CrystalFX Market Analysis

 

CHFJPY, though been consolidating for a while now by the Daily timeframe, the pressure is still on the up side and the oscillators are presenting opportunities to take BUY positions. The trading levels are clear to take a positing now and targeting the nearest resistant level at 150.27. Market MAY go beyound if the D1 timeframe oscillators are still very much strong on the BULL side.

 The GBPJPY is in a BEAR mood at the moment as the major TMA Slope indicator remains RED bear signal. H4 Oscillator and that of D1 is bear and still strong to cash in some pips.

 The GBPJPY is obviously on a down trend and more bear pressure from the D1 timeframe.  H4 oscillator getting weak on the minor uptrend - this is the time to plan an entry for SELL in the H1 or M30.

 EURGBP may be prepared for a down turn. Its clearly in a down trend consideting the Weekly timeframe. A correction from 0.8342 for the past one month to 0.8505 is not weak and may be set for a down turn. The market bounced from the Resistant point of 0.8496 and this is a good area for a SELL looking to cash in about 40 to 50 pips or targeting the next support area(s). Trade wisely, we might have a rally but even with such, a SELL may also be good at the next res zone at 0.8577.

 The EURJPY was a good move to the south today. Trend trailed from Monthly to Weekly and the Daily time-frame for entry. The market moved south so quickly.  Since the Trend is still very much to the south - considering the monthly and weekly bear pressure, the B image shows expectations in the up coming weeks.  The down trend can still be taken advantage of. We have some patience to wait on the oscillators to be in shape. Its going to be a good trend.

  Although the AUDJPY is been on a range bound market in the Daily Timeframe, the market is showing a BEAR Regular Divergence at the Resistant area 94.00. One is hoping the divergence will see market dip to the next Support area at 93.43 Alternatively, break above 94.20 will see a new BULL target at 94.66.