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Daily Analysis

Relu21 Posted 13 Apr  in #Trader's blog #USD/JPY #Daily Analysis
USD/JPY

The USDJPY had a bullish momentum yesterday topped at 108.78. As you can see on my daily chart below, we have two consecutive Dojis followed by a bullish candle after a bearish trend, suggests a potential bullish pullback/reversal. The bias is bullish in nearest term testing 109.10. A clear break and daily close above that area could trigger further bullish pressure testing 110.00 - 110.96 region. Immediate support is seen around 107.90. A clear break below that area could lead price t…
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Technical Analysis

Relu21 Posted 1 Feb  in #Daily Analysis #USD CAD
USDCAD – technical overview

Technical studies have finally unwound from violently overbought readings, with the market trading back down to previous resistance turned support in the 1.3800-1.4000 area. But overall, the broader uptrend remains firmly intact and any additional setbacks are expected to be very well supported above 1.3800 in favour of the next higher low and fresh upside extension back through the near 13 year high at 1.4690 from January. Only a daily close below 1.3800 would compro…
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