USDJPY TECHNICAL ANALYSIS Lets look at the USDJPY on the 4 hour time frame. I have marked up the chart and as you can see the pair has broken above its wide downtrend channel. Above the 107.0 level, we can expect this pair to continue moving up. Currently price pulling back and testing the dynamic
AUDJPY TECHNICAL ANALYSIS Lets look at the AUDJPY on the 4 hour time frame. I have marked up the chart and as you can see the pair is in a downtrend channel. Trend is down but we do not discount the possibility of this pair rebounding back up to the top slanting line of the
*Analysis is for Premium Members Only EURUSD TECHNICAL ANALYSIS The currency pair trading within a triangle formation and bouncing off support at around the 1.2160 level while strong resistance can be seen at the 1.2520 price level. The moving averages have started to go sideways and we are in a consolidation phase at the moment.
Analysis of GBPJPY on the daily time frame. The currency pair is still within an uptrend channel and price have closed above the 15 and 30 EMA which acted as dynamic resistance in the past and is now acting as dynamic support. As long as price is above the EMAs, price have the potential to
This is a GBPJPY Technical Analysis on a Forex Blog. GBPJPY – On the H8 chart we see the GBPJPY going sideways after reaching a high of around 146.76. The pair have been in an uptrend and we have not broken below the diagonal trendline stretching all the way back to 5th October 2016. However,
This is a EURJPY Technical Analysis on a Forex Blog. EURJPY – On the H4 chart we see the EURJPY going sideways after reaching a high of 130.733. . The 128.5 level is providing support at the moment and price is currently testing the 15 ema which is currently acting as resistance. Price needs to
This is a US Dollars Index (DXY) Technical Analysis on a Forex Blog. US Dollar Index (DXY) – On the weekly time frame, we see this pair going lower. Technical indicators are still showing bearish momentum for the greenback. The recent tumbling of the greenback have been attributed to weaker than expected inflation data on
This is a EURUSD Technical Analysis on a Forex Blog. EURUSD – On the weekly time frame, we see this pair going higher. With Draghi and his gang talking about the possibility of reversing their loose monetary policy, the euro which in the nearest term due to their negative rates policy have become a carry trade
EURAUD – On the daily time frame this pair may have found a medium term bottom at the 1.36223 level. You can see that the pair have been in a downtrend pennant since early 2016. We are in a clear downtrend for this pair over the longer term and we are not out of that yet.
Gold / XAUUSD – On the daily time frame this precious metal has broken below the uptrend channel and looks heavy at the moment. The next downside target and support level can be seen at 1226.44 and below that 1216.59. 1244 is first topside resistance. If price moves back up and into the channel, it nullifies