A nice breakout in USDHUF. A sort of inverted head & shoulder structure has appeared. The day is not over yet, but I guess the close will stay above the breakout line.
Perhaps not a very perfect set-up but you may consider buying natural gas now. It seems to be trending in a small channel. If you do not want to enter the futures market, try e.g. UNG (natural gas ETF).
Bearish Engulfing candlestick formed after yesterday's close ( at a few resistance lines). For me it looks very bearish. I am shorting the pair with stoploss above the resistances.
USDJPY closed yesterday above resistance (that has a long history and has been "touched" many times). Consider buying now (today the pair has dipped a bit and this gives you an extra edge). Set your stoploss a bit below the resistance (well, Yen is quite volatile so maybe more than just a bit :)) and take profit way above 113.
It looks like NZD/JPY has been forming the inverted (bullish) head & shoulders on the daily scale (well, the pattern is not a "textbook H&S" but I guess it may qualify). Consider buying!
Please note the behaviour of RSI(14) when you look at the recent weeks (in S&P 500 index). RSI seems to hit a resistance now (that was previously a support). I wonder if it just a coincidence :)
EURSEK is close to the support and seems to bounce off from it. There is a "red" resistance on its way that has a long history so do not try to short before this resistance is breached :)
As many of you have surely noticed, USDJPY is touching the resistance. Mathematically the resistance lies precisely on 112.99 (today) or 112.93 (tomorrow) (a linear function between the two highest tops on January 3 and March 10)
A descending triangle in 1h scale in Polish zloty. Note that on a larger scale (daily or weekly), a breakdown across a support occurred a few days ago.
