The USDJPY had a bearish momentum yesterday bottomed at 122.29. The bias is bearish in nearest term testing 122.20 key support. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 121.50 – 120.00 area next week...
The above is Daily Ichimoku chart. The candles seem to be supported by the Cloud. Thus I continue to be Bull with this pair. Let’s just keep adding more Long positions, move the stop to even, and see how it goes. At least we can enjoy the Swaps...
The USDCHF had another indecisive movement yesterday but slipped below 0.9880 support area as you can see on my H1 chart below. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9800 – 0.9785 support area. Immediate resistance is seen around 0.9925...
So I remain to be Bull. In my opinion, it may be true that Kuroda is running out of his options. However, the basic fundamentals remain the same – Divergence of the Interest rate between USD and JPY. Also the current rise of USDJPY can be considered as USD Strength, rather than JPY weakness...
Daily Ichimoku chart of AUDJPY is very interesting. So I have to share my trade plan. The 2 candles in Daily chart are red, and now touching the top of the cloud. And I am hoping the cloud will serve as Support...
AUDUSD 4HOUR CHART: LONG @0.7109 TARGET @0.7189 STOPLOSS @ 0.7068 AUDUSD BOUNCING FROM HORIZONTAL SUPPORT...
XAU USD, “Gold vs US Dollar” XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is closed (2...
e Setup (Dec 16) I don’t mean to suggest any trades today, before FOMC. But this chart (below) looks like typical Short setup for me. So I cannot stop sharing this...
EURUSD 4HOUR CHART SHORT ENTRY @ 1.0931 (FIBO 23.6 LEVEL) TARGET @ 1.0789(FIBO 50 LEVEL) STOPLOSS @ 1.1026(HORIZONTAL RESISTANCE...
EURUSD 4HOUR CHART LONG ENTRY 1.0789 (FIBO 50LEVEL) TARGET 1.0852(FIBO 38.2 LEVEL) STOP LOSS 1.0725(FIBO 61.8 LEVEL...
EUR GBP, “Euro vs Great Britain Pound” Europound is trying to rebound from the group of upper fibo-levels and resume its movement inside the current downtrend. The pair may fall to reach local retracements at 0.7170...
GBPJPY pair (as well as USDJPY) has been down for the entire week. Where is the bottom? Previously I wrote “I am now Bull with this pair” because the price was above Daily Ichimoku Cloud. But the price dropped off from Daily Cloud. Thus I cannot buy this pair until we confirm the drop is over...
AUDUSD 4 HOUR: AFTER BOUNCE BACK FROM HORIZONTAL SUPPORT 0.7172, AUDUSD FACING RESISTANCE ZONE 0.7285 -0.7300...
