NZD/JPY has been on three months ascending channel but luck ran out for the bulls as the market broke out of the channel after meeting strong monthly resistance, the market broke out and retested with a long bearish candle on the daily TF with the 200 EMA crossover to the downside. Reasons for shorting this pair;
1. Ascending Channel Break
2. A retest of the...
I have decided to return and begin posting my market outlooks on TradingView, to establish both my name and brand. Please ensure you follow my page for upcoming market breakdowns of the 9 currency pairs I trade.
To start off, here is USD/JPY. Following my usual analysis pattern I first established my bias across the higher time frames. On the monthly time frame,...
Has the #nikkei 225 recent spectacular bullish run come to an end, or just taking a breather before moving higher again? Momentum currently bearish as approaching psychological 22000 number. Cur trading 22028
Asian markets gained on Tuesday dismissing weak factory data in the Chinese economy while the dollar has decided to hold up with growth, as the investigation into Russia’s meddling wth the US presidential election led to former campaign manager Manafort charged with money laundering and tax evasion, promising more intriguing data on possible POTUS collusion with...
OBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.
1) Daily resistance zone
2) Downside shifts in MA's
3) Previous/ most recent daily candle closed below resistance zone
, if zone holds + break of ascending trend line shorts to 113.847
4) If support at 113.847 fails to hold further shorts towards 112.354
( May see price pullback into 114.467 when 113.847 is reached to accumulate shorts to take out the 113.847...