Forex Signals Daily for : EUR/USD GBP/USD USD/CHF GBP/CHf GBP/JPY USD/JPY EUR/JPY - page 26

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USD/JPY: 21 MA ACTED AS RESISTANCE
12:57 07.03.2018




The 21 Moving Average has acted as resistance, so the price is declining. The main bearish target is the lower "Window". If a pullback from this level happens, we could have an upward correction afterwards.



There's a bullish "Hammer", so there's an opportunity to have a local upward correction. Meanwhile, if a pullback from the Moving Averages happens little later on, bears will probably try to deliver a new local low.
 
EUR/USD: BEARISH "SHOOTING STAR"
12:55 07.03.2018




There's a "Three Methods" pattern, which has been confirmed. Also, there's no any reversal pattern, so the market is likely going to test the next resistance area. If a pullback from this zone happens little later on, there'll be a moment for a bearish correction.



We've got a bearish "Shooting Star" right under the upper "Window". In this case, there's an opportunity to have a local correction towards the nearest support, which could be a departure point for another bullish price movement.
 
USD/JPY: BULLISH "TOWER" PATTERN
12:18 08.03.2018




The 21 Moving Average is acting as resistance, but there's a "Morning Star" pattern, which has formed at the last low. So, we should keep an eye on the 55 MA, which could be a departure point for another decline.



There's a bullish "Tower" pattern, so the price is likely going to continue moving up. The main intraday target is the upper "Window", which could act as resistance.
 
EUR/USD: BEARISH "HIGH WAVE"
12:17 08.03.2018



There's a bearish "High Wave", which has been confirmed. So, the market is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.



The upper "Window" has acted as resistance, so the price is declining. The main intraday target is the 144 Moving Average. If a pullback from this line happens little later on, there'll be a moment for a bullish price movement.
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#FBS #Daily_Analytics #EUR_USD
 
USD/JPY: BULLISH "HAMMER"
12:50 12.03.2018




The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.



There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.
 
USD/JPY: FOREX OUTLOOK
08:48 19.03.2018


The yen is appreciating against the greenback again. Despite attempts of the US dollar to return its positions, news from the White House did not let the greenback to recover. Worries about the Trump’s protectionism and trade wars were reinforced by the replacements in the White House. The US President fired the Secretary of State Rex Tillerson and appointed the ex-director of CIA Mike Pompeo to this position. Both economic and political international policy of the US may become tighter. A new White House economic adviser announced a tougher policy in regard to China. Today the dollar weakened further as investors considered the implications of continuing personnel turmoil in the Trump administration. According to the Washington Post, Mr. Trump plans to remove his national security adviser.

Now the pair has come to 61.8 Fibonacci Retracement, if it is able to break it, the next support lies at 105.5.

However, there are chances that the greenback will find the support next week and the direction of USD/JPY will finally change. On next Wednesday we anticipate the US rate’s hike. According to forecasts, the Fed will raise the interest rate to 1.75%. Furthermore, a scandal with Japanese finance minister that is related to the school land sale still puts pressure on the yen. If there is an escalation of the scandal, the yen will weaken. That is not so bad for the Japanese currency because the dollar’s plunge below 105 will be critical for the yen and the Bank of Japan policy.
 
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lordsengwe:
HOW DO I GET THE SIGNALS?

Just some information about the Signal Service:

This is the information about where to start to.

 
GBP/USD: BULLISH "FLAG" PATTERN
10:56 19.03.2018



There's a bullish "Flag", so the market is likely going to test the next resistance at 1.3996 - 1.4069. This area could be a starting point for a decline towards another support at 1.3928 - 1.3888.



The price is still consolidating in a range of the developing "Flag" pattern. Also, there's a pullback from the Moving Averages, so the pair is likely going to test the closest resistance at 1.3996 - 1.4023 in the short term.
 
correct
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