AUDJPY has came down to the point of 69.579 and arced back up and retested 69.579. There could be a possibility that it will create a S2 before the prices goes down again. This is a 60/240 trade within a D/W TF trade. For smaller TF traders, please follow the pink lines. Please click on the AUDJPY to view
USDJPY has broken the day channel and prices went back up to test the month channel. We will wait for a price action in a H1 time frame before shorting this pair for a small profits
On the fundamental side, Bank of Canada Governor Poloz repeatedly said in the past that the central bank would hike interest rates when the macro-data indicates it’s a must. Only in August, Canada has beaten all market expectations on high-impact reports, including monthly trade balance (-0.6B vs -2.3B expected), monthly employment change (54.1K vs 17.0K...
DAILY FOREX ANALYSIS XAUUSD 24 December Timeframe H4 and H1 As mentioned earlier in my post. I have noticed that a very big buyer has been hiding within the recent price action of XAUUSD. The buyer has shown his momentum today by breaking out a 2 week consolidation upward channel range to a high of 1485.470 today, but was knocked down by the seller by a 50%...
WEEKLY FOREX ANALYSIS USDCAD 23 December to 27 December Timeframe Week Analysis The Canadian Dollar was held to a tight range in 2019 versus the US Dollar, amid a flurry of conflicting fundamental and technical themes. While little progress was made compared to the first few days of the year, USDCAD was able to establish a series of lower highs over the months,...
WEEKLY FOREX ANALYSIS AUDNZD 23 December to 27 December Timeframe Week Analysis We can see that AUDNZD has been in a down channel end of September 2017 to current, with 3 retest of the top of the channel and 2 retest at the bottom channel. From January 2019 to now, the prices have been on an uptrend (expanding wedge). In the first two weeks of November,...
Timeframe Day Analysis From late July to mid October, buyers have been in command during this period and prices were consolidating till Mid December, when the recent news cause a major hike followed by an almost immediate price collection. In a Day Timeframe, we have identify two very strong resistance area, 1.95730 to 1.96807 and the second area is 2.01528 to...
Daily Analysis XAUUSD 23 December 2019 For the entire week, XAUUSD has been consolidating. The sellers have been showing signs of weakness on the 20th December, on the 23rd December, there is a high chance that XAUUSD might break the tight consolidation (orange triangle). and get rejected at 1482.827 I generally do not trade XAUUSD on a higher timeframe and most...
NZDUSD Analaysis. 23 - 27 December NZD has gained some strength over the past few weeks. However, NZD/USD struggles to retain the advance from the monthly low (0.6424), and recent developments in the Relative Strength Index (RSI) warn of further losses as the oscillator falls back from overbought territory and offers a textbook sell-signal. NZD/USD fails to...