AUDJPY Trading idea for the week of 8-April-2019

AUDJPY has been in an overall uptrend for the past two weeks. However the currency pair has now reached a massive resistance zone and closed on Friday to form a shooting star on the daily time frame. Trading preference We can look at 4-Hour time frame and look to sell when the

Australia 200 – Rising Wedge – 03 April 2019

We are looking at Australia 200 Index, on the 30 minutes time frame. We can observe a rising wedge. Trading preference Preference is to the upside as indicated by the arrow, towards the upper resistance zone of the wedge. Disclaimer: Our analysis and forecasts given on this website are just our point of

GBPJPY trading idea – 03 – April-2019

We are looking at GBPJPY pair on the 30 min time frame. The pair has been rallying and has now run into resistance. Our preference now is to sell the pair, with the downside target of 145.745. The fundamental view supporting this idea is the disappointing Services PMI data from

CHFJPY forecast for 2-April 2019

We are looking at CHFJPY H4 and Daily chart. After rallying on Thursday and Friday, we can see that the pair has run into resistance. The market opened this week with a gap, and we can see the gap has been filled. Therefore our prediction is to the downside target of

XAUUSD forms a bullish harami 27-Aug-2018

A bullish harami has formed on the weekly chart of price of Gold. This is a bullish sign. Gold closed the week above the important level of 1200. The market has bounced from this area previously. We can also see that this move has broken the up trendline on 4-hour charts. Trading

EURUSD inverse Head & Shoulder pattern on H4

EURUSD staged a massive rally last week and has closed the week above 1.1600 level. This upward movement has been largely due to USD weakness rather than EURO strength. We can see an interesting pattern on the 4-hour time frame. EURUSD 4-Hour It is an inverse head & shoulder pattern. This is