Looking at USD/JPY I'm expecting it to rise because there is a very strong trend line support that would have been respected if not for the rising tension between North Korea and USA of a nuclear strike but now that this has blown over, USD can now resume its rising trend. The retail sales report released yesterday also suggests strength in the Dollar as the...
Gbp/Jpy is currently sitting on a weekly resistance. At the close of last week, we can see that market closed with the large red candle, which is a bearish engulfing. As a result of this we are expecting market to fall bull when we short market we are only expecting it to fall as far as the trend line or the level 141.133 with our stop loss at 146.513
Looking at GBP/JPY and There could be a possible Short. This is the weekly chart and we can see that market is on a weekly resistance. We also have a bearish engulfing which is confirmation that market will fall. If this candle closes as a bearish engulfing then this trade can be entered when market opens next week. However market is making Higher Lows, this is...
I recently entered a trade, Aud/Usd for a long position. If we look at the weekly chart we can see that Market has been ranging for several months between, 0.77747 and 0.71599. However Market has now broken through and we are expecting a continuation in the upward direction. If we step down to the daily timeframe, we can see that market has been forming higher...
I am currently looking at Eur/Cad(weekly) and its showing that the Euro is Likely to increase against the Canadian dollar. The chart is about to make a third touch on a trendline going in an uptrend as higher highs and higher lows are being made. The Chart is also currently on a Weekly support zone, giving another reason for an uptrend, I am planning to take this...
