Euro / Japanese Yen
8 Major Currencies 01/12/2023 Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): AUD Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
My beloved monthly timeframe! RSI bullish divergence as depicted by the disagreement between the price plot and the RSI plot. Also noteworthy is the fact that this trading pattern was formed against a long term value-support area. Note though that trends are powerful, they require a lot of capital to die ... and this market is still officially in a downtrend....
8 Major Currencies 01/06/2023 Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): USD AUD Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
Tp 0.0073495 Entry 0.00725 SL 0.00721 Biased to go long as it is making continous HHs and HLs
Seems ready to explode higher at some point in December into 1Q23
I'm playing the trend breakout, We can see that we hold the 0.382fib level and had a nice bounce from it, good sign for continuation. I'm targetting the range high, with stoploss below the low of 0.382level.
For more Daily Detailed Analysis, Click the follow button. Here we have our EURJPY chart. As of late we have seen a push above the recent trendline and some price rejection. We are far off our Moving averages and can look for a fall to the first exit zone. Use other timeframes and short on any push up.
Starting with the 4 hour timeframe, the yen is finally starting to show some life as the oscillators give several indications. On the larger timeframe (reference charts below) you can see we're also testing the descending support. For now, I'm not suggesting a complete a reversal put a possible pullback towards the mid-channel pivot is warranted. Let's now take a...
Seems like it is going to be a formation of 3 White Soldiers. JPY is on strong position.
After It performed a triangle completely it's time to break to the target of the width of the triangle itself.
look for the smaller pattern to play out and then the bigger one , so one more move to the downside expected AUDJPY still the same based on the AUD and JPY currency analysis
Support & Resistance levels, general trend line with clones, and liquidation pools
Yes. Fibonacci alludes to some suitable goals. None of this is financial advice, do your own research.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
Hello Traders Investors And Community, Welcome to this analysis where we are looking at JPYEUR 4-hour timeframe perspective, the recent events, the current formational structure building up, what to expect the next times, and how possible entries can look. JPYEUR is still moving in a downtrend where it can form now the decisive reversal-formation which can...