Author: Samuel Morton

AUDUSD – 1 Hour Chart The AUDUSD has moved lower but is currently finding support at 0.7300. If price continues to find support and retrace some of the recent bearish move, there could be selling opportunities at any of the key fib levels (23.6%, 38.2%, 50% & 61.8%), the moving …

AUDUSD – 1 Hour Chart Price was bullish is yesterday’s trading sessions and continues to push higher. The AUDUSD is forming a tightening triangular pattern, a breakout to the downside this consolidation, followed by a bearish move is more likely then a upside break. If price does become bearish and retrace, buying opportunities may exist at …

AUDUSD – 1 Hour Charts Price managed to move and close higher in yesterday’s trading sessions, forming a higher swing high. The AUDUSD is now looking bearish and forming a tight head and shoulder pattern. This could signal that price is starting a retracement and that we may see a …

GBPUSD – Daily Chart The GBPUSD has reached a clear resistance and psychological level at 1.4700. Price is currently testing the area and we may see some bearish price action as the resistance tries to hold. If price closes above the resistance level, there could be potential buying opportunities as the …

AUDUSD – 1 Hour Chart The AUDUSD continues to move higher in an attempt to test the previous swing high at 0.7490. The moving averages are bullish are continue to widen, suggesting that the bullish momentum is not weakening yet. Today’s trading sessions may provide some buying opportunities, especially if price pulls back …

AUDUSD – 1 Hour Chart The AUDUSD has moved higher as suggested in Friday’s chart analysis. Price gaped over the weekend and has found support at the resistance level of 0.7420, which was also identified in Friday’s chart analysis. If the AUDUSD pulls back to the 0.7420 area before it moves higher, there …

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, …