USDJPY Sell Idea. Lets see if this downside pressure will continue. Opinions welcome.
AUDJPY long trade idea. The market has been rising and we have respected the horizontal level marked on the chart. As long as support holds, the trade should perform well. Lets see how it goes.
The USD Index is possibly the most important indicator when currency trading. I will watch this as an indicator only. On the Monthly time frame we are in a clear up trend. On the Weekly time frame you can clearly see that we have dropped from 103.00 to 96.30 level. We could go lower around to the 94.80 level. On the Daily time frame we can see more...
Here is an area where we could possibly see a bounce. We can also break down and keep moving lower. Overall trend is down.