Ryanboyd

Ryanboyd Updated 

#ASX200 has tried numerous times to break and hold above the $7,500-7,600 level, with no success. This resistance zone has shown to be resilient, but these levels tend to eventually be broken. Will be watching key economic data over the coming weeks to see if there is anything strong enough to send price through this level.

Ryanboyd Updated 

Pricing has fallen out of the rising channel, under the 200 SMA and now broken through the first support level. With a retest currently playing out, there could be a flip from support to resistance and push price south. US FOMC meeting is on Wednesday, so this could dictate the direction of this pair. With a hold or cut, there could be a sell-off on the USD....

Ryanboyd Updated 

NZY/JPY is currently at resistance, which has held firm may times prior. Additionally, on the hourly we've seen price closed outside the bollinger bands, combined with the RSI in overbought territory. We have a few elements here that suggest we could see a bit of a pull back. Being optimistic on the trade size, but expecting a pull back of some sort.

Ryanboyd Updated 

Rising wedge formed on USD/JPY, with a possible short in play if we see it break down. Some clear target levels based on previous support and resistance areas. If we see a bounce on the lower trend, a short opportunity might be at the top of the wedge. This is purely technical, so will depend on macro factors.

Ryanboyd Updated 

BTC has broken out of a wedge, but the red line indicates the previous candle closed in overbought territory and could be due for a reversal. We could see a pull back before price then continues north.

Ryanboyd

After surging close to 4% since early July off the back of a weakening USD, the EUR/USD pair has stabilised around $1.123. With very little volatility seen this week in the pair, eyes now turn to the euro, as the European inflation data is set to be released tonight. Analysts are predicting a continued downward trend in inflation, with a Year-on-Year forecast of...

Ryanboyd Updated 

Price is currently running into some horizontal resistance + also at the neckline of an inverse Head and Shoulders pattern. If price can break through, there is room to run up to the next target / resistance level. DM me if you'd like to trade with one of the top CFD brokers in the world - GO Markets.

Ryanboyd Updated 

With US CPI due to land in the next 6-8 hours, I'm speculating that it will come in low and the USD will weaken off the back of it. Combining this with the Bank of Canada also announcing their next interest rate decision an hour and a half after US CPI, if they do hike rates I can see strength in the $CAD. Good pairs trade here for short USD/long CAD. Will...

Ryanboyd

The US Dollar Currency Index (DXY) has closed its fourth consecutive day in the red, reaching levels last seen in early May 2023. Despite the recent decline, the DXY is coming into support around the 100 level, which has proven to be a resilient bounce point multiple times. However, each bounce appears to be getting smaller, which might indicate growing downward...

Ryanboyd Updated 

After a strong bounce off the support level, we could see price continue up to the recent resistance zone that has held strong a few times over the past couple of days. Not the best R:R trade setup, but could work out well based on the last few candles.

Ryanboyd

After coming in to touch a support level, AUD/JPY has begun to bounce north. Long from the support zone with a fair bit of free space above before the next resistance zone

Ryanboyd

USD/AUD currently under resistance again. This morning we saw price push up, tap resistance zone and fall. I will be watching to see if price consolidates temporarily before going again towards that resistance zone or if price will simply fall away. DM me if you want to discuss getting setup with a global CFD/FX brokerage with some of the best spreads,...

Ryanboyd Updated 

USD/AUD coming into diagonal resistance, we could see it rejected and falling away. If we break through, there is room to move up to the next horizontal resistance zone.

Ryanboyd Updated 

LTC has seen a nice wick down to grab liquidity just under the previous resistance/support level. If this 12 hour / 1 day candle closes around this level, it could be a nice long setup with the resistance flipping to support.

Ryanboyd

AUD/USD continues to head sideways within a range that has stuck since the start of March. A couple of fake out attempts in either direction, but still no clear and sustained breakout. Currently sitting at the midpoint of the range, I'd be looking to zoom in on lower timeframes to try and catch a trade from the mid point to the upper/lower bands whenever it...

Ryanboyd

NZD/JPY is back at resistance on a monster triangle that kicked off in 2007. This is a high timeframe view, so nothing will play out quickly here. Potential to drill down to lower timeframes and use price action to look for a reversal and then enter into a short if the opportunity arises.

Ryanboyd

Bouncing off the 0.618 FIB level, we could see momentum continue north for gold over the coming week. There isn't too much space before the next resistance level, but something to watch

Ryanboyd

Technically speaking, we could see price fall back towards the horizontal support level after rejecting again off the diagonal trendline. OPEC meetings ongoing, so any major news events from there might cancel out and technical setups