At the time time of writing this analysis, the US Dollar currently trading at 110.775 against the Japanese Yen during the London Session.
We required a break of our support at 110.000 where we could see a new leg to the downside however we have bounced off of support fairly well.
Starting on the weekly timeframe we can see price had a massive sell-off last week...
What a week for the Yen! Following alongside AUDJPY, CADJPY is also looking bearish.
On a monthly level, this pair was able to achieve highs of 85.242 before plummeting over 200 PIPs. Price could potentially engulf the body of February's price action.
Last week's candle closure was a key indication that our bullish rally from year start was coming to a halt as...
Leading into this morning's London session the Swiss Franc -at the time of writing this- trades steadily against the Japanese Yen at 110.15.
Taking a look at the weekly timeframe we have been trapped since the flash crash at the start of the year. With a violent spike to the downside of 350 PIPs on the weekly taking a look on the daily timeframe, we have been...
Gold past week has found itself in a wedge pattern awaiting a breakout in either direction now breached below. We have still failed to see the chart print a new higher high indicating the Bulls may be running out of steam. As you can see from the chart it is possible to trade the market during these periods of indecision in either direction. The price has breaked...
Following its peak of 97.71 on December 14th the US Dollar Index has made a steady decline hitting lows of 95.64, this level has not been active since mid-late October. The 4-Hourly timeframe is beginning to print confirmed lower lows and lower highs solidifying that there is at least a short to medium term Bearish trend in play. At the time of writing this, the...
Most common yet powerful chart pattern Support turned resistance . Price tested and rejected already. melting to form double bottom on bigger timeframe.
It will be a holiday week for the EURUSD and thus EURUSD will be very little affected with extremely low data releases.
The EURUSD was appreciating steadily last week for 4 consecutive days and finally plunged on the last trading day during the past few hours before the week ended.
This is largely due to the closure of long positions held through the week.
The...
Two Confluences;
1 - Price in Descending Channel
2 - Price in Supply Zone
Warning: Just traditional analysis as you see on google or other trading related material.
Trade at your own risk.
Manage your position and try to stay in the game.
