EURJPY holding for a new leg lower?

Market News & Analysis Looking at the EURJPY daily we can see buyers have started to stall the decline from a previous low. The point of the low which has also now formed the base of a descending triangle pattern which are normally seen as continuation patterns in...

AUDUSD sellers pushing a continuation?

Market News & Analysis After a small rally after these mornings open, traffic has many been on the seller side for the AUDUSD. Since this mornings high we’ve seen a 20 pip decline. 70 cents is currently seen as today’s Asian session resistance. Sellers...

GBPJPY testing pattern base

Market News & Analysis Looking at the GBPJPY daily chart we can see that price has returned to the base of its longer-term descending triangle pattern. The base of this patter has held since February. While price remains above the base we would be looking for...

AUD setting up for new move lower to USD and Yen?

Market News & Analysis The AUD currently sits in a bearish position, data has not been helping the AUD of late with CPI coming in last week way below expectations. Eyes have moved the RBA not for if they’ll cut rates but when. Westpac advised yesterday they...

USDCAD support continues to hold

Market News & Analysis Lower oil price helped to stabilize the USDCAD overnight as it threatened to break its longer-term support level seen at 1.3295. After dipping below on positive Canadian CPI and trade balance data buyers returned to maintain the base. While...