WEEK AHEAD - USDJPY

The USDJPY is obviously in a down trend considering the D1 though whipsaw in the H4 with few candle sticks within the range 107.41 and 106.66.
The pattern in H4 MAY surely continue the trend if the Oscillator can turn south in the early days of the week. Up coming economic and political climate may be catalyst to this and its clear in the D1 timeframe that the down trend MAY continue.

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