USDJPY might be primed for a rise from looking at the monthly chart. Its highly possible the big fall was just a big pullback and we can see a bullish bat pattern. Lets monitor this pair heading towards Friday's USD and JPY news
There is a high possibility for price to break the resistance and move upwards. Technical analysis and fundamental analysis of the US tariffs on metals support these idea. Wait for the breakout and enter long positions. Also remember to be patient.
The break of previous support and uptrend line opens a potential short position to the 140 level which is a major support. Wait for a pullback and retest of the previous support as resistance before entering any positions. Short term but profitable.
If price breaks the major resistance expect a higher move towards the upward trend line. Wait for breakout and pullback before entering any trades.
A lower candle just formed after hitting the resistance line of the consolidation confirming that it is set to continue. Short positions can be opened after a pull back on the hourly. Target is most likely to 0.86250 level.
Previous resistance is being approached. If it is broken we expect the uptrend to be confirmed and continued towards the 15000 dollar level.
We are approaching previous resistance which set us up for a long position. A break of the previous resistance would continue our uptrend line to possibly the 2.00 level which could take months but highly profitable. Should definitely be on your watch list.
The monthly on gold shows that long term resistance line has been broken and a pull back has been completed. Now we wait for the resistance at 1381 to be broken before entering long positions. Would give more updates in the coming weeks.
EURUSD is approaching long term monthly resistance. If this resistance holds we expect a long term short position. We would wait for the major support at 1.21691 to be broken first before entering any short position. This should be on your watch list definitely. Would give updates in the coming weeks.
USDJPY might continue to fall extensively to the 75 level after testing the upward trend line as resistance. Keep watch. Huge profits ahead.
Expect upward trend to continue to major resistance. Long term trade ahead. Be patient and wait for the breakout first.
With a major resistance broken we can follow the uptrend to the next big resistance. Long term trade expected.
Major move expected downward after major downward trend line is approached. Look out for the breakout upwards also.Long term trade expected either ways.
Major Resistance has been broken. We expect a pullback and upward movement towards previous high.
Two confirmations for potential downward movement. Downward trend line on the daily chart has been hit and potential head and shoulder formation confirms future downtrend to the 4000 dollar level.
A break of the major support and a pullback to it would confirm the trade opportunity. Expect bitcoin to head to the 4000 dollars area.
The downward movement after hitting the daily downtrend line validates our trend-line. A pullback to previous support after breaking it would confirm our short opportunity to the 4000 area.
Price is approaching the previous strong support at 0.78157. We expect this price to become new resistance and head down towards the lower support at 0.75016. The lower-high and lower-low bar has given us this confirmation which makes me confident.