Austinet24

Austinet24

A complete inverted Head and Shoulder Candlestick pattern can be seen on 1H Time Frame of NZDUSD Pair, 0.68710 price level is the balance leg for the formation, the break of this level upward will give more credit to the Bullish formation. after the break the price might target 0.69016. Bias: BUY PENDING ORDER @ 0.68740 TARGET1 0.69016 TARGET2 0.69370

Austinet24

The USDJPY has been BUYING since the January 3rd major Sell, building on the upward trend that broke through the 50EMA and 150EMA, the pair retouch the 50EMA and 150EMA at 111.03 which is also serving as support trendline with Bullish candlestick BUY Setup. Bias: buy pending order @ 111.75 SL 111.46 TP1 112.123 TP2 113.16

Austinet24

The AUDNZD has been trading on a bullish channel, from 1H time frame, it bounce off the lower trendline of channel to the upside at around 1.03344 price level which also, the 50EMA identified as support, currently the pair is respecting 1.035928 price level which is serving as a minor Resistance, if this price level can be broken and we see the price above 1.03585...

Austinet24

Looking at the Daily Time frame, you see the GBPUSD Pair has been moving on a steady bullish channel since January 3rd 2019 after the major Sell end the bearish trend as we can see that the pull back Push the price to break the 50EMA and 150EMA. Plotting a Fibonacci level on the chart you will see that the Monday Bullish Cnadlestick bounce off the 61.8% Fibo...

Austinet24

From Daily time frame the GBPJPY Pair has bouncing off fibonacci retracement price level from the low of January 3rd 2019 at 131.04, The pair has been making a higher highs price movement all respecting the fibonacci price level. from the chart the Monday bullish candlestick bounce off 23.6% fibo level at the same time respecting 50EMA in the direction of the...

Austinet24

#EURJPY SETUP BUYERS COMING BACK TO THE MARKET. After a drastic Sell of Eurjpy Yesterday March 7th when the pair broke 50% fibonacci price then hit the 38.2% we can sight a reversal candle formed on the fibo line, the price is ready to correct back to124.966 and then 126.00. Bias BUY @ 124.59 SL 123.66

Austinet24

Trendline Break on a Daily Time frame, the price been bounce from a major resistance level, it will hit 124.215 price level

Austinet24

#GBPJPJ is currently on a Bearish REtracement, next Target is 145.516 then 144.294. The pair is respecting a major Resistance corresponding to a 100% Fibonacci Level on Daily Time Frame.SELL at Current Price 146.12 Target 144.29

Austinet24

USDJPY broke out of a channel pattern down, 111.223 price level has been acting as a support level for the pair since late September 2017 this level has been broken down with a bearish pin bar on the daily time frame, today candlestick open in the direction of the break, I see the price touching 108.268 before any move up. My Bias: SELL @ CURRENT PRICE 110.824...

Austinet24

At 152.633 the Bullish move is becoming exhausted as we can see several reversal candlesticks forming at this region, confirming this on 4H time frame you see the stochastic oscillator is showing overbought in price. i believe the price will retrace back to 150.930 price level as the Resistance hold at 152.633 Bias: SELL @ 152.501 TARGET : 150.930 STOP LOSS: 153.411

Austinet24

Our last week analysis on GBPJPY is the forcast on the break out of the triangle on daily time frame, today we can see clear breakout from the triangle by today candle stick at 147.632 price level, as we can see from the chart the next support level will be at 143.157 Price level. I see more Bearish move throughout the week. Bias: Look for More Sell Signals Till...

Austinet24 Updated 

GBPJPY is showing signs of weakness after falling below its 50-day moving average but the 2-month neutral trend remains intact. The market continues to consolidate in a range between 147 and 152 after pausing an uptrend at a high of 152.85 on September 21. RSI has fallen back below 50 into bearish territory, suggesting there is room for further downside in prices...