WEEK AHEAD - AUDJPY

AUDJPY shows same trend pattern as we have in AUDUSD. The trend is uptrend for days/weeks now but the past 2 weeks seems to be range bound market; price moving in a range boung triangle as seen in the image below.

If the H4 pattern is maintained in few days to come, this week, we might see a rally up to break the triangle up as the oscillator is below the middle level and one will expect and up wards move in the AUDJPY market. The D1 is strongly in a downtrend.

Comments

Post a Comment

Popular posts from this blog

BULLISH DIVERGENCE

Image
The bullish trend of the TMASlope is backed or confirmed by the bullish (hidden) divergence as seen in the image below. Price is sitting on the intra-day support at 138.77. Another support at 138.08. We continue with the bullish bias as long as price is above the support levels.
Read more

GBPCHF - BUY SIGNAL

Image
I dont trade this pair often especially because of the spread for me on the high side.But the buy signal coming this time for 30pips less the spread I might still have some 20+ pips. Not bad The D1 fisher is bullish and the Daily DSS 4,7  over sold in an uptrend in D1. In this pattern I will need a rising BULLISH signal in lower time-frame. I can see that in the M30 TMASlope rising to a fresh BULL market signal.
Read more

EURJPY - TECHNICAL INSIGHT

Image
 H4 timeframe for EURJPY is clear down-trend at the moment. The momentum indicator - wrapped with SMA trend meter shows the market is weak doing up. The major oscillator (Dynamic Cycle Explorer is at the over bought ZONE. Sell signal in the M30 is good for sell below the support levels 125.35 and below 125.99
Read more