Signal For Tuesday 24th October 2017

Overall there is strength in the JPY with minor strength in the GBP and NZD 

Overall there is weakness in the AUD, CAD, EUR and CHF 


Buy Trades – NZD/CAD, GBP/CAD, GBP/AUD

Sell Trades – EUR/JPY, AUD/JPY, AUD/NZD, CHF/JPY, CAD/JPY

Signal For Thursday 12th October 2017

Overall there is strength in the EUR and CAD 

Overall there is weakness in the JPY and USD 


Trading Directions I am favouring for the next 24 hours


Buy Trades – EUR/USD, EUR/JPY, EUR/AUD, CAD/JPY

Sell Trades – USD/CAD, GBP/CAD, AUD/CAD

Signal For Monday 9th October 2017

Overall there is minor strength in the EUR, CAD and JPY

Overall there is weakness in the NZD, GBP and AUD


Buy Trades – EEUR/NZD, EUR/AUD

Sell Trades – GBP/JPY, AUD/JPY, GBP/CAD, AUD/CAD

Signal For Tuesday 17th January 2017

Overall there is minor strength in the GBP, JPY and USD 

Overall there is minor weakness in the CAD, EUR and CHF


Buy Trades – USD/CAD

Sell Trades – None

Signal For Monday 16th January 2017

Overall there is minor strength in the NZD 

Overall there is weakness in the GBP, EUR, USD and CHF


Buy Trades – NZD/USD, NZD/CHF

Sell Trades – None

Signal For Friday 13th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the GBP


Buy Trades – EUR/GBP

Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF

Signal For Thursday 12th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD



Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD

Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD 

Nikkei 225 Technical Analysis: 16,500 Shows Resilience

Talking Points:

• Index short term rally stalled at the July high
• 16,500 is holding as support, upside momentum seems likely to shift focus to 17,000
• Volatility hits 2016 lows (based on 20-day ATR readings)

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The Nikkei 225 is finding support at 16,500 at the time of writing, after the index edged down from its July highs around 16,929.

At this stage, further upside conviction seems likely to shift focus to a resistance area around 17,000; a confluence resistance zone with the 17,000 handle, 200-day SMA and potential trend line resistance.

A break above 17,000 may be significant and expose the range highs slightly below the 18,000 level.

With that said, if price moves below 16,500, this could potentially put the spotlight on the 16,000 handle for support, and a break lower could expose the 15,000 range lows.

Major swings might not be on the immediate horizon though, unless a catalyst presents itself, as 20-day ATR volatility measures indicate we are currently trading at 2016 volatility lows.

The price has been ranging between the well-defined 18,000 resistance zone and the 15,000 support since the start of the year, with gains appearing to be corrective in the context of the near term down trend from June 2015 highs

Nikkei 225 Daily Chart: August 23, 2016