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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.
by HashamARehman
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!
Short
by HashamARehman
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!
by HashamARehman
2
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!
by HashamARehman
2