Price closed below the 200MA which signals us to look for a bearish move for USDJPY. We have had a very strong move to the downside where price has formed support at 109.479 at the weekly close. From there price tried to retrace back to the 78.6% Fibonacci Zone of 110.105 but got rejected and closed below the key physiological level of 110.00. Stay clear from...
Please refer to the chart, AUDUSD is not able to push through resistance at the 38.2 FIB level, now I have taken a short trade with a target to the next support level. USE risk management. Any comments will be appreciated.
Formation of a bearish shooting star candlestick! Thoughts?
Please see the chart, your comments will be appreciated.
We can see EURUSD currently at the upward sloping trend line, which is near to the 50% fib level, have the sellers exhausted, and giving charge to the bulls?