AUDJPY - are sellers showing their cards on 84.00-84.36?Here we are on Aussie/Yen daily chart and as we can see this market is in clear down trend and now pulled back towards the old broken resistance (now acting as new support) which is nearly at 84.00-36. Looks like sellers are making their way to reach new lows from here. We will be getting in shorts after watching Daily session closing. Moreover we have good confluence reasons to support our trade scenario such as Trend, Horizontal (new) support and signal (i.e in formation, wait for NY closing).
Pa!
EURUSD - Bulls are managed to show their strength on 1.2206Here we are on EURUSD daily chart and as we can see price has reached towards its important support barrier which is nearly at 1.2206 we have obvious "BUEB" (Bullish engulfing bar) here on last daily session closing we have three factors support our trade here such as trend which is bullish long term, support barrier and BUEB setup itself. We can enter on this signal depending on our entry strategy. Let's see how market unfolds from here, safe trading!
EURJPY - are Bears eyeing on 127.71? Here we are on Eur/Yen Daily chart and as we can see this market has broken aggresively through the strong support area which is nearly at 131.68 and now it seems like bullish trend is going to reverse here so we will be looking for the pull back near this 127.71 area to look for sell price action signals. we have confluence factors here as dynamic layers is aligning with our over all scenario, we have static resistance level here, we may have new trend in play. Let's see how market reacts on that level. safe trading!
GBPJPY - are bulls going to dominate and continue bullish trend?Here we are on Pound/Yen daily chart and as we can see this market was in up trend, took pull deep pull back and now market has printed obvious bullish pin bar on swing level which is nearly at 147.94-148. We have three confluence factors here putting weight behind this trade scenario such as Bullish imperfect trend, support level and bullish pin bar buy signal. we will be getting in longs from here. Let's see how price reacts from here, safe trading!
NZDUSD - Sellers are looking exhausted on 0.7200...Here we are on Kiwi/Dollar daily chart and as we can see this market has recently rise higher aggressively and now pulled back towards BRN (big roung number) level which is 0.7200 and on last daily (Thursday) session closing market had printed long tailed pin bar buy signal along with the confluence of bullish trend, 50 ema dynamic support, very big round number and long tail pin bar signal itself. we are getting longs from here. Let's see how market unfolds from here. safe trading!
EURJPY - are bulls ready to continue their track from 134.4?Here we are on Euro/Yen daily chart and as we can see this market is trending higher and we have seen in recent weeks that this market is giving bullish opportunity on pull backs. Again we have the same scenario here. This market has printed Bullish tailed bar in lined with good confluence factors such as Bullish trend, Static horizontal (new) support, 50 ema dynamic support layer and lastly Tailed bar itself. we may getting longs from here. Well! let's see how market unfold from here. good trading!
Are bulls going to take control from 87.32?Here we are on Aussie/Yen daily chart and as we can see this market is in now bullish trend and price had multiple higher highs and then pulled back on near term daily support area which is nearly at 87.32, printed coiled inside day setup there also holding confluence factors which are trend, near term daily support and coiled inside bar buy signal itself. we are getting in longs from here. Let's see how market unfolds from here. safe trading!
EURUSD - Next bullish leg may possibly begins from 1.2072 Here we are on Euro/Dollar daily chart and as we discussed in our last analysis that this market has broken through weekly/monthly resistance swing level which is nearly at 1.2072. Price had closed very aggressively above it and we are waiting for this market to rotate towards our (value area) new support 1.2072 to begin new bullish leg from there. We have good confluence factors here which is support our trade scenario, such as Bullish trend, dynamic support layers 20/10 ema's and static value area. Just wait for price to approach this value area and print any of the bullish confirmation signals here. safe trading everyone!
USDCAD - are bears coming back to claim 1.2460?As we are on Dollar/Loonie daily chart we can see on 27th December NY session closing bears are managed to close below 1.2663. For now we will be sitting on sidelines and observing this market how it reacts in coming weeks. we will be watching for any strength (pull back) near old support or range boundary which was playing since 41 days. safe trading!
EURJPY, Bulls eye on 136.68 as they closed above 134.40 Here we are on Euro/Yen daily chart and as we can see this market has been played in range for almost 31 days and on last NY session close (20th dec 2017) bulls had managed to closed it above this range boundary / key resistance which is nearly at 134.40. As we can see on weekly chart as well that the next area 136.68 is very obvious key level where bulls may take price to as new targets. We will be waiting with patience to see how this market reacts in coming weeks and we will be interested in any weakness on this resistance boundary to print bullish price action signals for us to get in longs.
AUSSIE/DOLLAR has printed sell signal on trend level 0.7625Here we are on Aussie/Dollar daily chart and as we discussed on our last analysis of this market dated 23rd Nov this market is in down trend and was stalling on that level for two consecutive days. we have predicted that market may fall from here once again looks like on last daily session NY closing it has printed Bearish fakey / Bearish engulfing setup. We have good confluence factors lining up here such as trend, 20 ema's dynamic layer, fib retracment 50% level and signal itself. We will be getting short in this market. good trading!
KIWI/DOLLAR is pulling back towards continuation level 0.6885.As we can see Kiwi/Dollar on daily chart is in bearish bias and now market is pulling back once again toward near term daily resistance level 0.6885 which may lead price to continue its main dominant trend which is bearish. We would wait for price to react on this level and look for sell signal there. We have good confluence factors lining up here with this trading scenario such as bearish trend, near term daily level, 20 ema just above the price and Fibonacci retracement level 50-60%. good trading!
AUSSIE/DOLLAR is turning back towards trend level 0.7625As we are on Aussie/Dollar daily chart we can see this market is in down trend. price had made new lower low on 17-Nov-2017 and now market is turning back towards 0.7625 which is acting as near term daily support level. Also notice that this market was in consolidation phase from 6th to 10th of November. Technically price is coming to retest this past consolidated structure. We will wait and look for any sell signals from 1 hour / 4 hour or daily chart to get in shorts. We have great confluence factors lining up here such as Bearish trend, 20 ema just above the price, Fib retracement level 50-60%, horizontal near-term support near by. good trading!
USDJPY has cracked weekly swing level 111.65 Here we are on Dollar/Yen daily chart, as we can see this market has been falling from 114.33 as we have tailed reversal bar there and now market has broken through and closed below 111.65. We would wait for this market to pull back towards this area and on any bearish signals we will be getting short to it. Keep a look out on this level. good trading!
AUSSIE DOLLAR/YEN is approaching near key level 85.67Here we are on Aussie Dollar/Yen daily chart, as we can see this market is in down trend and after breaking down side of short descending channel it has broken the key level 85.67 as well. After last daily session closing we can see market is rotating back towards the same key level. In this scenario we will be waiting with patience on this market to approach at that level and print sell signals there to get in shorts. Confluence factors that put weights behind this trade scenario are Bearish trend, Key level and signal itself. good trading!