itsjustanalysis

itsjustanalysis

AUDJPY looks to have a double top on the daily. There is a firm rejection candle on the 27th indicating a reversal is probable. The RSI has crossed down from being in overbought territory. The MACD has also crossed down. The OBV has crossed it's EMA and trending down as well, this is indicating some distribution and selling happening. I am looking to short on a...

itsjustanalysis

Looking for a break of this line to the upside and entering a quarter of a position. If there is a retest of the line as a support line, entering in the rest of the position for a long.

itsjustanalysis

I had this line here listed as a significant historical price point, the break of it yesterday launched it above with the fundamental news releases. However, prices have been receding and returning to older values and a break of this line with price holding below would be a great place to add to shorts.

itsjustanalysis

USDJPY has broken through a fairly tough resistance line and it's currently channeling up. The bottom of the channel is near that resistance line and the 2/1 GANN line. A break of this would probably be a violent thrust down, while a test on that line would shoot it back up well above the resistance line, remaining in the channel and display a confirmation of a...

itsjustanalysis Updated 

This appears to be a good time to short EURUSD for the long-term based on the daily and weekly charts. Weekly There are 3 key areas of resistance that EURUSD has failed to hold above and/or penetrate. * R1 * Fib 0 * GANN 4/1 All of these are within the 1.126 and 1.13 area. Stochastics are also in overbought territory with the fast crossing the slow,...

itsjustanalysis Updated 

Weekly After the US FOMC rate hike on 6/14, NZDUSD has been forming a very bearish inverse hammer on the weekly chart. Stochastics also show it is in overbought territory, with the fast crossing below the short, a very bearish sign as well as a price rejection near the top of the channel. This is one of those setups I like to call, 'set it and forget it'....