AUDJPY not ou of the wood yet BUT! This AUDJPY seems to be forming a base with support 75.00/20. The quick move back up from the trendline and the 75.00/20 zone
is promising. Let s see if we can move back above 76.20/35.
Tradingidea
USDJPY: resistance capped - sharp fall Retracement resistance at 108.90/00 has capped to avoid a base to see a sharp fall, with support next at 107.60/50 USDJPY failed to clear key resistance from the 38.2% retracement of the fall from April at 108.93, avoiding a small ‘head and shoulders’ base to see a sharp turn lower within the recent range. Support moves to 107.74/71 initially, ahead of better support at 107.60/50, which we ideally look to hold above to maintain the upside pressure within the range. Thereafter, immediate resistance moves to 108.14 then 108.48. Above can see a move back to 108.90/00, which remains a crucial barrier. Above here would suggest scope for the 55-day average at 109.08 where we would expect to see renewed selling initially.
A clear break below 107.60/50 remains needed to confirm the recovery effort is over, with potential uptrend from January then seen at 106.97. Below would clear the way for a move back to retest the current low and "neckline" to the early 2018 base at 106.78/69, where we would expect to see renewed buying.
AUDJPY: Let s keep an eye on that cross.the AUDUSD moved up yesterday following Powell comment. It will start to face resistance at 0.6990.
USDYEN: 107.60 is key support on the short term.
Support & Resistance are well defined on the chart.
Corn sell signalsCorn, weekly chart: 4 years long resistance zone + "Evening Star" candles pattern + Divergence on RSI(14) + "Shooting Star"/Pin bar candle pattern on monthly chart.
USDYEN : waiting for Powell! USD/JPY bid but holds under 109 ahead of Powell testimony
• USD/JPY bid on Gotobi Tokyo fix demand, Asia 108.85 to 108.99 before fade
• Offers ahead of 109.00 vacuumed but plenty more at 109.00, beyond
• Some specs eyeing stops 109.00+ but Japanese exporters, option players await
• USD 1.8 bln 109.00 option expires today, tomorrow 109.00-50 total 3.5 bln+
• US yields firm pre-Powell testimony, Tsy 10s @2.074%, Asia high 2.086%
• Powell talk tonight could prove decisive for USD going forward
NZDUSD what do you think of this double bottom?NZDUSD: double bottom ---> back on the trendline what now? 0.6653/58 key level.
EURCAD chart of the day has fallen sharply to challenge the 2018 low and medium-term uptrend from 2015 at 1.4766/60. A break below here would see a large top complete to mark an important change of trend lower with support then seen next at the 38.2% retracement of the entire 2012/2018 bull trend at 1.4616, with the long-term uptrend from 2012 and September 2017 low at 1.4442/41. The risk is seen lower whilst below 1.5054.
USOIL shortdaily 4 hours 1 hour chart confirms our short bias and the downward movement is respecting the fib levels very high probability for a short trade
CadChf longhead and shoulders and daily and on 4 hours clear rejection of 61.8%. you can put your stoploss higher but I think it better to put the stoploss below the left shoulder wicks on daily
XAUUSD pending buy limit order expecting manipulations and pressure to fill up the gap and a good retracement for long position
EURUSD long pending buy limit just waiting for a retracement to confirm another wave moving up as we still have room to grow on eurousd to hit weekly resistance
NATGAS XNGUSD SELL LIMIT ORDER expecting some manipulations so if the price doesnt hit until tuesday i will cancel the sell limit but generally a good supply zone you may wanna keep it
EURNZD 4hours possible short entries before reaching the grey Areas or breaking the trend lines there is no possible short entry as euro is getting stronger as a currency it self too, its quite risky to enter without confirmation but as the ladder shows, we are clearly seeing weakness in the on going uptrend
XAUUSD analysis if we get a break out of this formation we can enter long or short depending on the broke side with 4 hours retest confirmation
GBPNZD 4hours analysis any breakout and retest of the triangle formation withing the cross will be an indication of market movement
NZDUSD 4hours LONG!!!this formation is quite rare but Im always looking for it in any chart or time frame, do not take it blindly wait for a break out formation or confirmations such as rejection or retest of broken trend line or dievergences for now im still waiting too what is going to happen
CADJPY LONG 4hoursi call it the cross formation that you can see on the chart it has a very high probability since it forms in a trending market so i expect the price keep changing trend to upside and downside until we get to range and correction conditions
USDCHF multitimeframe projection !!!!waiting for confirmation from 4 hour chart if we get a good rejection we enter for a good Risk to Reward trade
GBPJPY long!!!this is the process how i find my trades coming down from monthly and mostly break out trades the last few trades didnt go so well due to so many news and gaps in the market but this month we will recover and get back on track. when you want to find MACD breakouts the reference points should be the last divergence that reversed the market the soul strategy comes from VDUB you can check his strategy and channel but i do combine a few methods that ive learned during past 7 years of trading.
XAUUSD long position IDEA from 1 to 2 divergence from 2 to 3 no divergence showing weakness in the trend + when markets are slow like this week because of asian session investors turn to gold as their safe heaven so we will see more volatility on gold this week
