AUDJPY looks heavily oversold with clear rsi divergence.
we have a completed head and shoulders pattern on 4h chart.
if bulls break a neckline, we have a high chance to see a pullback to higher levels.
On the Weekly chart, we have a bearish candlestick pattern called Evening Star. It got a rejection from very important levels as a trendline since 2018 March, yearly highs and lows, round number and 50EMA.
On the Daily chart, we can see that the major counter trendline...
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and...
Prices settled on a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium : A reversal can occur driving the price higher.
Possible targets : @0.68000 (+80pips)
Advice : Stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Correlated pairs : NZDUSD...
Markets actively discounted under the monetary policy turn in the United States. In this light, the current decline and weakness of the dollar are quite understandable. On the part of officials, comments about a possible rate cut sound more and more actively. In particular, recently the St. Louis Fed President Jim Bullard, said that lowering the rate may be...
A 4-hourly chart shows a potential bear bat setup, at 12.30pm(+8GMT) there will be an Australia Bank Interest and I do see a potential of rates cut.
I, already have my trade plan, have you?