forexrockz

forexrockz

DXY is decreasing before going up again, and a pullback is due to minor support

forexrockz

Refer to chart

forexrockz

Minor TL broken Overall strength in JPY index Daily MACD indicating downtrend

forexrockz

Refer to chart

forexrockz

Typical H&S reversal pattern, the neckline has been retested

forexrockz

Weekly TL retested and on it's way down

forexrockz

Expecting price to push up for a double top, as the TL has been broken

forexrockz

Expecting TL to break - Daily and Weekly stochastic aligned - Price above the 200SMA indicating uptrend

forexrockz

Refer to chart

forexrockz

Refer to chart - 4H divergence

forexrockz

- minor trend line broken - continuation of daily uptrend

forexrockz

Daily EMA crossed to the downside and weekly stochastic not yet completed

forexrockz

Pullback is due for the USD, major support will need to be retested - now resistance - 4H divergence is evident

forexrockz

Wait for break in trend line for confirmation, but reasons for bearish trend - 2H price is below 200SMA - weekly stochastic indicating downtrend - weekly heiken ashi candle now indicating downtrend - price below daily Bollinger Band

forexrockz

I am expecting a slight pullback this week, but that would be counter-trend trading in my opinion and I will be looking to short instead Refer to chart for more info

forexrockz

Reasons for the bullish trend expectation - weekly wedge broken and retested on daily timeframe - double bottom - bullish engulfing weekly candle - price is above the 200SMA on 2H TF - 4H EMA crossed to the upside

forexrockz

Several factors indicate a downtrend for AUDJPY for the next week or so - weekly MACD divergence - bearish weekly candles - break in trend line - price below 2H 200SMA - 4H EMA crossed to the downside

forexrockz

4hr double bottom off support, expecting a pullback before further downside. Look to watch if price respects trend line