forexrockz

forexrockz

Major support co-incides with a daily divergence

forexrockz

It's a major support and I believe the indicators are aligned with my expectation as well

forexrockz

I believe it will reach 1.793 again

forexrockz

For this week, I believe the AUDJPY will retrace significantly. Will look for a short around 61.8 fib

forexrockz

Weekly divergence, and support is broken. Further downside

forexrockz

Refer to chart for explanations

forexrockz

Price appears to be retesting major resistance once again, it is important to note there is a - weekly double top - possibly a daily double top could form - there was a 4H double top I think it's going for another retest but the daily indicators show exhaustion and possibly a reversal. There are no key fundamental news this week that could catapult it to break...

forexrockz

Great uptrend potential

forexrockz

- A beautiful break in a major weekly TL - Weekly stochastic and macd indicating downtrend - Daily MACD indicating downtrend - overall strength in JPY index

forexrockz

Good space for movement downwards - price is on a weekly downtrend with a triple top indicating reversal - daily macd below 0, indicating longer term down trend

forexrockz

Reasons for Sell - 4H EMA cross down - Broken TL - Daily MACD is indicating down trend - Daily Bollinger Band also on down trend

forexrockz

- Weekly is on a strong bullish uptrend and broken a minor TL - Daily is approaching resistance however most likely to break with the NZD interest rate remaining unchanged - The daily stochastic has not yet crossed down past 80 - The 4H stochastic and MACD is on the upside - The daily EMA's are also indicating a bullish trend

forexrockz

Reasons for Short - MACD Divergence on daily timeframe - Price rejecting resistance, and weekly pin bar - Daily MACD is decreasing - A pullback is due, key levels of fib levels and confluence of support

forexrockz

Reasons for Short - Weekly pin bar on major resistance - Broken TL - Decreasing Daily MACD - Decreasing Daily Stochastic

forexrockz

I think it will break to the upside as the daily stochastic has not yet reached 80 level

forexrockz

Short - trendline broken and daily stochastic and macd on downtrend

forexrockz

Good sell on retest of minor resistance

forexrockz

Double top on daily time frame at major resistance