Fundamentally speaking, aussie is about to get stronger as their few of the major economic indicators have come out quite positively. Bearish divergence has been detected on daily chart.
I am looking for a short trade on GBPJPY. Technically speaking, bearish divergence has been detected on Daily chart. Candlesticks has shown weaknesses lately.
Got resistance from ascending channel, Bearish divergence both on 4hr and 1d chart. 9ema, 20sma intersected on 1hr chart. I assume that price will go down to the lowest ascending channel. Btw, this is complete technical analysis, i have not put either fundamental or sentimental analysis into consideration.
Im looking for short here due to its weak momentum. Bearish divergence has been identified at 1day and 4hr chart.
Trend has made Head and Shoulder pattern on 1 hour trendline. We can expect it to go bearish in coming hours. go short
Double bottom support has been made on ascending trendline on 1hour chart. And also we can see Bullish divergence made on the chart already. When we draw Fibonacci retracement, there was clear resistance on 0.5 level and i think trend will go through 0.5 level and retest the 0.5 level and go to the next level of resistance around 12640 to 12700.