the 0.9340 level.

 

Alternatively a failure to sustain a move lower could see USDCHF test the 0.9385 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9250 level.

 

 

 

 

 

AUDUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015AUDUSDH1.png

 

The intraday technical outlook

 

Thursday AUDUSD closed the day higher.

 

This morning I am monitoring the price action for a test of the 0.7925 level.

 

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7875 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7925 level.

 

 

 

 

GOLD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015GOLDH1.png

 

The intraday technical outlook

 

Thursday Gold tested the day lower.

 

This morning I am monitoring the price action for a test of the 1212.40 level.

 

Alternatively a failure to sustain a move higher could see XAUUSD test the 1204.70 level.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1212.40 level.

 

 

 

OIL

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/22052015CLN5H1.png

 

 

The intraday technical outlook

 

Thursday Oil closed the day higher.

 

This morning I am monitoring the price action for a test of the 60.80 level.

 

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 60.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 25.05.2015

 

 

 

EURUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015EURUSDH1.png

 

 

 

 

The intraday technical outlook

 

Friday EURUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 1.0900 level.

 

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.

 

 

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015GBPUSDH1.png

 

 

The intraday technical outlook

 

Friday GBPUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 1.5550 level.

 

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5450 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.

 

 

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015USDJPYH1.png

 

The intraday technical outlook

 

Friday USDJPY closed the day higher.

 

This morning I am monitoring the price action for a test of the 122.00 level.

 

Alternatively a failure to sustain a move higher prices could see USDJPY test the 121.25 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 120.75 level.

 

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015USDCHFH11.png

 

 

The intraday technical outlook

 

Friday USDCHF closed the day higher.

 

This morning I am monitoring the price action for a test of the 0.9445 level.

 

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9385 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9295 level

 

 

 

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015AUDUSDH1.png

 

 

The intraday technical outlook

 

Friday AUDUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 0.7785 level.

 

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7925 level.

 

 

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/25052015GOLDH1.png

 

The intraday technical outlook

 

Friday Gold closed the day unchanged.

 

This morning I am monitoring the price action for a test of the 1198.05 level.

 

Alternatively a failure to sustain a move lower could see XAUUSD test the 1212.40 level.

 

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1212.40 level.

 

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/2505215CLN5H1.png

 

The intraday technical outlook

 

Friday Oil closed the day higher.

 

This morning I am monitoring the price action for a test of the 60.00 level.

 

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 59.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level

 

 

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MARKET BRIEFING – LONDON OPEN 26.05.2015

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/26062015EURUSDH1.png

 

 

The intraday technical outlook

 

Monday EURUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 1.0900 level.

 

Alternatively a failure to sustain a move lower could see EURUSD test the 1.050 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.

 

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015GBPUSDH1.png

 

 

The intraday technical outlook

 

Monday GBPUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 1.5350 level.

 

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5450 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015USDJPYH11.png

 

The intraday technical outlook

 

Monday USDJPY closed the day higher.

 

This morning I am monitoring the price action for a test of the 123.00 level.

 

Alternatively a failure to sustain a move higher could see USDJPY test the 122.00 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 121.50 level

 

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015USDCHFH1.png

 

The intraday technical outlook

 

Monday USDCHF closed the day higher.

 

This morning I am monitoring the price action for a test of the 0.9490 level.

 

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.

 

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015AUDUSDH1.png

 

 

The intraday technical outlook

 

Monday AUDUSD closed the day higher.

 

This morning I am monitoring the price action for a test of the 0.7785 level.

 

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7840 level

 

 

 

GOLD

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015GOLDH1.png

 

 

The intraday technical outlook

 

Monday Gold closed the day higher.

 

This morning I am monitoring the price action for a test of the 1198.05 level.

 

Alternatively a failure to sustain a move lower could see XAUUSD test the 1204.70 level.

 

From a technical perspective Gold is trading in an intraday 1 down up trend with the line of control at the 1212.40 level.

 

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/26052015CLN5H1.png

 

 

The intraday technical outlook

 

Monday Oil closed the day lower.

 

This morning I am monitoring the price action for a test of the 59.00 level.

 

Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 60.00 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.

 

 

 

 

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MARKET BRIEFING – LONDON OPEN 27.05.2015

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705EURUSDH1.png

 

 

The intraday technical outlook

 

EURUSD has slightly revived this morning, after a slide it experienced since last Friday.

 

The price action has not managed to breach 1.0850 support, retracing higher and likely to retest the 1.1050 resistance, coinciding with the upper border of the downward trend channel.

 

Alternatively a failure to sustain a move higher, we could see EURUSD to move towards 1.8000 support.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level

 

 

 

 

GBPUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705GBPUSDH1.png

 

The intraday technical outlook

 

GBPUSD has also retraced this morning.

 

Today we are monitoring the price action for a test of the 1.5450 level.

 

Alternatively a failure to sustain a higher prices could see GBPUSD to retest the 1.5350 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.

 

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705USDJPYH1.png

 

 

The intraday technical outlook

 

USDJPY has returned to reconfirm the breach of the channel.

 

Today we are monitoring the price action to retest the return to the channel, alternatively the move higher towards 124.000 level could be seen.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 121.50 level.

 

 

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705USDCHFH1.png

 

 

The intraday technical outlook

 

USDCHF has retraced from the yesterday’s highs this morning, breaching 0.9490 support.

 

Today we are monitoring the price action to test 0.9410 support, which also coincides with the lower border of the uptrend channel.

 

Alternatively a failure to sustain lower prices could see USDCHF to retest the previous high of 0.9535.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.

 

 

 

 

AUDUSD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705AUDUSDH1.png

 

The intraday technical outlook

 

AUDUSD has stabilized today, after a sharp move lower during the previous week.

 

This morning we are monitoring the price action to test the upper border of the downward trend channel.

 

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7720 level.

 

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7840 level.

 

 

 

GOLD

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705GOLDH1.png

 

The intraday technical outlook

 

Gold has yesterday reached a two week low, declining to 1185.00 level.

 

Today we are monitoring the price action to test the upward side of the channel. Alternatively, the failure to sustain the higher prices could see the precious metal to slide to 1184.00

 

From a technical perspective Gold is trading in an intraday 1 down up trend with the line of control at the 1212.40 level.

 

 

 

OIL

 

 

http://academy.acfx.com/wp-content/uploads/2015/05/2705CLN5H1.png

 

 

The intraday technical outlook

 

Today Oil has retraced from this month lows as it reached 57.70 level yesterday.

 

Currently we are monitoring the price action to test 59.10 resistance level.

 

Alternatively a failure to sustain a move higher could see the commodity to slide lower towards 56.50 support.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.

 

 

 

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MARKET BRIEFING – LONDON OPEN 28.05.2015

 

 

 

 

EURUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/28052015EURUSDH1.png

 

 

The intraday technical outlook

 

EURUSD closed the day higher.

 

This morning I am monitoring the price action for a test of the 1.0900 level.

 

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.

 

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.

 

 

 

 

GBPUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/28052015GBPUSDH1.png

 

 

The intraday technical outlook

 

GBPUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 1.5350 level.

 

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5400 level.

 

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5450 level.

 

 

 

 

USDJPY

 

http://academy.acfx.com/wp-content/uploads/2015/05/28052015USDJPYH1.png

 

 

The intraday technical outlook

 

USDJPY closed the day higher.

 

This morning I am monitoring the price action for a test of the 124.00 level.

 

Alternatively a failure to sustain a move higher could see USDJPY test the 122.75 level.

 

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 122.75 level

 

 

 

 

USDCHF

 

http://academy.acfx.com/wp-content/uploads/2015/05/28052015USDCHFH1.png

 

 

The intraday technical outlook

 

USDCHF closed the day lower.

 

This morning I am monitoring the price action for a test of the 0.9490 level.

 

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

 

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.

 

 

 

 

AUDUSD

 

http://academy.acfx.com/wp-content/uploads/2015/05/2805215AUDUSDH1.png

 

 

The intraday technical outlook

 

AUDUSD closed the day lower.

 

This morning I am monitoring the price action for a test of the 0.7650 level.

 

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7750 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/2015/05/28052015GOLDH1.png

 

 

The intraday technical outlook

 

Gold closed the day higher.

 

This morning I am monitoring the price action for a test of the 1182.00 level.

 

Alternatively a failure to sustain a move lower could see XAUUSD test the 1192.00 level.

 

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level

 

 

 

 

 

 

OIL

 

http://academy.acfx.com/wp-content/uploads/2015/05/2805215CLN5H1.png

 

The intraday technical outlook

 

Oil closed the day lower.

 

This morning I am monitoring the price action for a test of the 56.65 level.

 

Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 58.15 level.

 

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 58.15 level.

 

 

 

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