USDJPY has been trading in a nice range even after US sanctions on Russia. This has been boosted by safe-haven asset movement characteristics of the JPY. Currently we can see trading in a slightly bullish channel. The fact that price is now at the top of the channel might give a nice sell setup with a first target the 200 day MA. Closing another bearish candle on...
SAXO:EURCHF possible for the pair to head to 1 as a longer term idea if EUR keeps taking a hit. Will rely on safe haven movement in the coming days
Price breaking below key support areas. Staying below 1.3200 opens the road to 1.3100
ETHUSD Short term idea: Scalping continuation of downtrend and as long as price remains within wedge. ETHUSD Longer term idea: Trading within wedge and for sure on wedge breakouts
Euro dropping against USD ahead of NFP release. 100% of extension completed .. Looking for support
SAXO:GBPUSD pushing through SUP 1 towards bottom of range towards SUP 2 (update from previous idea)
SAXO:GBPUSD long positions as long as price holds above SUP 1
TVC:USOIL is this the top? waiting for updates...
OANDA:EURUSD headed straight through SUP AREA 1 towards area 2.
BTCUSD ranging following yesterday's push higher to RES 1 Looking for potential push down to SUP 1 & the 200-Day MA which makes this a nice support for potential bounce. If price does not follow this path then looking for a break above RES 1 making it support and further continuation from there. Updates to follow...
Usdjpy bullish move following rejection of support
Recent rejection of highs could signal downward pressure. More to follow
looking at breakout above or below support and resistance to get in a longer term position. Clean levels provided by fibo on daily chart (orange color) update sto follow
potential for flag/ channel formation on FX:USDJPY entry after breakout and confirmation of pattern. will adjust risk/reward after entry
Waiting for breakout to re-evaluate entry point. Currently 2 potential options
Range trading on the CURRENCYCOM:US100 following dovish FED meeting. Accommodative and supportive policy for the economy through to 2023 has been the highlight Support & Resistance within shaded area. 38% fibo acting as resistance. Short term trading within the range until confirmation of breakout occurs.