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USD/JPY Multi-TimeFrame Analysis Monthly: Huge rejection of 112 level with two spinning tops and a huge bearish engulfing candlestick Weekly: Break & retest of 108.5 zone with a nice shooting star rejection candlestick Daily: Bulls failed to take controll of the market by breaking the ascending trendline. Bearn are now on controll 4Hour: We have a descending channel. Price retraced to our minor zone and fib 61.8 and also correlates with our 50 EMA Waiting for price action to pull the trigger #tradesafe
Short
by theforexdaddy
1
DXY Support zone and possible TP area for bullish pull backIn this chart we can see the dollar index finding support at the same area as two previous lows. You may also notice Monday closure perfectly landing on our -0.27 Fibonacci extension, furthering on we spot a daily bullish spinning top Tuesday rejecting the low zone previously mentioned and closing above the fib level! Running from the end of September 2018 we have a trend line, holding price up on multiple occasions. That is until recently, the break of this trend line came in mid June. If price manages to break back through the base of our Fib I would likely be looking for short entries between the 96.75 and 96.85 region. This not only coincides with our trend line but looking left also a decent sized mid range zone.
TVC:DXYShort
by Trading-Ring
AU: Holding Neutral ahead of RBA DecisionAU remained neutral ahead of RBA decision - closing below .6935 resistance -- A retrace to .69650 could be in the picture before cut talk; My view remains to short and should remain bearish under .70000 price point. AiG Manufacturing news out soon will help set the tone heading into the week... Support Levels: .68950, .68650, .68250 Resistance Levels: .69350, .69650, .70000 *Not Professional advice, just my viewpoint. Let me know what you think! -Krecioch
by Krecioch
AUDNZD Fresh supply & demand ZonesWe are seeing that currently, we placed our fresh major supply and demand zones in our trading pair AUDNZD , It has yet tp be breached with price and hence we have an untouched zone, deemed worthy of being a confirmation for a reversal since our extension area. We are currently in a nuetral position with this trading pair and we are looking to go either long or short based off what price action is going to be telling us.. we have the coordinates on each of my zones, in (AQUA) colour so you can see exactly where my zones are... This will be done with all my supply and demand zone analysis for today only until we exeucte our positions. Watch and wait for either our supply and or demand zone has been Penetrated with price
by Trellz_