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SGDJPY to remain at 91.300

bharatholsa Posted 30 Dec. as Analysis on SGD/JPY, Target: 88.3000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #SGD/JPY #Momentum Indicators #Fibonacci Retracement #Monthly Camarilla Pivot #Bearish Divergence
Hi All,
SGDJPY pair will be 91.300 as on 2/Feb/2015.
Chart 1 is based on daily time frame.
Chart 2 is based on weekly time frame.
From chart 2 on weekly time frame. Bearish divergence can be identified signaling immediate bearish trend for SGDJPY. CCI (14) indicator is making LOWER highs while prices are completing HIGHER highs.This provides evidence for bearish divergence.
I immediately foresee a minor bearish trend.
Chart 1 shows that price action had touched 23.6% Fibonacci Retracement level …
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bharatholsa 24 Jan.

Update#8: Bullish Cypher pattern at market. The D completion of the Bullish Cypher is also the potential C to D leg of another bearish one which at the moment would complete at the 88.64 level.

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bharatholsa 25 Jan.

Update#9:This pair has already completed a full Fibo cycle.Next week's price action is crucial.

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bharatholsa 26 Jan.

Update#10: 88.145 is the current price level. It has a bullish bias with strong Monday gains.Let us see how it fares this week.

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bharatholsa 27 Jan.

Update#11:87.845 is the price level.I have bearish bias based on these momentum indicator readings : RSI(14) at 43.2, STOCH(9,6) at 36.18 and ADX(14) at 29.19.

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bharatholsa 28 Jan.

Update#12:Technically the 87.00 is key support for the pair and break there opens a run towards 85.00. On the other hand a close above 89.00 would suggest that the pair has found firm support and may be ready to rally

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NZDJPY to fall to 91.100

bharatholsa Posted 30 Dec. as Analysis on NZD/JPY, Target: 91.1000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #NZD/JPY #Momentum Indicators #Fibonacci Retracement #Monthly Camarilla Pivots #Bearish Divergence
Hi All,
NZDJPY will fall to 91.100 as on 2/Feb/2014.
Chart 1 is based on daily time frame.
Chart 2 is based on weekly time frame.
Probable double top formation on daily chart and bearish divergence on weekly chart shows immediate bearish trend for NZDJPY.
Chart 1 shows that price action had touched 38.2% Fibonacci Retracement level before bullish reversal in the month of December 2014. Due to evidence of bearish divergence on Chart 2 between the price of the NZDJPY pair and CCI (14), I think pri…
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bharatholsa 25 Jan.

Update#9:This pair has already completed a full Fibo cycle.Next week's price action is crucial.

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bharatholsa 26 Jan.

Update#10: 88.145 is the current price level for this pair. Neutral bias is confirmed from momentum indicator readings.

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bharatholsa 27 Jan.

Update#11: 87.73 is the current price level for this pair. Negative readings for key momentum indicators suggest bearish bias.

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bharatholsa 28 Jan.

Update#12:Technically the 87.00 is key support for the pair and break there opens a run towards 85.00. On the other hand a close above 89.00 would suggest that the pair has found firm support and may be ready to rally

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bharatholsa 29 Jan.

Update#13: To the upside, the next resistance is located at 86.75 levels and above which it could extend gains to at 87.27 levels. To the downside immediate support might be located at 86.10 levels below that at 85.92 levels.

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