Forex Analysis - page 46

whiteking
468
whiteking  
Gbpusd on correction time today, if look yesterday movement this pair after down trend then move on consolidation time,

look on hourly timeframe now tendencies to bullish pressure, but still worried if this only temporary and not break high
AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 125.45
•    The level of profit and close the position: 128.00 (255 pips)

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whiteking
468
whiteking  
Whether still possible on gold will continue to bullish, because on weekly timeframe still dominated on bullish pattern

might next target in resistance which on area weekly for major target
willyw
160
willyw  

US Dollar / Japanese Yen-USDJPY As of 11/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 116.4590

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 14 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.18%, and has been fluctuating from a high of 118.599 to a low of 114.245.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 51 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 13 day(s) ago.

 

 The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) are showing a SELL signal for US Dollar / Japanese Yen.US Dollar / Japanese Yen is showing a sell exit opportunity. The ADX is above both Minus and Plus Directional Indicators and going down. This indicates that the current uptrend may have run it's coarse. This might be a good place to take some profits or wait to re-enter when the ADX turns up.

 The last Directional Movement Indicators (DMI) signal was a SELL 0 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 4 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

  The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed below the lower Bollinger Band by 8.8%.  Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that US Dollar / Japanese Yen is in to continue.   Bollinger Bands are 44.61% narrower than normal.  The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term.  The Bollinger Bands have been in this narrow range for 3 day(s).  The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 


AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 0.7520
•    The level of profit and close the position: 0.7620 (100 pips)

More on web site AzaForex


Ivan
416
Ivan  
The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 114.54, shedding 0.14%. I believe that the support is now located at the level of 113.73, the low of Thursday, and resistance is likely at the level of 117.53 - the maximum of Monday.
deresel
694
deresel  
USD/JPY
Key levels to watch for:
Support: 114.00; 111.00;
Resistance: 116.45; 118.30.
willyw
160
willyw  

Weekly US Dollar / Japanese Yen-USDJPY As of 13/01/17

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears. 

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 20 wwek(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 12.44%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 34 Wwek(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell  2 wwek(s) ago.

 

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator is in an overbought condition.

 

 The last Directional Movement Indicators (DMI) signal was a BUY 8 wwek(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 11 wwek(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

 The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 26.4%.  Bollinger Bands are 135.40% wider than normal. 

 


willyw
160
willyw  

Daily US Dollar / Japanese Yen-USDJPY As of 13/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 115.1700

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 16 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.63%, and has been fluctuating from a high of 118.599 to a low of 113.757.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 53 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 15 day(s) ago.

 

 The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 2 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 6 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

  The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed below the lower Bollinger Band by 2.4%.  This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.  Bollinger Bands are 32.40% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.


AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 160.00
•    The level of profit and close the position: 163.00 (300 pips)

More on web site AzaForex