OnijayFX

OnijayFX

Pair going exactly as analysed in my previous post. We should be expecting a long term Bullish move since we now see a bullish Engulfing bar on the daily time frame

OnijayFX

The AUDCAD pair has been ranging for some weeks now. A new lower high has been formed after the pair broke the daily ascending trendline, and today's we can see a very big bearish candle breaking the daily range Support. If the Candlestick closes below the daily Support, then our bearish comfirmation has been verified.

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We're expecting a drop on this Pair due to the strong daily resistance it is currently reacting to. But looking at the monthly chart, we can see a hammer forming at a Support Level. This is a heads up for a long term Bullish and a short term sell

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A very strong bullish Candlestick has been formed on the weekly timeframe, closing above the daily resistance... This is a big bullish trend tendecy

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There has been a clear Bearish strength on this pair currently. The pair is now Retesting the Broken neckline of the double top on the daily timeframe. Also, a Bearish Engulfing bar had been formed at the 0.67536 RESISTANCE level on the weekly time frame. This is a good Indication for a Bearish Bias

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The USDCAD has been on a bearish trend on the daily timeframe for a while now. Since September, the bulls became very much aggressive and have been able to push the price of the pair a little bit higher closing at the 1.33842 daily resistance with an inverted hammer. There's high probability for a slight bearish move, thereafter the bulls Continues their domination

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The bears are unwilling to quit just yet. I think the sellers would still be on the Dominating side for some time. I'm expecting a Bearish trade all through this week.

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The EURJPY has formed a very big Bearish Candlestick on the weekly timeframe... This shows a strong amount of energy in the side of the bears. A head and Shoulder chart Pattern has been confirmed on the daily timeframe. There's high probability for the price of the pair to be pushed to the 122.760 daily Support. There after, if this Support is strong enough to...

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The pair has been unable to break the 2012 1.20193 Support turned resistance level. It's been showing an overbought signal on the weekly timeframe due to the multiple doji candles been formed on the 2010's 1.18692 Support which signals a weakening in the bullish strength. A head and Shoulder chart Pattern has been sighted on the daily time frame. If the neckline...

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The EURGBP pair had broken the daily resistance and is now head for another major resistance at the 0.93174 price Level There's high possibility for a Bearish retracement at this resistance level and a retest of the broken RESISTANCE There's also another possibility for the bulls to push the price above the 0.93174 resistance level and keep pushing it higher...

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