NZDJPY - Lower highs highlights a downward bias

Monthly: Consolidation for the last 16 months. We are getting squeezed between the trend of lower highs (at 81.10) and the trend of higher lows (at 75.60). A break of support and we have an AB=CD formation target located at 59.50, just through the 61.8% pullback level of 63.10 (from 43.99-94.00) Weekly:  Previous support is located at 75....

2018-04-19 Ian Coleman Read more
GBPCHF - AB=CD formation and bespoke resistance to limit buying

Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation. Ichimoku Cloud resistance is seen at 1.4092 Weekly:  For the last 80 weeks we have held within a bullish channel formation. The trend line resistance is currently located at 1.3907. Bespoke resistan...

2018-04-19 Ian Coleman Read more

In this installment PIA-First will be looking at the USDCHF and taking a short trade in this currency pair, on the 18th of April. [shortcode-variables slug="act_tradeideas"]

2018-04-18 Ian Coleman Read more
AUDJPY - February Marabuzo level holds the key

Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. The Ichimoku Cloud stalled rallies on three occasions in 2017. Strong selling pressure in February has left a Marabuzo level at 85.36 (half the nett losses from 87.94 to 82.78) Weekly:  Holding within a bearish channel formation. We have ...

2018-04-17 Ian Coleman Read more
GBPJPY - Selling into rallies with the upside limited

Monthly: The cross is trading between the 38.2% and 50% pullback level (of 152.09 and 160.45). Price action in February posted a bearish Outside Month, often an indication that the rally is over and the start of a new downward bias Weekly:  The weekly chart highlights mixed trading for the last 69 weeks as we hold within a bearish Ascendi...

2018-04-17 Ian Coleman Read more
Running through the US Equities with Orbex 16/04/18

In this installment PIA-First will be running through the US Equities for the week starting on the 16th of April. [shortcode-variables slug="act_tradeideas"] Disclaimer: This material is intended for marketing/information purposes  only and does not contain, and should not be construed as containing; an attempt of solicitation for any tran...

2018-04-16 Steve O'Hare Read more
Looking into the FX Majors 16/04/18

In this installment PIA-First will be looking at the FX Majors for the week starting on the 16th of April. [shortcode-variables slug="act_tradeideas"] Disclaimer: This material is intended for marketing/information purposes  only and does not contain, and should not be construed as containing; an attempt of solicitation for any transaction...

2018-04-16 Ian Coleman Read more
USDCHF - Bespoke resistance and 61.8% to limit buying

Monthly: Price action continues to be mixed and volatile. The pair holds a mild bullish bias with a break of the Ending wedge formation (at 0.9903) taking the pair to the measured move target of 1.0340 Weekly:  Buyers emerged close to the 261.8% extension level of 0.9243 (from 1.0039-0.9735). The recovery has traded to the highest level i...

2018-04-18 Ian Coleman Read more
S&P500 - Short term rally faces headwind

Monthly: The 5th wave looks to have completed on the long-term chart. We now expected a period of correction after a hanging man candle was posted on the monthly chart. Further downside is expected Weekly:  The large correction seen at the end of January remains significant after the bearish outside candle was posted. Lower highs and a fu...

2018-04-16 Ian Coleman Read more
ForexWeekly - 09/04/18

Orbex is proud to announce our partnership with PIA-First. Our partnership will allow us to provide all of our traders with a wealth of information to enhance your trading experience. With our new weekly overviews, brief technical analysis videos and in depth market analysis we aim to provide you with enough information to make effective trading...

2018-04-13 Ian Coleman Read more