Ajish_A

Ajish_A Updated 

Markets have approached and retested off well respected daily trend line + RSI showing oversold on 4hr, potential long to around 111.6. DXY has followed analysis posted yesterday and is now on the rise which adds confluence. DXY:

Ajish_A Updated 

A trade entered previously , market approached support of daily descending trend line channel which has been well respected in the past, resistance was shown (W) on lower time frames indicating a good long position with potential for movements to the upside of over 200 pips. Also noted it has been on a bearish run of 170+ pips since 27th February. Would ideally...

Ajish_A Updated 

Potentials… using the daily time frame since November 2017 markets have clearly followed and respected the ascending channel and as such would expect to potentially see a further push to the upside on the long term towards 1.0177 area before a bearish run; however looking at the shorter 4 hour time frame the pairs showing clear rejection off the trend line with an...

Ajish_A Updated 

NZDJPY potential short around the 76.4 area if markets show clear rejection off the 4hr trend line. For optimal entry would need to look for the following from the majors..... NZDUSD weakening & USDJPY weakening

Ajish_A Updated 

EURAUD potential long, showing resistance against the 800 EMA however if broken through to the downside next mark to look out for entry would be around 1.587 which a TL is at, and one that has been fairly well respected in the past with multiple taps.

Ajish_A Updated 

Gold at my 4hr TL and 0.382 Fib level, if respected could look for a buy targeting 1310 area. Alternatively if there's a clear break next key area to look for would be around 1292.

Ajish_A

This pair is approaching a very well respected weekly trend line and nearing being oversold, would expect bearish movement to follow ONLY IF market shows resistance. Alternatively, if trend line is broken through next key level to look for a reversal would be around 0.926 ish. Would also ideally need to see NZDUSD strengthen and USDCAD strengthen for maximum...

Ajish_A

Long on USDCHF, reaching zone + oversold; expecting a U turn to the upside with potential to reach 0.998... Alternatively if zone is broken could see further bearish movement towards the next key area around 0.9855 before movement to the upside. Will need to wait until DXY strengthens for added confluence on entry. However, as it's approaching end of the week...

Ajish_A

Following the bullish run that begun around the 11th March with pip movement in excess of 140+ , markets have now approached 4hr trend line which has been well respected in the past with multiple taps. Lower time frames showing rejection and oversold - with the recent surge driven primarily by release of Federal Funds Rate at 6pm. If this is broken next key level...

Ajish_A

Subsequent to the previous DXY idea posted, and having done further technical analysis it's clear the average pip movement for DXY since circa start of January 2019 for each wave of bullish/bearish runs amounts to 170... now given that DXY has been on a bearish run as of past couple weeks this could potentially continue to either one of two areas after a possible...

Ajish_A

DXY had been on a bullish run and was initially expecting this run to continue towards the 97.20 area but during the week that commenced on 04/03/19 it surged past this towards 97.7 handle which is also a previous high and has seen much rejection in the past. It last hit this mark WE 10/12/18 and was followed by bearish movement of 260+ pips with closes consisting...

Ajish_A

DXY had been on a bullish run and was initially expecting this run to continue towards the 97.20 area but during the week starting 04/03/19 it surged past this towards 97.7 handle which is also a previous high and has seen much rejection in the past. It last hit this mark WE 10/12/18 and was followed by bearish movement of 260+ pips with 4 consecutive weekly...