• AUD/JPY: Short-Term Upside

    AUD/JPY: Short-Term Upside

    • December 16, 2024

    The AUD/JPY (Australian dollar versus the Japanese yen) has begun exhibiting bullish intent since printing a bottom at ¥95.52 earlier this month. However, while defined higher highs and higher lows are visible, a pennant pattern is forming. This demonstrates that although price action is establishing higher highs, upside momentum is slowing and technically suggests that

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  • NZD/USD Bears Remain in Control

    NZD/USD Bears Remain in Control

    • December 13, 2024

    Since early October, sellers have largely taken control of the NZD/USD (New Zealand versus the US dollar) and sent price to lows not seen since late 2022, with limited pullbacks seen. Overall, the currency pair is down nearly 10% from October highs. Ichimoku Resistance Supporting Sell-On-Rally Setups What is technically important to recognise is that

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  • ECB Cuts Rates by 25 Basis Points and Opens the Door for Further Easing

    ECB Cuts Rates by 25 Basis Points and Opens the Door for Further Easing

    • December 12, 2024

    The European Central Bank (ECB) reduced the Deposit Facility Rate by 25 basis points (bps) to 3.0% today amid easing inflationary pressures and faltering growth. The rate cut also marks the central bank’s fourth rate reduction this year, with the interest rate at its lowest since early 2023. This also followed the Swiss National Bank

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  • The Pattern Pulse – 12 December 2024

    The Pattern Pulse – 12 December 2024

    • December 12, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Pennant Pattern Completion for the Dollar Index Daily Timeframe: Since October, the US Dollar Index has rallied nearly 6.0%, forming what many technical analysts will recognise as a Golden

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  • AUD/JPY Bears to Fade Upside Momentum?

    AUD/JPY Bears to Fade Upside Momentum?

    • December 9, 2024

    Price action on the daily timeframe of AUD/JPY (Australian dollar versus the Japanese yen) traded strongly to the downside in the final week of November. This followed a slow and gradual pullback since August. Closing in on Resistance Recent price movement has seen the Ichimoku’s Conversion Line (blue at ¥97.37) cross beneath the Base Line

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  • BTC/USD Breaches US$100k: Where Next?

    BTC/USD Breaches US$100k: Where Next?

    • December 5, 2024

    BTC/USD (Bitcoin versus the US dollar) has made north of US$100,000 following a brief consolidation just beneath the number in the shape of a pennant pattern. Year to date, the major Crypto pair has risen by nearly 150%. Following Donald Trump’s US election victory, BTC has strongly outperformed and, over the last 24 hours, received

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  • SOL/USD Working with Clear Pennant Pattern

    SOL/USD Working with Clear Pennant Pattern

    • December 4, 2024

    Following an all-time high of US263.72 in November (up 45%), SOL/USD (Solana versus the US dollar) price action on the daily timeframe is in the process of drawing up a pennant pattern between the record high and a low of US$220.78. Pennant Pattern and Ichimoku Support Combination What is interesting here is that the pennant

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  • The Pattern Pulse – 4 December 2024

    The Pattern Pulse – 4 December 2024

    • December 4, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Showing Scope to Explore Higher Terrain Monthly/Daily Timeframes: With room for monthly price to run for resistance at 109.33 and the daily timeframe rebounding from support between

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  • XRP/USD Rally to Continue?

    XRP/USD Rally to Continue?

    • December 3, 2024

    Since November, the price of Ripple (XRP) versus the US dollar (USD) has rallied more than 450%. It is safe to say that the trend in XRP/USD is to the upside for the time being and traders will likely bid any corrections, particularly from support. You will see that from the end of November, price

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  • Week Ahead: US Jobs Data in Focus

    Week Ahead: US Jobs Data in Focus

    • December 1, 2024

    The first full week of December places the spotlight on US jobs data. Employment metrics from the ISM (Institute for Supply Management) manufacturing and services PMIs (Purchasing Managers’ Indexes) land on Monday and Wednesday, respectively, JOLTs data (Job Openings and Labor Turnover Survey) airs Tuesday, ADP jobs numbers (Automatic Data Processing) are out Wednesday, weekly

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  • Ascending Triangle Forming on DOG/USD

    Ascending Triangle Forming on DOG/USD

    • November 28, 2024

    Since November 12, the price action of DOG/USD (Dogecoin versus the US dollar) has formed what many technical analysts refer to as an ascending triangle between US$0.4381 and US$0.3006. Although this pattern is generally seen as a bullish continuation formation, there are occasions when it may indicate a reversal instead. Should a breakout to the

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  • The Pattern Pulse – 28 November 2024

    The Pattern Pulse – 28 November 2024

    • November 28, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: NZD/USD Hugging Range Support Monthly Timeframe: Following the Reserve Bank of New Zealand opting for a 50 basis point rate cut this week, the NZD/USD (New Zealand dollar versus

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