As of September 19, 2024, traders are closely monitoring the USDJPY pair for potential bullish momentum. Several fundamental factors and market conditions indicate that the pair might see a slight upward bias this week. Let’s dive into the key drivers affecting the USDJPY price action. 1. Diverging Central Bank Policies One of the primary influences on USDJPY...
We can see this support zone has now held for over two weeks. Following the previous break of structure we are still bullish on this pair. Price action was choppy last week on this pair. Where is price heading next? Have a great trading week!
SPX500 is currently Consolidating. Looks like it might push through and continue Bullish bias.
82.70 is our pivot point. Our Preference: The Upside prevails as long as 82.70 is support. Alternative Scenario: The downside breakout of 82.70 would call for 82.90 and 82.36
gbpaud rejected weekly zone (purple) and created new daily zone (green) and 4hr/1hr zone (yellow).
My bias for aud/usd is bullish. I was shorting this pair 2 times this week with small positive outcome. But bears have difficulties to push down, and we are entering bull area which means that there is better chance to go long than short. Enter at lows and take profit at last highs as showed in the chart.
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
This pair no seems to have broken a key area 0.72200 and price has held firmly above it , closing the day with a big bullish candle. My bias for now midterm is bullish , as I believe we may see price hit at least 0.73700. However as we have NFP out on the 06/01/17 we may see a possible re-test of 0.72200 which is just slightly under 90 pips or so from where we are...
in favour of the bearish move as this will be a greater move in the case of the EURUSD, Main confluence based on the liquidity found below. and weekly is in consolidation but i believe it is prepairing for a move down. other economical confluence caused by terrorism and slow economical data including brexit.
Hello traders, After the BoJ fiasco I had to restate my assumptions and my long term bias on this pair. It seems as though the BoJ wants to drive price below 100.00 before announcing massive QE programs to address their debt issues. A strong yen will highly impact exports on the downside and they don't want that. Even though I was anticipating this from much...
BIAS FOR THIS PAIR IS FIRMLY BULLISH AT THE MOMENT. PRICE HAS BROKEN ABOVE RESISTANCE AT 1.9520 AND I AM NOW MONITORING P.A ON THE 4HR TIMEFRAME FOR A RETEST AND CONFIRMATION TO GET IN TO A LONG TRADE. TARGET FOR THIS IS 1.9825 AT THE -61.8 FIB EXTENSION FROM THE DAILY FIB SETUP.
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.