Author: Samuel Morton

AUDUSD – 1 Hour Chart The AUDUSD continues to retrace after the recent bullish swing high. The moving averages are currently tightening and it looks like we may see a bullish moving average cross in today’s trading sessions – suggesting that bearish momentum is weakening and buying power is strengthening. If the AUDUSD …

USDCAD – Daily Chart The USDCAD is bearish but has been moving higher and retracing for the last week. Price has now reached a potential reversal area at a bearish trend line. If the trend line does not provide significant resistance and doesn’t reverse price direction, there is horizontal resistance at …

AUDUSD 1 Hour Chart The AUDUSD has moved higher after being in a retracement phase after a major swing higher. Price has found support at the long-term trend support line – this could be the start of a rally that may attempt a swing higher. The bearish moving averages are also tightening and we could soon …

AUDUSD – 1 Hour Chart The AUDUSD has been in a retracement phase after a major swing higher. Price has found support at the long-term trend support line (identified in yesterday’s analysis), this could be the start of a rally that may attempt to swing higher. The bearish moving averages are also tightening, …

EURGBP – Daily Chart EURGBP was rejected at horizontal resistance in yesterday’s trading and price is already testing the resistance level again in today’s trading session. Fundamentals suggest that EURGBP could move higher. The horizontal resistance may now act as a great opportunity for long positions. NZDUSD – Daily Chart Price is …

AUDUSD – 1 Hour Chart The AUDUSD is in a retracement phase after the major swing higher. Price is currently consolidating and forming a tightening sideways consolidation pattern. If price breaks to the upside of this consolidation, this could possibly mark the end of the retracement and price may start a rally and …

AUDUSD – 1 Hour Chart The AUDUSD is in a retracement phase after the major swing higher. The recent bearish moving average cross could indicate that we may still move lower before attempting a move higher. Possible buying opportunities exist at the 50% fib retracement level (0.7350), this is also …