Last Week Analysis. I have decided to trade this pair since the Yellen ( Japanese yen) was getting weak. Looking at the Fundamentals on the News, I have noticed what was happening within that periodical week online & TV. ("What happens To JPY if USA Attacks North Korea?") My instant decision was to buy low, and it shows on my analysis it has broken three of my...
TODAY IS SATURDAY, 24TH JULY 2017, AS THE MARKET IS CLOSED, I DECIDED TO TRY A DIFFERENT PAIR OF MY TASTE, AS I AM STILL OVER-VIEWING CURRENT PAIRS FROM LAST WEEK. I HAVE MANAGED TO ANALYSE THIS CHART WITH THE 4HR CHART TIME FRAME. SIGHTING THAT PRICE WAS MOVING RAPIDLY WITHIN THE MARKET, I POSSIBLY KNEW THAT THE TREND WAS ASCENDING (UP-BULLISH.) MY INSTANT...
TODAY ON TUESDAY 6TH JUNE, 2017 I HAVE ANALYSED THE EUR/USD (EURO DOLLAR) PAIR BY USING THE 4HR TIME FRAME. SINCE I HAVE OVER VIEWED THE MARKET, I NOTICED THERE WAS A STRONG UP TREND, (BULLISH). MY SPECULATIONS MADE ME WANT TO BUY, AS PRICE WAS INCREASING VISUALLY. PRICE HAS CHANGED SEVERAL OF TIMES BY BREAKING THROUGH SEVERAL OF RESISTANT LINES. MY PREDICTIONS...
SINCE LOOKING AT THE NEWS BASED ON UK FUNDAMENTALS, I DECIDED TO NOT TRADE ANY PAIRS OF THE GBP, DUE TO THE UK ELECTIONS, ASSUMING IT MAY HAVE A BIG IMPACT ON THE POUND AND EFFECTS OF WHATS BEEN GOING ON RECENTLY IN LONDON, ENGLAND. I RECONSIDERED MYSELF TO LOOK AT OTHER TRADING PAIRS, AND HAD A TASTE OF THE EUR/JPY - (EURO YEN - € x ¥) I LOOKED AT THIS PAIR ON...
TODAY I HAVE ANALYSED THE USD/JPY - (DOLLAR YEN) PAIR BY USING THE DAILY TIME FRAME. MY PREDICTIONS IS THAT THIS TREND IS A BEARISH TREND, AS THE MARKET IS GOING DOWN. PRICE HAS CHANGED A FEW TIMES WITHIN THE MARKET. I HAVE USED SEVERAL SUPPORT AND RESISTANCE LINES, SUCH AS DAILY AND WEEKLY TO INDICATE IF IT WILL BREAK THROUGH, WHICH IT DID. BY THE NEXT...