USD JPY analysis from September 10, 2017 to current date is carried out on a 4 hour time frame. Analysis and commentary is provided below based on the numbers indicated on the chart.
(1) The main trendline (in color red) of the USDJPY starting from January 26, 2016 (not shown here). The only pivot for price that meets with the bearish trendline shown here is...
We have a possible scenario that USDCAD will be going up from that support line @ 1.29891 and we will have a nice bounce of 50 pips+ of profits. I will for sure keep this one updated.
Previous analysis calling for a short (sell) trade entry for Cardano can be found in the link provided below. Cardano (ADABTC) and its current bearish trend is explored in this analysis on the 4 hr time frame using one of the best tools for market analysis…trendline.
Numbers marked on the chart are discussed in the commentary below:
(1) Bearish trendline on the...
Jens Wieldman (President of the German Federal Bank) stated earlier today that the European Central Bank (ECB) is on course for tighter monetary policy, which triggered the recent gains in Euro Dollar (EURUSD) and other EUR currency pairs and crosses.
As the United States and China are due to begin negotiating tomorrow over the current trade dispute USD weakened...
SELL
Currency Pair: USD CAD Trend Predicted: UP Trend, SHORT. All major indicators are showing a Strong UPtrend of USD CAD. USD Dollar is showing strong after technical and fundamental analysis. Multiple indicators have been used to test the strategy. More updates will be available shortly.
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart...
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart...
NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.
Hi my friends,
This is our new pound trade,hope be successful at the end.
First of all this trade must start after first reversal in RSI Daily and when RSI can break line i draw in 4H.See charts bellow:
If it can't achieve,we will drop from channel to test yellow box bellow ,as support.See chart bellow:
I will update this idea and notify new signals.Do not...
Price is approaching our first resistance at 0.9984 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might drop to its support at 0.9910 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias....
LTCUSD is approaching our first support at 67.16 (161.8% Fibonacci retracement, Elliot wave structure) where a strong bounce might occur above this level pushing price up to our major resistance at 72.55 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and seeing a bullish...
EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue).
Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).
I have taken this trade on the fakeout. Position is covered w/stoploss in profit. With FOMC and big fundamentals week I believe we could see further strength in the dollar leading to a breakout in this triangle formation.
President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies.
USDJPY reached its 4hr resistance, which was tested...
