I really dont trade crosses at all, but when I see a pullback cooking I take it. On NZDCHF I see a potential buy opportunity from 0.5350 targeting highs of 0.54160 Use proper risk amanagement and remember the spreads on crosses are high. Cheers
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
#GBPJPY... what a smoothly drop below your zone.. now market just 80 pips away from your target.. keep close your target it will be key level, that can change the story of GBPJPY. holding of your target mean again a bounce to sky otherwise drop to the bottom... trade wisely good luck..
Credit to Ron Westbrook, CBlast and Kiakili. This indicator is a re-engineering of their hard work. I Use the Sannin cloud to help determine the trend of price action. In theory the color indicates the trend direction. The VWAP 9ema Cross is still in BETA testing. In theory it will help determine faster term trend. This is one strategy used by Kiakili. Death...
• Ascending trend line since March 2022 still intact, tested today and acted as a support, prices bounced back up after touching it • Horizontal resistance line at 144 caping the upside, potential ascending triangle in play • Fifth time the ascending trend line is touched without being broken • As long as the trend line remains intact, up trend remains solid with...
CHFJPY broke the downtrend line Price is in an uptrend Pair is above the key level at 119.70 Price is above HVN at level 120.00 which indicates that the pair is in the accumulation phase Above SMA 100 It's expected to target resistance level at 121.00
Pair broke the downtrend line Price is above the key level at 1.3690 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 1.3830
AUDJPY broke the downtrend line Price is above the key level at 79.80 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 81.05
EURGBP is trading in uptrend Price is above the key level at 0.8560 Above SMA 100 MACD shows the start of bullish momentum Pair is forming ascending triangle pattern It's expected to target resistance level at 0.8660
NZDCHF broke uptrendline Pair is trading in downtrend Price is below key level at 0.6500 Price is below HVN at level 0.6528 which indicates that pair is in distribution phase Below SMA 100 RSI is below level 50 It's expected the continuation of bearish momentum to target 61.8% Fibonacci level at 0.6367
AUDCAD rebounded from key level corresponding to 50% Fibonacci level at 0.9245 Price broke the corrective downtrend line MACD shows bullish momentum It's expected to target resistance level at 0.9375
EURGBP is in uptrend Pair is above key level at 0.8550 Price broke upper limit of symmetrical trianlge pattern Above SMA 100 MACD shows start of bullish momentum It's expected to target supply zone at level 0.8670
CADJPY is trading in a downtrend Below SMA 100 MACD shows bearish momentum we r waiting for the price to break key level at 86.55 to open short trade It's expected to target support level at 84.70
EURGBP broke the downtrend line Pair respects uptrend line Price is above the support level at 0.8550 Above SMA 100 MACD shows weakness in bearish momentum It's expected forming bullish Elliot wave 5 to target level at 0.8640
CHFJPY broke a downtrend line Price is above the support level at 120.00 Price is above HVN at level 119.75 which indicates that the pair is in the accumulation phase Above moving average 100 It's expected to target resistance level at 121.10
NZDCHF broke the downtrend line Price is above the key level at 0.6300 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 0.6465
GBPAUD broke upper limit of symmetrical triangle pattern Above SMA 100 MACD shows bullish momentum It's expected to target level 1.9050
Pair rejected from 78.6% Fibonacci level at 0.9180 Price broke corrective downtrend MACD shows the start of bullish momentum RSI is above level 50 we r waiting for price to exceed the next resistance level at 0.9230 to open long trade It's expected to target the supply zone at level 0.9310