AUDJPY may or may not revisit 84-85 area before becoming bullish once again. But a break of previous high 87.53 will suggest that trend is up again.
Oil is currently moving sideways. We might see a push down back towards 49-50 area before price becomes bullish again. Happy trading everyone!
USDJPY being bearish for a limited time.
Crude Oil Energy still bullish (long term). eeetradinganalysis.wixsite.com
The indicative price will determine whether its track is ready to go upwards. eeetradinganalysis.wixsite.com
Ideally, cable could still rise up towards 1.3925 area before turning down. But a break below 1.3040 gives way to more downside movement.
On a long term view, EURUSD is still correcting. If price rally above 1.0990, the pair may continue to be bullish for the next trading days. On the other hand, a break below 1.1020 suggests that correction is over and will push price lower.
Aussie did not reach 0.7700 area. Instead, price started to drop. A break of the lower boundary of its corrective channel, around 0.7485 is an indication that the pair already topped at 0.7675 last week.
We are still waiting for yen to pass through the 106 area to confirm that price trend is once again up. eeetradinganalysis.wix.com
As we stated in our last week's analysis, cable may rise up once more reaching 1.39-1.41 levels before downtrend resumes.
Euro like other pairs is moving sideways, and price may still go up temporarily, revisiting 1.1185 or maybe reaching 1.1230 before going down. But if EURUSD manages to break below its corrective channel, chances are, bears are back again.
Like Gold, Silver rallied as high as 21.10 before it turned down. Currently, price is trading sideways which may go as low as 19.00 area. A break out from its corrective channel will signal that this metal is back to being bullish once again.
Last week, this metal did rally as high as 1375 and is now trading lower. As long as Gold manages to stay within its channel, price may once again soar up towards 1350-1355 before going down once again.
Aussie price is still correcting and may rally to as high as 0.7700 as long as 0.7575 holds. A break below that level suggests that this pair already topped at 0.7650.
Yen with one more move down towards 97 area. If price manages to rise up pass 106.00 area, then bulls are back.
Price made a decent 5 wave down which has already ended at 1.2795. Ideally, cable may temporarily rise towards its 61.8% retracement at 1.4165 area before downtrend resumes.
As long as euro price is contained inside its corrective channel, price might still push up towards 1.1225 area. But a break below 1.0910 may confirm that the trend is once again bearish.
AUDUSD is still correcting sideways inside corrective channel which may push price higher towards 0.7800 area. But when it breaks below 0.7300, bears might be back once again.