AUD/USD extended its decline following hotter-than-expected US inflation data, falling below key support at 0.6892.
Technical Analysis
About Crispus Nyaga
Crispus Nyaga is a Technical Analyst at DailyForex with more than eight years of experience as a financial analyst, coach, and trader. He specializes in technical analysis of major currency pairs and cryptocurrencies, using chart patterns, trend structure, and key indicators to frame trading scenarios for Forex and digital asset markets. Crispus has worked with well-known brokers including ATFX, easyMarkets, and OctaFX, and his market commentary has been published widely on platforms such as Seeking Alpha, InvestingCube, Capital.com, and Invezz.
Areas of Expertise
- Forex trading and major currency pairs such as EUR/USD, GBP/USD, and AUD/USD
- Technical analysis and price action trading
- Cryptocurrency markets including BTC/USD
- Chart patterns such as flags, channels, and triangles
- Trend analysis and moving averages, including EMA and Supertrend-based setups
- Scenario-based trading signals with defined entry, stop-loss, and take-profit levels
Professional Background
- Technical Analyst at DailyForex, publishing regular Forex and crypto signals and forecasts on pairs such as EUR/USD, GBP/USD, AUD/USD, and BTC/USD.
- Financial analyst, coach, and trader with over eight years in the industry, combining market analysis with trader education.
- Experience working with leading brokers including ATFX, easyMarkets, and OctaFX.
- Widely published contributor on platforms such as Seeking Alpha, InvestingCube, Capital.com, and Invezz, where he covers currencies, indices, and cryptocurrencies.
Financial Qualifications
- Extensive hands-on trading and analysis experience across Forex and crypto markets, with a focus on technical setups and risk management.
Education
- Developed his analytical and coaching skills through years of work in financial markets and trader education, building a practical, pattern-based approach to technical analysis.
Media & Industry Features
- Analysis and trading ideas published on well-known financial and trading platforms including Seeking Alpha, InvestingCube, Capital.com, and Invezz.
Podcast & Market Commentary
Crispus provides regular written market commentary at DailyForex, where he explains how chart structures, economic data, and risk sentiment shape opportunities in pairs like EUR/USD, GBP/USD, AUD/USD, and BTC/USD. His signals include clear trade parameters - entry zones, stop-losses, and take-profit levels - so traders can see how technical patterns translate into actionable scenarios.
Trading & Market Philosophy
Crispus’s trading approach is built around technical structures and disciplined risk control, using patterns such as flags, channels, and triangles along with moving averages and indicators like the Supertrend to define bias and invalidation levels. He focuses on mapping bullish and bearish scenarios with clear levels rather than predicting a single outcome, encouraging traders to respect trend, volatility, and key support and resistance zones.
Latest 12 Articles
Bitcoin extended its decline to around $72,600 as hotter-than-expected US inflation and continued ETF outflows weighed on investor sentiment.
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GBP/USD declined following stronger-than-expected US inflation figures, which increased expectations of further Federal Reserve tightening.
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AUD/USD retreated from its weekly high as traders awaited US inflation data, despite stronger-than-expected Chinese trade figures.
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Bitcoin extended its decline as the Crypto Fear and Greed Index fell into fear territory and spot Bitcoin ETFs experienced further outflows.
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EUR/USD traded cautiously on Tuesday ahead of the US inflation report, with the recent euro recovery showing signs of losing momentum.
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AUD/USD extended its decline to 0.6862, its lowest level since April, after stronger-than-expected US employment data increased expectations of further Federal Reserve tightening.
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Bitcoin remains under pressure following stronger-than-expected US employment data and reported outflows from US spot Bitcoin ETFs.
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GBP/USD reversed from its recent high near 1.3501 and slipped toward 1.3350 following the Bank of England's rate decision and stronger-than-expected US employment figures
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Bitcoin recovered to approximately $80,510 following the US midterm elections, rebounding from this week's low near $75,800 as risk appetite improved
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GBP/USD climbed toward 1.3500, its highest level since mid-September, as traders prepared for the Bank of England's anticipated interest-rate increase. Technical indicators continue to favor further gains toward 1.3600
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EUR/USD traded in a narrow range near 1.1234 as investors awaited Friday's US nonfarm payrolls report.
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