Monday, 14 March 2016


GBPAUD, H4 TECHNICAL ANALYSIS

The pair is in a strongly weekly support zone and this usually gives large wide swings on the lower time frames.  The pair is showing a potential upside move on the 4 hour chart which will be confirmed by close of 4 hour candle above the blue horizontal line marked E. The immediate resistance zone/first target is around 1.92529 marked by R and and break and move beyond R will lead to the larger target around 1.94786 marked T


Wednesday, 9 March 2016


GBPAUD,30MIN TECHNICAL ANALYSIS

The pair is reacting to a large daily support zone hence giving large good swings on the lower time.  frames. The 30minute chart shows a potential buy of about 60pips that can only be confirmed by break and close of the candle above the green trendline marked A. The target is around 1.90644 marked by the horizontal line X

Monday, 7 March 2016


XAUUSD(GOLD) H4, SHORT TERM TECHNICAL ANALYSIS

Gold is reactimg to a major resistance zone but shows a weakness for a short down ward move. But this move can only be confirmed by break and close of a 4 hour candle below red trendline marked T. The target will be around 1245.73 support zone marked by Y




Wednesday, 2 March 2016


GBPJPY, Hourly Technical analysis.
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The price is reacting to the resistance zone around 1.39938. The short term sell trade will be confirmed by break and close of the hourly candle below the pink trendline marked T. The target is around 1.39035 zone marked by horizontal line, R. 


Monday, 29 February 2016


NZDUSD Daily Technical Analysis

The pair broke the uptrend marked by Red trendline marked R with a gap. It is now congesting with  the potential to continue down wards. The down side will be confirmed by break close below  the 0.65591 support zone of the daily candle marked by E  The first large support zone is around 0.64340 marked by Z. The larger target will be around 0.62274 marked by horizontal line marked X.




Sunday, 28 February 2016


USDCHF, Hourly.  31 pips

The hourly chart is now coming into the 21 Simple Moving Average zone. The short term trade will be confirmed by break close of hourly candle below blue horizontal line marked Z. The first target is around the 0.99579 marked by horizontal line Y.

Friday, 26 February 2016


EURJPY Hourly 60pip sell

The price is  now reacting in the 21 Simple Moving Average zone . The short term 60 pip sell trade will  be confirmed by break close below trendline marked X. The target is around the 123.798 marked by Y.