We can see a false breakout.. That means strong movements is coming! The price will consolidate above the upper border of the resistance zone and continue to climb. My target is around 0.7280
Good Monday! this is a good analysis on how JPY could be a good idea to trade this week after the run up that all currencies did against it. Fundamentals, Japan has had some good news on their books, we will see how the liquidity responses to this .
We have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change. Therefore, beware, as the price is at the moment evolving around the red dotted line. Besides, the price has shown also elastic movements, coming back again and again to its previous...
Paychex Inc. has begun a sideways pattern after a strong move out of the bottom formation of early January. The sideways pattern provides support for the next trend upward.
Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.