US Dollar and Philippine Peso Analysis (Daily Chart) 11.13.2018
Still an Uptrend. Price hit EMA 200 on 11/7, Bearish Candle, but followed by 2 Bullish Candle
Price just came from a major support level
Retracement already ended, Stochastic is almost on level (out of the oversold zone)
Generally a Healthy uptrend
Recommendations: BUY at 53.025 when market opens...
Kiwi-USDollar Analysis 11.06
Still a downtrend as prices/candles are below EMA200
Healthy Trend to the downside - Exceeds EMA20 but respected EMA50 (June and September 2018). It exceed EMA50 on Nov. 1 but there was a price rejection on Nov. 2 (Non Farm Payroll)
Broke out of Channel on Nov.1 and stayed out of the channel until the current date, Nov. 6.
Structure...
Buy order -Uptrend
Candles are above EMA200
Healthy Trend since the chart is respecting EMA50
Buy Order below resistance Level
May pullback on EMA50
Still an uptrend validated by the last higher highs and higher lows
Enclosed in a channel trending up.
TP1 is based on higher high of the Daily Chart
TP2 -1,44 is based on the Resistance level on Weekly Chart
Exit...
