CrystalFX Market Analysis

Buy signal is spotted in the D1 timeframe and the H4 ready to swing up. friday entry may run till next week.

GBPUSD on rally while the USDCHF on dip, the pattern on ATR and Dynamic Cycle still suppot trend continuations.  

Fresh H4 dip signal from the oscillator MAY signal a sell from 107.10 for a 30-50 pips as the daily trend remain strong to the down side.

Two weeks range market within the range 0.6504 and 0.6399, and bullish turn of the dynamic range oscillator up means we might hit the upper range in the early days of the week and the H4 indicator pattern and D1 trend is up trend and will be looking forward to a 40-60 pips profit in a BUY this week if the trend does not change.

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.

Its has been range bound market for two weeks now for AUDUSD. Although the major trend from the D1 is uptrend since MAY 19, but showing a signal of over-bought market in the D1 and two weeks whipsaw withing the eange 0.6963 and 0.6819 The H4 pattern shows the trend will support north move and waiting on the oscillator in H4 to turn GREEN and buy opportunity may set in. This is sure as long as the H4 Trend indicator remain BLUE (uptrend). THis is possible in the ealy days of the week.

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.

The USDCHF is bleeding in a down trend for weeks now and the current H4 chart still in the down mood. THough few H4 candles shows some whipsaw since June 11 and price has been moving within the range 0.9529 and 0.9481. By the pattern in this H4 chart, if the dynamic cycle explore turn down then we are in for 40-60 pips down move more and that can happen this week. Alternatively, the bull may be planning a come back to the market. I noticed that on the D1 time-frame as the Dynamic Cycle Explore trend is Bullish. That may be the reason for the few H4 range bound market so far. If sell signal comes up, one can take it carefully with less than normal risk. I mean if you plan on trading on 5% risk, I will advise 2.5% risk.