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A lot of pairs to review today so let’s get right to it. As the headline reads, I like GBPNZD higher from here. As you can see below, the pair is resting on the bottom of this short-term channel. The two consecutive bullish pin bars (yesterday and today) also tell me that the market wants […]Continue Reading
Not much action in the price action today. Here’s one level I’m watching on AUDJPY as well as updates on EURCAD and NZDJPY. As a quick side note, CADJPY is also holding firm at current levels. The pair is having a little trouble with the 95 area, but so far just some consolidation before the […]Continue Reading
The markets finally decided to pick up the pace today, especially for two of the setups we covered yesterday. CADJPY and EURCAD definitely stole the show today, moving 85 and 155 pips respectively. So where to from here? I was surprised to see CADJPY close above the trend line from last year. I thought the […]Continue Reading
The latest development on yesterday’s NZDJPY breakout is a bullish inside bar which formed today. There are a couple ways this can be viewed as far as an entry strategy. The first is the traditional inside bar entry which consists of a buy stop order above the mother bar. Of course if the low of the […]Continue Reading
In yesterday’s analysis we looked at the potential for an NZDJPY breakout. Today confirmed the breakout as the pair moved (and closed) above the upper wedge resistance. From here I like the chances of a retest of the 89.90 level in the coming days. It should be noted that we’re currently sitting at resistance around […]Continue Reading