USD/JPY:
Monthly timeframe:
Brought forward from previous analysis:
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern. The breakout for this pattern is common to the downside, but an upward breakout is considered more reliable and profitable.
Outside of the current configuration, a resistance area is visible at...
EUR/USD:
Monthly timeframe:
Brought forward from previous analysis:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038).
Downside risk remains on this timeframe...
Since kicking off 2017, USD/JPY has been bust carving out a descending triangle pattern. The breakout for this pattern is more common to the downside, but an upward breakout is considered more reliable and profitable.
Outside of the current configuration, a resistance area is visible at 121.36/124.23, while lower on the curve we have a support area at 98.83/101.42.
Monthly timeframe:
Brought forward from previous analysis:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038).
Downside risk remains on this timeframe until...
EUR/USD:
Monthly timeframe:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 and a trendline resistance (1.6038).
Downside risk remains on this timeframe until reaching a support area marked at...
