Amazinghong

Amazinghong

EURJPY ranging between 121.7 and 123.7 so far...after deflected at resistance at 123.7, the price action now heading back to 121.7 level again with few support level at 122 to 122.4 area waiting to be break. If 121.7 able to hold, the price will be back to test resistance level at 123 to 124 area. Currently, the yen is slowly regain strength and with Euro without...

Amazinghong

We are able to see USDJPY bounce off at 117.5 after a rally from last friday NFP result and formed lower high. Moving forward, key level to see at support 115 and any higher key level price support to prevent USDJPY falling further. 115 might be a key level for the price to be supported temporary before retest at 116 and if resistance seen at that area, USDJPY...

Amazinghong

USDJPY undergo selling momentum and manage to break 116 level for the first time. Key level to watch on the momentum continuation and 116 support turn resistance is a key price action to watch. Once retest successful, the selling momentum should continue to 114.8 to 115 area before back to old time support 114 and 113. Key thing to take note is key data like ADP...

Amazinghong

USCNH undergo high volume selling and plunge close to 1%. Now reaching key level of support. Once the support level break expected a lot of space to drop before reaching 200MA area at 6.71 to 6.74 support area. Key thing to take note if the selling momentum continue for the week might raise bearishness for other USD pairs too and opportunity for short seller to come in

Amazinghong

Head and Shoulder Pattern formed at EURJPY, key level to watch@neckline 121.7. Once break heavily expected potential retrenchment to 120.5 area and possible further down to 119.5 to 120 area where daily 50MA and 200MA will be tested

Amazinghong

Accumulation interest can be seen below 1130 area where now form a demand zone. The first long term downtrend since Nov presidential election has been broken. With confluence of S&P 500 head and shoulder pattern, potential price upward momentum to test back 1137 to 1142 area and second downward trend-line is highly possible.

Amazinghong

From 4 hours chart we are able to see Head and Shoulder Pattern formed and the price face difficulties to create new high. With christmas coming and year end coming soon, expected some players taking profit, key level to watch is whether it will break the neckline around 2255 to 2261 area heavily. If this happen the price might test daily 20MA@2235 (high...

Amazinghong Updated 

Price rejection happen on 15 minutes time frame after BOJ interest rate decision announce. Potential downward momentum continuation to test 4 hours 50MA at 116.2 area.

Amazinghong Updated 

Gold reach pennant area where key price action going to happen. At 1 hour time frame we are able to see higher high and higher low which might symbolize a potential reversal to the upside where the price action going to test few downward trendline and key resistance.

Amazinghong Updated 

USDJPY rally strongly upon FOMC rate hike annoucement. USDJPY broke down 20MA on 1 hour chart several time and act as resistance for it going upward. From 4 hour chart the bearish momentum start to form and might show profit taking for the week. Time for it to retest 4 hour time frame 50MA (around 116.7 area). If it manage to hold, the rally seem got potential to...

Amazinghong

There is unusual market movement going on, the yen (safe haven) start to gain purchasing power, although S&P 500 index keep creating new high, VIX is also increasing with volume supporting (which normally it will going down)....which symbolize high volatility ahead. Technically, this is not a norm as breaking 2190 and heading to 2210 with 2195 retest, market...

Amazinghong

Profit taking happen on Dollars and cause a downward momentum going to happen on USDJPY. As previously a lot of resistance breakout happen, now is time to retest on all those resistance, key level to watch is 113 then 112 then 111. If 111 manage to break then will retest 100 before going back to 108.5

Amazinghong Updated 

I am on the bear side . It has a nice Pin of bearishness 2 weeks in a row. It is nice to Short and Add short only. 0.7690 is easily on sight. The recent MoM and YoY retail sales for GBP is better than expected and fundamentally strong. In fundamental wise, people are talking about EU referendum , that will be coming up in June.

Amazinghong Updated 

I am on bear side . It has a nice Pin of bearishness (Price Rejection) 2 weeks in a row. It is nice to Short and Add short only. 0.769 is easily on sight. In fundamental wise, people are talking about EU referendum , that will be coming up in June.

Amazinghong Updated 

UJ bullish momentum continue with dollar in strength, Overall stock market bullish and lead to traders and investor shift out their position in safe haven and lead to jpy further weakening. The price has come to 110.X level where multiple resistance is awaiting it to challenge. From 4 hours time frame we are able to see the bullish momentum has lose steam, demand...

Amazinghong

The support well hold on 1.055 area. Expected a rebound toward upside. First resistance on 1.072,if manage to break, next one will be 1.082, retest 20MA resistance.

Amazinghong

The price range 42 to 44 show that the demand has overcome the supply and is consolidating with upward tendency. The support is well tested too with the dollar strength has hit new high. Once 46 price level break, chances to retest its 50 price level resistance is very high.