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Thebrowntrader

EUR/JPY 4HR // 23 April 2024 AnalysisLast week, EUR/JPY respected the uptrend it has on the 4HR timeframe and moved about 250 pips from the previous area of support at 162.500. We can see that it has been holding the 165.000 area as a strong resistace where price has tried to break it a couple of times but has always rejected. As it has been in an uptrend, we could see a potential break of the 165.000 level. For potential buys, we can wait for it to break and retest the area with the target being the 167.500 area. There is also PMI news coming out for the Euro in a couple of hours so we can expect to see good movement in the market.
by thebrowntrader
AUD/JPY 4HR // 11 April 2024 AnalysisWe saw AUD/JPY break the 100.00 level yesterday and come back down. We can also see a good uptrend on the 4HR for AJ. Looking to see how it reacts to the trend line and the area marked around it. Potential buys if it respects the area and bounces back. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
by thebrowntrader
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GBP/AUD 4HR // 12 April 2024 AnalysisFor GBP/AUD, we can see that there is a 4HR downtrend which has been respected. Currently, the price has rejected from the 1.92500 key level. Looking at the 1D chart, we can see a long term uptrend. What we could looking for after that 1.92500 area rejection is price moving towards the 1.9000 Major key area, possibly respecting the area as well as the uptrend on the 1D. Long term swing moves to be expected, dependent on how the market reacts to those level. Long term analysis.
by thebrowntrader
EUR/JPY 4HR // 11 April 2024 AnalysisWe saw EUR/JPY beatufully react to the 165.000 area. EUR/JPY also has a 4HR/1D trend line in play. We can expect it to come down to the trend line and see how it reacts to the area marked as well as the trend line. Looking for buys if it respects the area and show us a good bounce back. This may not happen until next week so lets keep an eye on it. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
by thebrowntrader
AUD/USD 4HR // 11 April 2024 AnalysisFor AUD/USD, we saw a huge drop in the price following the CPI news yesterday. Today, it is near a key level of 0.65000 which has been acting as a great level of support. Waiting to see what price does around this area. US PPI news coming out today so we can expect big moves. For long positions, waiting for a bounce back. For short positions, wait and see for break and retest of that level. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
by thebrowntrader