ToniSignals

ToniSignals Mar 30, 2022

AUD/NZD is trending to the upside currently and has made a retracement back into a key pivot area, and the moving average ribbon (1H chart). We anticipate a bounce from these key support zones, targeting upside into 1.08550.

ToniSignals Mar 29, 2022

USD/JPY has formed a double top pattern today, having hit a 20 year resistance level. In addition, one of our algorithms has taken a sell trade, adding additional confluence to the short position. We are targeting downside to 121.300, and will be trailing stoploss at 50 pips above price.

ToniSignals Mar 29, 2022

EURCHF has rebounded out of the key resistance level at 1.030 prior to the EUR Consumer Confidence data today. Consumer confidence data is set to be released from both France and Germany today, and given the current tensions in the EU it is likely that consumer confidence will have plummeted. Negative consumer confidence will weigh on the Euro, particularly...

ToniSignals Mar 8, 2022

EUR/GBP has been getting slammed, mainly due to increasing tensions in the Ukraine. We anticipate the downtrend to continue, and current prices over a fantastic short opportunity. Currently retail sentiment is between 65-70% long. Resistances include the 0.8300 signficiant figure, the short term trendline, and the 50% fibonacci level.

ToniSignals Feb 22, 2022

AUD/NZD has approached a historical resistance level, and has now broken the support trendline. Price has performed a break and retest pattern of the support trendline and we're now looking for downside into the previous support zone.

ToniSignals Feb 6, 2022

EUR/USD is in a long term bear market despite last weeks rally. We have already seen the immediate bullish structure break at the previous resistance, and the RSI retracement has issued a large sell signal. We're looking for the EUR/USD to print fresh yearly lows and move closer towards parity.

ToniSignals Jan 21, 2022

GBPUSD is trading to the downside today after price has broken the ascending and corrective support trendlines. The UK parliament is in the process of outing PM Boris Johnson, giving the GBP some weakness, and Ukraine tensions are also boosting the USD higher. We're looking for a significant drop on the forex pair.

ToniSignals Dec 20, 2021

NZDJPY has broken the support trendline prior to the NZD Consumer Survey, which measures consumers sentiment towards the economy. Technically the pair has broken the ascending trendline, and the RSI is pointing to continued downside.

ToniSignals Dec 17, 2021

NZD/JPY is trading to the upside today prior to the ANZ Activity Outlook data, which is designed to provide a snapshot of business opinions regarding the expecting future state of their business and the New Zealand economy overall. Technically the pair has broken to the upside of the resistance trendline and has performed a retest pattern. We anticipate upside to...

ToniSignals Dec 17, 2021

GBPUSD is trending to the upside prior to the GBP Retail sales data, which measures the total receipts of retail stores in the UK. Technically the pair has performed a break and retest pattern of the resistance turned support structure. The RSI is holding at bullish levels, and we anticipate continued upside.

ToniSignals Dec 14, 2021

Price has held the fibonacci golden pocket as support, and is holding above the trendline support. We're looking for a sustained upside move into the 61.8% fibo extension level.

ToniSignals Dec 14, 2021

Price has broken the descending trendline after bouncing from the significant 0.70 level, a strong bullish indication. We're looking for support to form around the fibonacci golden pocket & to trade upside from this zone. Last week poor inflation & consumer confidence data dampened the USD. We are looking for price to retest support, and are looking for upside.

ToniSignals Nov 29, 2021

USD/JPY is trading to the downside following surprise positive data on the JPY Retail Sales, which shows the total receipts for retail stores domestically. We anticipate continued downside, as the RSI is holding bearish!

ToniSignals Nov 23, 2021

EURGBP is forming a corrective pattern after a bearish push, and we are looking for the downside to continue into the 0.83430.

ToniSignals Nov 23, 2021

GBPJPY is holding below the resistance trendline today prior to the GBP Markit Services PMI data today, which is an indicator of the economic situation in the UK services sector. Technically the pair is in a bearish structure, is holding below the trendline resistance, and is at 500 hour moving average resistance.

ToniSignals Nov 23, 2021

It's not so simple doing market analysis some times. What time frame should you use? What indicators should you have on your chart? What drawings should you make? Every forex "mentor" pushes their 'unique' strategy to profitably trade forex markets, however can you be sure that their strategy is truly profitable? Before you start trading a strategy live you...

ToniSignals Nov 22, 2021

Price has broken topside of a wedge pattern, and has retraced into previous structure and the 61.8% fibonacci retracement level as support. Price is also at the 50 & 100 moving averages as support. We're looking for upside from this zone.

ToniSignals Nov 22, 2021

USDCAD has traded into resistance today prior to the USD 3 Month bill auction which reveals the yield on the US Government backed security. Technically the pair has traded to the upside in an ascending wedge pattern, and is now finding resistance at the long term 61.8% fibonacci level. We anticipate a rebound from this level down to previous support.