OnijayFX

OnijayFX

The AUDCAD pair has just tested a resistance level and is currently reacting to this level. A strong movee to the downside is expected on this pair. The next Support is at the 0.92407 price level, I expect a swing down to this price level

OnijayFX

GBPJPY is currently on a confluence zone consisting of the weekly descending trendline and resistance region. The market tested this confluence area with an inverted hammer on the weekly timeframe which is a strong bearish Indication. Currently the market is facing a very strong bearish pressure, I expect a slight retracement to the upside after this Bearish...

OnijayFX

The USDCHF pair has been ranging on the daily time frame for write some time now. Last week, we saw the bears flexing their muscle and successfully breaking the range Support to the downside. Looking at the monthly, weekly and daily timeframe we can see that the market is clearly dominated by the bears. For this week, I expect the price to retrace back to the...

OnijayFX

The pair has broken the 125.028 price level which has acted as a very significant resistance level in the past. Looking at the monthly and weekly timeframes a Bullish Engulfing bar has been formed and coming down to the daily timeframe the market has formed an inverse head and Shoulder which is a clear Bullish Indication. A slight retracement to the neckline of...

OnijayFX

Currently ranging, the market has been able to rise to the range RESISTANCE and is having some trouble going any further. A good bearish Indication which is the inverted hammer has been seen on the daily time frame. A breakout of the 4hrs ascending trendline would prompt my sell order.

OnijayFX

The AUDUSD pair has been ranging recently. Last week, the pair was mostly dominated by the bulls but was rejected when it got to the range RESISTANCE hence closing below the resistance. Currently, the market is reacting to the resistance level and a Possible bearish move is expected on this pair.

OnijayFX

A massive decrease in bearish strength has been seen on this pair as it revisits the broken daily resistance which is now possibly acting as a potential Support. A good comfirmation on the 4hrs timeframe will trigger my buy entry

OnijayFX

EURCHF is now Retesting the Broken range Support with an inverted hammer on the daily timeframe, which is a good comfirmation for a bearish move. A swing low is expected to the 1.06121 price level.

OnijayFX

The AUDCAD pair is now revsiting the broken range Support.. The broken Support is expected to act as a strong resistance and a bearish Continuation is expected on this pair ..

OnijayFX

The pair is now revisiting the broken range Support... A bearish Continuation is expected on this pair ..

OnijayFX

USDCAD has been able to break the range resistance last week after facing a long term Bearish movement and we can still see the pair moving upwards. A double bottom has been formed on the daily time frame which indicates a possible bullish Reversal. A retest of the double bottom's neckline is Expected thereafter the pair would continue upwards.

OnijayFX

On the weekly timeframe, we can clearly see a rejection to the done side when the price approached the 137.598 price Level. The market has just broken the trendline of the ascending trendline on the daily timeframe ( and is probably trying to come a double top chart Pattern) and has Retested the broken level with a Bearish Engulfing bar on the 4hrs time...

OnijayFX

EURUSD pair has been ranging within the 1.18300 resistance level . On the 26th October, the parish broke this minor resistance and continued downwards. Since the pair has now close below the 1.18291 daily resistance, we expect to go short after seeing a retracement on the 4hrs Timeframe

OnijayFX

EURAUD that has been ranging on the daily timeframe for quite some time now has finally broker the range resistance wnd closed above it yesterday. Before I go long on this pair, I'd wait for a slight Corrective move back to the range resistance so it would act as a Support then I would jump in. If you love my Analysis please support it with a like.

OnijayFX

A new lower high has been formed on the daily timeframe. Looking at the weekly timeframe, we can see a clear bearish Engulfing bar testing the resistance level. I would be expecting to go short on this pair after seeing a clear signal on the 4hrs Time frame

OnijayFX

A strong Bearish pull was seen on this pair last week. The bears are not ready to give up just yet, as seen on the daily timeframe, a complete head and shoulder have been formed indicating a possible stop to the long time bullish run. In this new trading week, I'm expecting a Bearish movement on this pair.

OnijayFX

A clear head and Shoulder has been formed on the daily timeframe. Last week, the Broken neckline of the head and Shoulder was Retested. Showing a strong bearish bias. Also, a Bearish Engulfing bar is seen on the weekly timeframe.... This is a good Bearish strength on this pair.

OnijayFX

The pair has closed above the daily resistance and a clear Inverse Head and shoulders can be seen on the daily time frame. This indicates a possible Bullish move on the GBPUSD pair. Although a slight Corrective move to the Broken resistance is expected to serve as an entry signal .