The price touched the big up trend channel bottom line area, It could be in the timing of turning to another direction. In daily time frame, Slow Stoch and RSI are both in over sold level and try to turn to North. Short term target position could be 1.1428 on April 18, 2024 on the channel middle line. Long term target position could be 1.2418 on Jun 19, 2024...
In a very very long term time frame (Monthly), the JPY pairs could be in a very important breakout position and time now! and maybe really need to watch out! The price has touched and closing to two long term channels pressure lines crossing area. If this time, it could be able to break out to North, then, it is break out two long term pressure lines and the...
In daily time frame, the price would try to touch the important resistant level which it has tried on Oct 24, 2022, Nov 14, 2023, this is the third time try to touch this resistant level. The interval between the previous two tries is almost one year, but the current third try just about 3 months after the second try. It looks the price has strong intention to...
The price is running inside both of a middle term down trend channel and a long term up trend channel. It is in the top area of the down trend channel but in a bottom area of the up trend channel. Current it is the fourth time tries to break out the North in a short term resistant line. If break out this resistant line, it possible will also break out the down...
Previous Long AUD/USD strategy got broken even though RSI, SlowStoch are both in over bought level in daily time frame, so, think another way, it could be a strong dropping. There is one long term down trend channel and the price is moving back and inside the big down trend channel top area, it would still have big dropping room inside this down trend...
Current market is positive, since JPY pair could be continue to North. The AUD/USD is still moving inside a big triangle pattern bottom line area. There is clear divergence pattern generated in RSI and Stoch in Daily timeframe. Try to long AUD/USD similar as long CAD/USD. Take profit target could be the big triangle pattern top line area, which also could be a...
GBP/USD touched a big up trend channel bottom line area and break out the short term down trend line to south. Current market is positive. Based on timing, it could be time to North and the target take profit place is the big up trend channel top line area.
In day time frame, the AUD/CHF is showing divergency in RSI. SlowStoch and RSI are both in over sold level and turned with same timing. The price is moved out from a middle term down trend line, and it is supported by previous Triangle pattern bottom line level. It is not bad to try long based on the patterns.
In daily timeframe, the CAD/CHF is showing clear divergency in SlowStoch, company with RSI with same timing, both in over sold level and turned to North. The price has touched the long term down trend bottom line, it could retrace to the down trend top line area on Feb 26. Stop if the price break down the down trend channel bottom line level. Similar long trade...
In a failure Divergence pattern, "RSI" and "SlowStoch" indicators did not keep moving up and broken the previous up trend support lines. It could be a warning to exit the long trade. In a correct Divergency movement, the Price was positively moving to correct direction without broken the support line in "RSI" and "SlowStoch" indicators.
The "SlowStoch" was crossed in a over bought level in correct timing, however, the price did not positively move to North with reasonable power and space, compared with previous movement rhythms, which foresee the previous plan could be incorrect. Exit the long order trade at that moment could be correct decision.
The price retracted back to origional break out position, but it is still staying outside the long term up trend channel, the up trend channel bottom line works as pressure line now. SlowStoch is in over bought level and RSI touched the middle level which works as pressure line now. The movement is matching the timming and it could start the third wave to South...
The price has retracted to previous support line, which works as pressure line now. In long term, it is still inside a down trend channel and the price has touched the down trend channel top line area. SlowStoch is in over bought level in 16 hours time frame. Try to open short orders and continue short JPY pairs in long term. It could start the third wave to...
It looks the CAD/JPY or other Japan Pairs has divergence pattern shown up between real price movement and RSI. CAD/JPY was showing more clear divergency scenarios in daily time frame. There could be multiple Cypher Patterns generated in CAD/JPY. The price just touched a long term pressure level, and tried to break out to North, but now it is going back below the...
The price has touched the long term big sideway channel bottom line area. There are some support in this area, so the price is wondering in this bottom area. The RSI and Stoch RSI indicators in 16 Hours timeframe are showing divergence pattern. I predicate the price would go to North and the idea take profit area is the big side way channel top line area on Feb...
The price has moved out from the long term down trend channel top channel line and a short term triangle pattern. Further, inside the long term down trend channel, it has completed a five wave movement. So It could start a break out to North. The middle term ideal take profit area would be the 0.618 retraction level at 2024 May. If the price moving back to...
In 4 hours time frame, the price movement actively responses to over sold and over bought signals in RSI and SlowStoch indicators. The SlowStoch already crossed in a over sold level in 4 hours time frame, but RSI is turned to North and it does not touch over sold level. It is possible the price will start significant sideway movement for a while. Try sideway...
The price would break down the long term up trend channel bottom line. The fifth wave has finished and start the down trend in long term. Based on previous 5 waves up movement, the previous drop down was back to the #2 support point, the current movement idea target position could be 130.75 around 2024 Feb