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USDJPY MAY TEST 104.63 AGAIN

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Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, rectangle.
USDJPY Weekly Chart

  • The MACD on the weekly chart is in the negative zone and falling.
  • The RSI is rising.
  • The Stochastics is also rising.
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AUD/USD in for another leg down

Aud/Usd looks like it is in trouble on the charts
After keeping the rates on hold this week, the Aud is still looking weak,
and resistance area just above 0.78 seems to be holding any move up
Now what can't go up must go down,
and I will use the weekly and daily charts to see where we could be heading too
Aud/Usd weekly chart
On the weekly chart we can see the pair moving down
The rsi_14 is, and remains very low, around 26 - the pair is looking very week
On the weekly chart I have put the monthl…
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AdamFx42 avatar
AdamFx42 20 Mar.

After a deep plunge down - almost reaching my target - the pair is back just below 0.78 resistance area - looking for the next move down

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AdamFx42 28 Mar.

pair is looking weak again now, 0.78 is resistance, expect a move down soon

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AdamFx42 3 Apr.

Pair has moved down strongly prior to expected rate cut this month by RBA
My target was hit yesterday, and pair is holding around 0.765 now

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AdamFx42 8 Apr.

RBA no rate cut has led the pair higher, but it remains bearish long-term,
my target might still be hit if there is a bearish (news) trigger

AdamFx42 avatar
AdamFx42 13 Apr.

Aud weakening again, as predicted -- target now in sight, about 40 pips above

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USD/JPY breaking support around 101.5

A truckload of poor data on the economic calender has caused Usd/Jpy to break 101.5 support
This crucial support level break will eventually lead the pair down to 98 if it is not taken back soon
All the Yen crosses are hurting, too, and Gbp/Jpy is also at crucial support of 165.5,
a reason to buy one would say...
I am long Gbp/Jpy at the moment, but the signs don't look good,
support has been broken to the downside here as well
Nevertheless, there will be bulls around trying to buy Usd/Jpy as lo…
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Convallium avatar

You are doing great job! Thank you, Adam))

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