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Yen crosses up except a one?By Andria Pichidi - March 20, 2019 Yen crosses have also been buoyant, with the Japanese currency having been underperformed. One notable exception has been AUDJPY in Asia session, which dipped amid underperformance in the Australian Dollar, which was seen concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil). However during European session AUDJPYfound some ground and lifted higher. In Long timeframe though, AUDJPY seems to be ready for another rounding top formation as given in the daily figure . Even though a ranging market has been identify since the beginning of the year, with the pair bouncing between 77.00-79.90 barriers , a closer look shows that following the peak on Monday at 79.40, t he asset turned lower yesterday, raising expectations for a possible retest of range’s lower edge. However as the asset is trading above 20- and 50-day SMA, the daily picture remains neutral, with momentum indicators preserving the consolidation mode, as RSI and MACD have been flattened around neutral zone. Only a confirm close today below the 78.80 daily Support area could turn the attention toward 3-months low territory between 77.20-77.70 area. I n the short term however, Aussie took a spill earlier, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil); iron ore being the biggest Australian export. AUDJPY rebounded from 3-day bottom which coincides with 20-day MA and lifted above PP level at 79.00 area, having also been buoyant amid Japanese currency underperformance. As the downwards move occurred yesterday seems overstretched (oversold technical indicators, price outside Bollinger bands), a small U-turn has been formed in the hourly chart suggesting some positive bias in the short term. Next Resistance is set at 79.15-79.20 (R1 and Yesterday’s peak) . Further gains within the day could found Resistance at 79.35-79.40. On the rejection of initial Resistance , the pair could fall back to 3-day’s low which is also the 200-hour SMA, at 78.75 and just a breath below the confluence of S1 and lower BB level. Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Long
by HotForex
EUR/NZD SHORT ENTRY EASY WAY TOO MAKE MONEY IN YOUR TRADING ACCAfter reaching the level 079420,its change the direction of trend. Then made low of 1.63550 After than again rised too its 50% 1.7129 now @1.67473 POSSIBLE 1.63552 NOT POSSIBLE 1.6868 TRADE at your Risk Regards "Venusfx" If you are having any problem Related too trading. No matter if you are a newbie or a 10 years professional i can sort your problems :) Whatsapp chat.whatsapp.com Instagram www.instagram.com Youtube www.youtube.com Facebook www.facebook.com
Short
by AleeJaffery
Possible USD/CHF Short Position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-8 hours Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current level at @ 0.9955 level and move towards the first Target 1 level @ 0.9926 FX:USDCHF Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 0.9926 Target 2 @ 0. Risk/Reward @ 1.6 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
EURJPY - Forex Market| Harmonic Patterns Technical AnalysisEURJPY - Currency Trading - Forex Market - Harmonic Pattern Technical Analysis Technical Analysis ------------------ Trade Period:  Intraday Trading Currency Pair: EURJPY Time Frame: 45Minutes Predicted Direction: Short Trade Based On: The Bearish Bat Pattern or The Bearish Crab Pattern (Harmonic Patterns) Another pattern : Diamond Pattern I will open Sell if the price will make fake broke of @124.435 goal @123.989, stop loss @124.824 - Price bounced several times from key level - Yesterday the price moved up-down it was diamond pattern. Price is so close to the key level, I wait for confirmation. We will open sell the price will show fake broke only.
Short
by erbe