Based on my weekly strategy, both the MA ADX and PFE is triggering today the GBPJPY 's intention of changing trend. It is signalling it wants to head long. This pair has some obstacles on the daily at around 143.74. Once price does not sharply reject this level and moves on through with a close above 145....our new long term weekly trend will be solidified and...
So the market has finally confirmed on the weekly chart that a historically bullish UsdJpy is not a figment of our imagination. Once the fundamentals (including political) remain as they are; it seems that we have now entered a "strong dollar" phase with the occasional dip from time to time. Trade bias: Bullish UsdJjpy. Enter after retracements or pullbacks on...
With Russia bolstering crude oil sales. CAD remains with some strength. Cyclically ranging pair like NZDCAD is giving a sell trigger on the weekly chart. See Lark PFE shift downward...Price has also closed back within weekly range after and over-extension. First TP 0.92997..Close below 0.925 may see follow through to 0.9000
Pair has been in range since July 2016 between 116.38 and 112. Overall trend is bearish on daily and weekly sitting below 200ema. Price has now reached key resistance on daily at 116. Enter short at 116 or above and take profit at 112.83. Tight stop loss at 117. Broader SL at 118. Once there is no major fundamentals to affect the JPY..a good possible trade.
PFE indicator triggered long 2 days ago..Looking for close above MAADX today to enter long..First take profit at 1.47. See green markings..Sorry I am very bad at chart drawings
BUt I said EU could go long at this level a halfhour ago...short term scalp