This is my first trade ideea for this month. While doing my analysis i discovered a very nice big range development on the GBP/JPY. I went through other yen pairs but this one seemed more prolific.Excepting the all recent rather chaotic move on yen croses i sow a rather predictble pattern on this one.From the looks of it we seem to have an inverted head & shoulders. I studied past price action and find some similarities. I found another moment very recent were after a range on a daily
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SGD/JPY - Retest & Break of Fan Lines
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 80.41
SGD/JPY pair is in general a very interesting pair to study & analize.In the chart below we can that recent price development that occured as a retracement from that big bullish trend is constantly testing ,retesting & breaking fibonacci fan lines.I highlighted this zone in purple.We can see the first break of the fan lines 23.…
NZDJPY - Bull Run Towards Resistance
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :81.26
NZDJPY had a long bullish run last year from the (58.04) price level to the (86.45) level. From there we can see the trend pulled back and retraced towards fibonacci retracement 38.20% (75.60) price level and now continue the bullish run in the attempt to reach the previous major resistance set at (86.45) to retest it. I predict th…
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :81.26
NZDJPY had a long bullish run last year from the (58.04) price level to the (86.45) level. From there we can see the trend pulled back and retraced towards fibonacci retracement 38.20% (75.60) price level and now continue the bullish run in the attempt to reach the previous major resistance set at (86.45) to retest it. I predict th…
AUD/JPY - Third Wave ?
Charts: 4 Hours, 1 Day
Indicators: Fibonacii Fan Lines,Fibonacci Retracements, Support & Resistance Level , MACD, EMA 200,100,50.,Time Markers.
Current Level : 93.54.
AUD/JPY bullish trend pulled back after breaking 50% Fibonacci Fan Lines Level. Probablly the trend will continue it's bearish retracement until Fibonacci retracement lecel 38.20% (92.69) follwed by a strong bullish move until next retracement level 23.60%(97.57). There is an important resistance zone, and previously a range…
CAD/JPY Bearish Trend Development.
Charts: 1 Day,1Week.
Indicators: Fibonacci Retracemets;Fibonancci Fan Lines 1D, 1W TF;Support & Resistance Levels,RSI
Current Level : 95.34
CAD/JPY has finally encounter a Resistance at (101.33) after that strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart there where 4 consistent attempts to break lower 92.00 level ,unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ). I forecast that th…
Indicators: Fibonacci Retracemets;Fibonancci Fan Lines 1D, 1W TF;Support & Resistance Levels,RSI
Current Level : 95.34
CAD/JPY has finally encounter a Resistance at (101.33) after that strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart there where 4 consistent attempts to break lower 92.00 level ,unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ). I forecast that th…