It is evident that AUDUSD has been downtrending ever since it hit Resistance on a Daily timeframe, to date 26 Jan '18. Until another Resistance was found on the Downward Channel around just below 0.73500 zone. The SELL signal is derived after price found Resistance(as abovementioned) and also evident that after price intersected the HH (of the previous...
USDJPY started Uptrending to date 25 Mar '18 after it was Downtrending. It is evident from the date mentioned that USDJPY has been making HH's and HL's. Price moved Up in an Upward channel pattern. Retested the Support 3 times, on the 3rd touch price proceeded to make HH's and HL's. CONCLUSION: A BUY signal is derived after price broke the...
After EURNZD has been consolidating in both 1hr and 4hr timeframes in the middle of a Downward channel. A further continuation of the consolidation can be expected around 1.66470, should the BEARS have strong selling-pressure. A Sell signal can be waited upon after the breakout of the Support of the Sideway...
EURUSD started to show exhaustion in a form of a sideway channel between 1.22400 and 1.22000 and proceeded to Downtrend. Since then the pair has been following a Downward channel-patterned movement. SIGNAL: As the rules to trade channel dictates:price went for Upswing and found Resistance on the Channel(notice the reversal candlesticks around the Resistance)....
After following a downward tren d ever since (26 Jan '18. 19:00 ) where price hit a level of Resistance and formed a Bearish reversal candle. The down-trending market is evident from the LH's and LL's price made ever since (26 Jan '18.19:00) The SELL signal is derived after price hit the Resistance of the upward trendline in a downward channe l and...
Analysis from Daily time frame shows the pair going down long term(evident from the previous uptrend which price moved in an upward channel pattern) and after finding Resistance slightly above 1.43000, after forming a Bearish reversal candle( inverse Hammer ) and the Bears dominated since, it is evident by strong bearish momentum from 17 April '18. Ever...