zcsniper
Long

USDJPY Long Term outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
1D Chart: The pair reconquered the $0,93 level which predicts further advances. A formation resembling a double bottom is visible on the chart and the moving averages further support the uptrend which could push the exchange rate as high as $0,94 in the near future. The $0,93 level and the moving averages should act as supports from this point on.
On a larger timeframe a channel might be developing between $0,92-$0,94, it might be worth to keep this in mind.

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zcsniper
2 years ago
Lol first publish... and I screwed up the title. This is what happens when you are thorough with one market more so than the other!
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ZenMasterFX
2 years ago
Good analysis! Be careful trading this area because its near the end of a trend. Might potentially see some downside. I will be focused on the 15min charts to confirm the movement.
+1 Reply
zcsniper ZenMasterFX
2 years ago
good call mate! I'll be doing about the same
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ZenMasterFX
2 years ago
Haha. Yea wrong title!
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zcsniper ZenMasterFX
2 years ago
^_^ I'm all about the yen pairs so I had usdjpy on my mind all week
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