H4
USDJPY / H4 / Daily Forex Technical Analysis / 5.20.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 20th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we can see price action had a nice move to the down side and is now on a decent relief rally but it seems very corrective. We will be looking for price action to continue up a bit higher reaching the 110.986 resistance area to look for a short entry in optimal conditions. Entry for a Short position near the 110.667 area, with a Stop Loss near the 111.002 region, with a target profit level area of 109.737 to ensure a profitable trade with a 2.78 to 1 R/R.
NZDUSD, Sell on H4New Zealand Dollar / U.S. Dollar FX:NZDUSD
*Tendency goes to Downward
*Candle is Bearish
* Below 2EMA
===> Sell
EURJPY / H4 / Daily Forex Technical Analysis / 5.9.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 9th, 2019 and we will be taking a look at the Euro against the Japanese Yen. This trade will have some dependency on whats going on between the U.S. and China trade relations. And we can see that we are at an area of support at the 123.350 region and it seems to be breaking downwards. If price action can break this area of support and break down to the next target zone, which would be the 123.087 area, with some bearish momentum we would be looking to enter a short. Entry for a Short position near the 123.093 area, with a Stop Loss near the local highs of 123.415, with a profit target level of 122.453 to ensure a profitable trade with a 1.99 to 1 R/R.
USDJPY / H4 / Daily Forex Technical Analysis / 5.8.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 8th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we are looking to see if price action will break this support area of 109.917. If we do get such an advantageous opportunity we would be looking for an entry Long near the 109.764 area. If we do get an entry at those levels with a Stop Loss below the lows near the 109.527 zone, targeting our profit level area of 110.288 to ensure a profitable trade with a 2.21 to 1 R/R.
NZDCAD / H4 / Daily Forex Technical Analysis / 5.6.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 6th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian dollar. Looking at the 4 hour time frame price action has retraced back to the .89184 support area with no bullish conviction. Price action seems to just be hovering around this support zone, showing signs of weakness. With a break and a confirmation close below the lows of the .88758 zone we would be looking to take an entry Short. Entry for a Short position near the .88699 area, with a Stop Loss near the .89271 region, with a target profit level area of .873265 to possibly ensure a profitable trade with a 2.4 to 1 R/R.
GBPUSD, Buy on H4.British Pound / U.S. Dollar FX:GBPUSD
H4:
=Break above support
=Above EMA
=Tendency goes Upward
=> BUY
EURAUD H4EURAUD H4
Si rompe con envolvente al laza esperamos pulback y nos vamos en compras, de rompe a la baja esperamos pulback y ventas full, esta en triangulo bajista D1...
CHFJPY Continuous downward on H4. Swiss Franc / Japanese Yen FX:CHFJPY
CHFJPY Continuous downward on H4.
AUDCHF Sell on H4.Australian Dollar / Swiss France FX:AUDCHF
Tendency goes Downward
Below support
Sell on H4
