At last USDJPY brokout the range it was trapped in for quite some time, thanks to the FOMC last night. The target after breakout of 111.00 seems like 110.10, and in case (which is likely) it can successfully breaks that, 108.50.
Last night's FOMC produced the push EURUSD needed while it was flirting under the year long trend line at 1.1360. Next target seems 1.1540, and on breaout and retest of that, 1.1816.
USDJPY got multiple rejections from daily resistance zone 111.70-112.0 since 4th of March this year. Note that this daily resistance lies between 1.272 & 1.41 Fibionacci Extention. The RSI signalled "over sold" too on 4th March. The pair tried once more to break the reistance but failed on 15th March. Sell target seems to be 0.38% of Fib Retracement tool which...
DXY made a bearish harami candle last week on weekly resistance and bollinger band's top. Not only that but it broke the 20 period moving average as well. Next target seems to be 95.60.
USDCAD has successfully retested the daily resistance(now a support) of symmetric triangle it broke on 5th March this year. Note that this resistance and 20 period moving average were in conluence there,making it a double support.
CADJPY made a shooting star on weekly resistance.Next stop seems to be the weekly support (although the pair has to clear 82.30, the daily support),where there is a confluence of weekly level and bollinger's floor i.e., around 80.55.
USDCHF has been testing a major weekly resistance 1.01185, and has now made tweezer top.
I previously pedicted a short opportunity on CADJPY on H4 time frame, which is going in the right direction. But now the pair has shown signs of bearishness on daily time frame. The target can be extended further down.
AUDJPY is range bound on daily chart. 79.66-79.89 might produce a sell opportunity. Only time and the candle pattern will decide that. By the time the pair reaches the top of the range the RSI will likely be indicating "over sold" also.
Tweezer top on H4 resistance. Likely target 83.30 and on Newyork session closing below that 82.55.
USDCAD is long on weekly chart. The downward trend of the past few days can be termed as correction. That correction seems to be over now as the pair has retraced 50% on the daily time frame and has shown signs of bulishness on H4 time frame.
USDCAD is in uptrand on weekly chart. The down trend of past few days can be called correction since it went overbought and got over strentched. The correction seems to be over now, and the up trend continues.
GBPUSD is standing under a significant level i.e.,13300( although it broke that level yesterday amidts the Brexit volatile situation). If today the pair manages to get a closing above 1.3300, I see it going uptill 1.3800.
I have just published a monthly chart of NZDUSD. Read this chart with that.
NZDUSD, since its drop in 2014, has retraced 50% and hit that 50% point three times over the past few years. If the 50 EMA(red one), crosses the 200 EMA( blue one), then the "death cross" will slam it to the 0.4974 point over the coming years. But since its a long shot, we will have to see whether the pair can break the weekly trend line or not.
Today is voting on Brexit. The outcome as I foresee will be against the Brexit deal UK's govt is presenting. This will result in a huge plunge for all GBP pairs.