AUDNZD Price Action – Pin Inside Bar

The AUDNZD is retracing after a strong downtrend caused by the triple top. The pair reached a low at the 1.03515 level and is trading upon a bullish trendline which has been tested five times. Yesterday the AUDNZD formed what in Price Action is defined Pin Inside Bar, in other words a Pin Bar included in the previous candle. A breakdown of the candle corresponds with the breakdown of the trendline. That could be an opportunity for a sell. However, important macroeconomic news are going to be released for the australian dollar in the next hours. Pay attention especially at the RBA Interest Rate decision.

AUDNZD Price Action – Pin Inside Bar

USDJPY Technical Analysis - Symmetrical Triangle

The USDJPY is trading in a defined uptrend since last summer. After a chain of higher highs, the Yen is forming a Symmetrical Triangle. This Technical Analysis pattern is a continuation pattern for the 80% of the time. A breakout of the triangle may bring the USDJPY to new highs towards 1.2400 area.

USDJPY Technical Analysis - Symmetrical Triangle

EUR/CAD Price Action - Pin Bar

The EURCAD traded between Yesterday high/low range. Looking at the Price Action, the EUR/CAD formed ad Inside Bar. In additon, the pair rejected the 21 EMA forming a Pin Bar. A breakdown of this Pin Inside Bar might be a short term opportunity for a sell.

EUR/CAD Price Action - Pin Bar

EURUSD Overview

The EURUSD keeps falling since May 2013 after the Double Top formation. The 200 SMA maintains a strong bearish slope. Last week the Euro reached the 1.17550 level and today we've had a retest. If the support holds, next resistance could be found at the 1.18690 level and at the 1.20400 level (low of 2012). On the downside support could be found at the 1.16518 level (low of 2005).

EURUSD Overview

AUDUSD Overview

The AUDUSD keeps falling since September after it failed in breaking level 0.94100. In the last week, the pair reached the support level at 0.80670. If the support holds, the first resistance could be the bearish trendline while the second one could be found at the 0.83150 level.

AUDUSD Overview

AUDCHF Price Action - Inside Bar

The AUDCHF is trading in a downtrend below its 200 SMA. Yesterday the pair touched the bearish trendline after it reached a low of year at 0.78305. Today the AUDCHF closed forming an Inside Bar, a Price Action signal. A breakout of the candle might give the short term direction of the price.

AUDCHF Price Action - Inside Bar

AUDNZD Technical Analysis - Triple Top Target reached

The 26 of November the AUDNZD formed a Triple Top pattern as it was shown in this post (italian). The pair reached the target price at 1.05400 as expected.

Stay Tuned!

AUDNZD Technical Analysis - Triple Top Target reached