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...

What’s driving Bitcoin?

Market News & Analysis Bitcoin buyers have been basically unchecked since late April, buyers have added just over USD 2850 in value since the last small correction on the 26th of April. The last two weeks have reminded us of some of the crazy rallies we saw in...

Short-term decline building for Gold?

Market News & Analysis Overnight Gold hit new 3-week highs touching 1291.47 before sellers faded the move setting up a failed high. Price ended the session closing $3.60 lower. Last night’s high lined up with the trendline creating a new lower high and...

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...