savvyacademy

savvyacademy Updated 

USDJPY on M15 chart has broken the up trend line and likely to seek support near 136 in next few hours.

savvyacademy Updated 

GBPUSD M15 show a good downtrend breakout and is looking to break multiple short term resistance level

savvyacademy Updated 

A triangle formation and a bullish breakout. Support at bottom of the triangle with risk - reward at 1:2.

savvyacademy

USDJPY is on a bearish reversal and on a bullish trend channel. 137.66 may be the near term resistance and 142.25 a major resistance. Any movement below 132.90 is likely a continuation of long term bearish movement.

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Preceding a broadening formation It seems higher probability to sell DOW30 than to buy it.

savvyacademy

With EURUSD price near parity, it seems that there is a confluence of bearish trend channel and a three-drives pattern. Possibly an entry near 1.034 with stop loss near recent low and a target near 1.0455

savvyacademy Updated 

Given the backdrop of strong bullish rally for USDJPY, it is highly unlikely that a bearish reversal is in sight. Price is contesting recent bullish breakout levels, with seemingly rising wedge pattern to signal potential bearish move. For a conservation entry, look at near 133.60 for potential re-entry for next new high near 138 - 140.

savvyacademy Updated 

A nice bearish trend channel for past few months seems to continue.

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Given the bullish rally and that BOJ is unlikely to provide bullish support for JPY. The Fib retracement maybe good opportunities for re-entry and exits as marked.

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On 1H chart, up trend line and down trend line cross, the current bullish up trend may challenge a few fib retracement zone. Set up here is only on the near term target.

savvyacademy Updated 

This is a long term call for USDJPY. With the pandemic as the backdrop and inflation as current theme, the only reason for USDJPY to u-turn from the current bullish trend is sovereign default. That is highly improbable given the creative ways to support the economy by allowing central banks to print legal tender notes, making periodic economic-positive...

savvyacademy

EURUSD will continue to the bearish trend due to Ukraine war, with the backdrop of the persistence of COVID-19 pandemic and slow economic restarts, this may fuel the currency to find support near 1.0650. A possible support trade may be in the playbook when that happens.

savvyacademy Updated 

A evening star, which seems to hint that the current bullish sentiment has waned. This bearish pattern was formed just above the recent resistance and recent price action has turned lower below it. So, it is highly bearish and a lucrative target at 112.50 region will result in handsome profits for an ambitious and patient trader.

savvyacademy Updated 

With 2021 double top as backdrop, coupled with 2021 lows near double top measured move and weekly 61.8% retracement, EURUSD is poised to be bullish for 2022.

savvyacademy Updated 

With the recent bullish rally background and bullish base around weekly pull back at 61.8%, there is a higher bullish move probability for coming days.

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On the weekly chart, SPX had a bounce off support and is currently at the axis line. This may suggest a potential pullback for a bullish continuation. 4800 maybe a near-time psychological resistance, with 5,000 as all-time high and a major resistance at end of 2022.

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Here is anticipating a large trading range so that AUDUSD maybe forming a bullish base. Based on short term sentiments, selling at pullback seems to be of a higher probability and first target at near support found near end Jan 2022.

savvyacademy Updated 

AUDUSD seems to be forming the double bottom. Expects to be bullish for any daily false breakdown and to take profit near the neckline of the double bottom.