For the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence...
HI. as you can see in the chart, a head and shoulders pattern is in construction, we are waiting for the gold prices to move up again to 1979 zone where sells orders are set for a final target around 1922. NB : gold can also break 1960 directly without forming the right shoulder, but it is not a strong option at the moment, so we do nothing but wait to reach our...
THIS IS IMPORTANT!! SELL usoil this rejection we're seeing here is glorious honestly, it has the largest volume since 07 Dec 2021. this is the perfect chance to sell market, price is just waiting for market to open, that's it. I mean, I don't have much to say about this, it can't be clearer bears have won.
It looks like we are in a final run higher here. If we start to square off and trade sideways in here then expect a huge down week next week to 3700. Short the bounce! :)
Bullish trend is slowing down and it's time for the pair to make a correction. The most possible goal is to retest a broken trend line
EURUSD Analysis on the Daily Timeframe. I usually do my analysis on the 4HR, however, looking at the chart on the daily looked more simple and easy to analyze. Clear Head & Shoulders pattern occurring on the daily chart. (Yellow circle). I am waiting for that last buy retest candlestick to close, so this may take about a day. When a new daily candle forms,...
Why sell? Trendline resistance 0.618 retracement Hidden bearish divergences Doji at the trendline (deviant gravestone) Good luck to all trading JPY!
On the higher timeframes we can see an obvious uptrend beginning to form on GBPUSD. The current price has gone back up and began to come down after confirming a double top on an ascending triangle formation. We are taking sells until it continues to go down to create a 3rd touch point of the triangle on the horizontal support line, where we have set our buy limit.
Head & Shoulders formation off of the 'daily' time frame. Using a 4H to execute.
1. Descending triangle 2. Market structure resistance 3. Trend line resistance