DXY Dollar Index Long to 97,60 Area: with option to 99,xx. For any questions, please leave a message. TVC:DXY
My view at the moment. Resistance points, confluence, & patterns noted on chart
It looks like the last move down a few days ago may have truncated to complete the pattern. Counting this as a third wave up at the moment. Upon completing a 5 up, will look for entry points on a correction. See attached chart for the weekly view. This should be the start of a massive move up over the next months.
It goes against the grain of current market rhetoric but the large Bullish Bat has hit it's lowest target (75.764) & showed a good reaction from it (as well as the other major points in the PRZ including a 161.8% ext.). RSI (14) shows bullish divergence potential here as well as this new low in price is not matched with a new low in RSI. The last 3 pivot lows are...
AUD/JPY rejected at session highs bt 75.88 , fell back to near 75 levels and is threatening to dip further into the red. Yen on the rise, while bearish iron ore forecasts for 2016/17 by Australian government hurt Aussie. On the 4-hourly charts. AUD/JPY has broken major trendline support at 75.35, bias lower. We see scope for test of 74.55 levels, break below...
AUD/JPY has breached major trendline support at 77 levels and hit session lows of 76.51 after RBA stays on hold. RBA Board decided to leave the cash rate unchanged at 1.75 per cent, as widely expected and said that inflation is quite low and would remain that way for some time. Regarding the exchange rate, the RBA said that a rising A$ could complicate economic...
Weekly chart -- massive ending diagonal has reached its target. Over the next days and weeks, I'll be looking for long entry signals for a long-term advance north. Brexit has caused quite a few markets to hit their final targets....
AUD/JPY just recently again broke above and has retested a downward trend line it has created and been under for a while. A break and close above 78.550 will see us re test the next point on the trend line at 80.00.
AUD/JPY is extending rebound from 4-year low of 77.51 (levels unseen since June 4th 2012) hit on Tuesday. A renewed risk-on wave appears to grip the markets amid a minor pull back seen in the Asian equities, halting JPY upside. The pair has broken above trendline resistance and major psychological levels at 78 and finds major support on 4H charts at 77.90. 4H...
Sell explanatory, based on technical analysis of the graph
JUNE PROMO: www.StarProsper.com PAIR: AUD/JPY TIME-FRAME: 15M TRADE: GARTLEY PATTERN NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Looks like AUDJPY is about to finish the corrective structure and break the trendline which would take the price to at least 80.60 area.From there the E wave completes and probably we'll see a lot of downside movement.Trade your plan.
JUNE PROMO: www.StarProsper.com PAIR: AUD/JPY TIME-FRAME: 1HR TRADE: CTS Looking at taking a Short position on AUD/JPY - waiting for a DT (LTF) for our ROE to be met. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
WAIT FOR THE CHART GIVE YOU DIRECTION. RIGHT NOW I'M WAITING FOR CLEAR SIGNALS IT DOES LOOK LIKE AUD IS WEAKER, I THINK 78.00 TO BE BROKEN. WILL NOT SELL UNLESS A CONSOLIDATION BELOW THIS IS FORMED AND BROKEN
After an impulse wave, we can see a triangle forming in this pair.I'll be waiting to sell the breakout but we may see a bit more correction as the wave E is on it's way. Breakout may occur anytime soon so I'll be watching this pair as it goes. Trade with care