End of Week Review 16th September 2017 Monthly Chart *September month has not been completed yet. Candlesticks But it is slowly forming a doji > this makes 2 doji – tweezer bottom (not yet realized). Formed S/R level 110 Technical Indicators MACD histogram = flattening MACD lines = still downtrend. Stochastic = still downtrend. >they are both lagging. S/R...
S/R Levels 114.2 112 111.5 111.1 110.4 109.5 109 108.6 108.1 107.5 It seems 111.5 is tested.
Previous periods trading 108 - 106: 2003 2004 2005 2007 2008 2014 2017
End of Week Chart Review 10th September 2017 End of Week Chart Review 10th September 2017 Economic Calendar 14th September = US CPI 21st September = US interest rate announcement 29th September = JAP CPI => Nothing that will jolt the market. Monthly Chart At 109 – strong support EMA 7 is already below EMA 30 EMA 50 is lowest = Bearish Weekly Chart ...
End of Week Chart Review 10th September 2017 Economic Calendar 14th September = US CPI 21st September = US interest rate announcement 29th September = JAP CPI >>Nothing that will jolt the market. Monthly Chart At 109 – strong support EMA 7 is already below EMA 30 EMA 50 is lowest = Bearish Weekly Chart Candlestick = red long body = bearish MACD =...
End of Month Chart Review 31 August 2017-08-09 Monthly Chart: - Candlestick = hammer. Potential reversal. I must wait and see what kind of candlestick September month will be Before entering into a trade. Full stop.
Trial - Entered at 109.233 Target 1 at 109 Amended target at 109.1 Exited at 109.1 10 pips Review: Tomorrow, if the same opportunity presents itself, I will enter (short) at 109.3 for exit at 109.05
Trial - Entered at 109.233 Target 1 at 109 Amended target at 109.1 Exited at 109.1 10 pips
Sunday 27th August 2017-08-09 End of week review chart Monthly chart Candlestick – still bearish Next support = 106 EMA 7 & 10 haven’t crossed yet MACD flat lining Stoch idem CCI idem Momentum declining >conclusion: need a jolt Weekly chart Candlestick – 2x dojis = indecision Another weak support circa 107.9/108.1 EMA 7 is well below 30 and 50 Calendar...
Sunday 27th August 2017-08-09 End of week review chart Monthly chart Candlestick – still bearish Next support = 106 EMA 7 & 10 haven’t crossed yet MACD flat lining Stoch idem CCI idem Momentum declining >conclusion: need a jolt Weekly chart Candlestick – 2x dojis = indecision Another weak support circa 107.9/108.1 EMA 7 is well below 30 and 50 Calendar...
End of week review chart Note ^.^ earned 109 pips, just ^.^ Chart: Monthly = bearish Weekly = @ support circa 108.6 Next support = 106.2/105.7 Enter only if 108.6 support has been broken Price level circa 108 Economic calendar Thursday 24th Aug PM = US Job Saturday 25th Aug AM = Jap CPI Nothing based on econ calendar that will shake things up Movement will be...
9th August 2017 Wednesday Make it a disciplined habit to analyse chart every end of month and every end of week. Analysing for end of July Candlestick chart – a continuation of bearish Support 109.816/108.6 EMA 3 and 9 already crossed Alr in lower Bollinger band Still in a triangle consolidation mode CCI is declining MACD in bearish mode Weekly Boxed...
9th August 2017 Wednesday Make it a disciplined habit to analyse chart every end of month and every end of week. Analysing for end of July Candlestick chart – a continuation of bearish Support 109.816/108.6 EMA 3 and 9 already crossed Alr in lower Bollinger band Still in a triangle consolidation mode CCI is declining MACD in bearish mode Weekly Boxed...
Economic calendar: Thursday July 20 2017 1 pm BOJ interest Decision Monday July 24 2017 11 am BOJ Policy Minutes Friday July 28 2017 09.30 am Japan CPI Thursday July 20 2017 11.30am AU Unemployment rate Wednesday July 26 2017 11.30 AU Inflation > nothing that will give long lasting credible movement Technical analysis: Weekly: MACD = flat EMAs = flat Momentum...
Saturday 17th June 2017 Monthly chart: (the one completed in May) - April = doji - May = inverted hammer with very long leg - June (as at 17th June 2017) = another doji CCI = flat Stochastic = still declining and not flattening MACD = flat (declining) Momentum = flat EMAs EMA 7 is still on top but already pointing down But EMA 3 and EMA 9 already...
12 June 2017 Monday (Monday was a public holiday) Monthly chart: Candlestick – will break thru a weak s/r level 109.593 MAs – 3 and 9 and 13 have crossed MACD – histogram – flat Momentum – at 75% and is declining Stochastic – has crossed and is declining CCI - flattening Bollinger band – in the lower band Weekly chart: Candlesticks – opened low MAs - have...
MA 7 and 30 = very close MA 50 = although still below, but alr (plus the 2 above) are all flattening BB = candles are already in band II cannot break into band I at support/resistance (broken in mid 2007) level found in 2004-2005 MACD crossing = meandering at middle Momentum, CCI and stoch = declining Econ calendar US - 15th June 2017 = Fed i/r, FOMC econ...