AUDJPY closed bullish at the end of June 2011. At this point in time, price is still stuck in a 400 pips range between the price of 84 to 88. AUDJPY Daily Looking at the day chart, price is potentially forming a bullish flag pattern which is
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Read more →In Week 8, AUDJPY dropped about 250 pips from its high. Price then subsequently recovered about half of its loss before the week closed. For Week 9, will price continue to fall or will it continue its long term upmove? Let’s examine the charts for some clue.
Read more →A 5 yrs look back at this currency pair reveals that AUDJPY might be approaching a very strong support and resistance(SAR) zone soon. Zoomed out Day Chart Coming into 2011, it is optimistic to predict that price will at least test this SAR zone before any change
Read more →As we go into the sixth month of the trading year, here is a quick review of USDX price action and its possible future moves. As with previous posts, the Dollar Index is on a bullish up trend, moving within an equidistant (ED) channel (blue). The bullish trend
Read more →Last night we saw a bull trap. That’s over. Based on the proximity of GBPUSD to the support now, it might be bulls’ turn. If so, the next zone to watch is the pullback resistance. If that breaks, this whole episode is a consolidation. If that resistance
Read more →The Swissy did a throwback on the day chart. From the hourly chart, it is clearly expanding after base building. Are dollar gains here to stay? DX chart from Ino.com. The USDJPY is making similar move. Throwback move is also mirrored in USDJPY while a wedge formation
Read more →There is a confluence of supports here at this moment for the Cable. Besides a throwback to the previous resistance trendline, there is an addition of 55ma on the 4-hour chart as well as monthly and weekly pivot M2. If the 1.9600 to 2.0024 move were to
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