Polish currency strengthening after govt election and still is getting stronger what is confirmed in TA. USDPLN just printed nice bearish candle still being under 200EMA and that's for me is a bearish signal. Its not an advise its only my opinion.
4 h chart printed double top indicating a selling pressure. This is also supported by two classic divergences and bearish candle. Looks like traders are fed up with dominant $. Level 150 is also very important for Japanese currency as last year Yen was heavily supported by Japanese officials at that point. Maybe the time has came for $ to release some steam. Will see.
Double bottom within falling wedge already indicated that AUDUSD is ready for upside move potentially up to 0.61 Fibo which is aligned with previous resistance. Is it going to test it? If the $ will take a break from it's rally for sure it will. ;)
Japanese currency index has printed a double bottom. USD/JPY is near double top at 150.0 which is extremely psychological level in regards Japanese bank intervention. Fx traders are already in alert mode and getting ready. Will Japan support Yen this weekend? :)
Almost perfect Double top + divergence was formed on USDJPY which is very well known formation for all TA traders. The key is that this is a psychological level of 150.0 where last year Japanese officials intervened to support JPY. In the last few hours by looking on 4h chart Longs pocketed their profits. Big sell off on the way. Is it because of double top or...
