mumith3

mumith3

EURJPY broke upwards from descending trendline, retested and found a reversal pattern.

mumith3

Price action based breakout of historic levels and confirmation on a retest. Breakout level: Major historic level of 68.400 breakdowns below and retested. Falling star Doji on the retest. Upcoming NZ news will dictate the fundamental bias. Risk to reward ratio 1:2

mumith3

Technical MACD is over the zero line, indicating a bullish trend RSI hovering below 70 line pricing surfing below D1 and W1 descending trend line H4 Candles surfing on an ascending trend line if fundamental factors drive the price upwards and breakout above line 84.00, we might see a price hike to 85.500 zone given enough volatility if fundamental factors drive...

mumith3

Technical MACD is below zero level, indicates staring of a bearish trend RSI confusing as it is below 40 level indicating market a bit oversold which is conflicting to MACD Price is trending through an ascending channel in the weekly lookout. Given the fundamental factors drive price upwards, It might break above level 1.134450 and head towards the next...

mumith3

Technical MACD is showing sprouting and confused market momentum RSI is above 60 line, which means the market is a bit oversold. Candles are gliding below a descending trendline. According to fundamental factors, if they drive the price upwards, It'll cause the trend to reverse breaking the downwards channel and resistance line otherwise, if the fundamental...

mumith3

Technical RSI & MACD showing a growing trend Candles are surfing on an ascending trendline joining with a historic support resistance line. If fundamental factors drive the price down, NZDUSD might rebound from the resistance at 0.68250 and head back to 0.6700 zone But if fundamental factors drive price up towards a breakout, then in the event of the breakout...

mumith3

NZD exchange rates will depend on the following factors this week: April 2 (Tuesday) - • NZIER Business Confidence (QoQ) (Q1) • GDT Price Index The NZIER Business Confidence released by the New Zealand Institute of Economic Research shows the business outlook in New Zealand. The Business Confidence allows analysis of the economic situation in the short term....

mumith3

NZD exchange rates will depend on the following factors this week: April 2 (Tuesday) - • NZIER Business Confidence (QoQ) (Q1) • GDT Price Index The NZIER Business Confidence released by the New Zealand Institute of Economic Research shows the business outlook in New Zealand. The Business Confidence allows analysis of the economic situation in the short term....

mumith3

NZD exchange rates will depend on the following factors this week: April 2 (Tuesday) - • NZIER Business Confidence (QoQ) (Q1) • GDT Price Index The NZIER Business Confidence released by the New Zealand Institute of Economic Research shows the business outlook in New Zealand. The Business Confidence allows analysis of the economic situation in the short term....

mumith3

EURO exchange rates will depend on the following factors this week - April 1: i. PMI - Manufacturing (Spain, Itay, France, Germany, Greece) ii. Unemployment rate (Austria, Italy) iii. CPI (Composite+Core)-(Eurozone) For recent Brexit tension and other related issues, the manufacturing PMI has decreased significantly except for Italy for the last few months....

mumith3

GBPUSD Analysis in H4 chart Although technical Analysis is not properly following the market due to unstable Brexit issues, Due to Brexit leading to a no deal, we assume GBPUSD is going into bearish soon. Thus the idea is to find a trade opportunity corresponding to fundamental and technical aspects.

mumith3

GBPNZD broken out from an ascending channel. Thus it will go down to 1.88 level before going up again or breaking down 1.88 support level for a further dip down.

mumith3

Given that Daily candle closes as Bullish engulfing, EURUSD Long to atleast 1.14500 level.

mumith3

MACD histogram is near 0. So there might be Bullish reversal due to news. Or It'll be a horizontal channel breakdown to bear side.... Given the trend.

mumith3 Updated 

USDJPY analysis on monthly chart. Penant/Triangle forming Now. But as 105.000 Line is a very strong historical Support line, & as per market environment & Outlooks, I suppose USD will get stronger. Its mostlly possible for USDJPY going bullish for a good 3 month. Credits/Seed Idea : My Mentor

mumith3

Based on Simple Trendline breakout & Supply/demand zones. Price Action confirmation will determine if It'll go long or short. Sorry if My understanding is wrong. Newbie Trader. Let me know the views ^_^ Cheers.