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Showing posts from August 9, 2020

AUDJPY - TECHNICAL INSIGHT

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 Strong D1 timeframe BUY signal here as the fisher and DSS indicators remain bullish. H4 timeframe's dynamic cycle explore indicator is also bullish to confirm the bias. Price above 76.44  is good to think BUY and prefer to BUY now with M30 oscillator over-sold.

GBPUSD - BUY SIGNAL

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Its a good BUY for GBPUSD at this point. W1 timeframe shows a very strong uptrend with the three indicators and H4 dynamic cycle seems to show a fresh BUY signal from over sold zone. The price levels are also updated in this post.

USDCAD - TECHNICAL INSIGHT

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 I did a quick SELL of the USDCAD. The trend on the W1 is clearly down (as seen on fisher and short DSS). H4 dynamic cycle also fresh SELL from above the middle line. I had to leave the market on-time as the D1 oscillator is no more trust-worthy to the down side.

GBPUSD TECHNICAL INSIGHT

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 This is more like a head-and-shoulder pattern. Ok considering the weekly timeframe indicator setup the trend for the GBPUSD remains bullish. To find trade opportunity for BUY in the dip as seen in H4, one should wait for a piercing pattern - a bullush H4 candle that will close above the body of the previous candle.  The dynamic cycle oscillator is set for BUY but its good to wait on the chart pattern mentioned above. This is important as the D1 dynamic cycle oscillator is bearish at the moment. Its important to note the price levels (support and resistant). But opportunity should be safe above the level 1.3018.

GBPCHF - BUY SIGNAL

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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.

USDJPY - BUY SIGNAL

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The indicators in the D1 shows buy pressure. Fisher bullish together with the tiny noisy oscillator DSS. The H4 Dynamic cycle is fresh BUY and this is good for intra-day BUY. H1 is not ready for BUY and expect that soon. I am in with lighter lots since the M30 and M15 indicators are fully bullish at the moment.