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Consolidation in the sight

marius24 Posted 30 Dec. as Analysis on AUD/JPY, Target: 97.3400, Date: 2nd of February, 12:00 GMT  in #Technical analysis #AUD/JPY #Boj #Consolidation #Commodity Prices #Hammer Candlestick
Currency Pair:Aud/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 97.45
Trend: uptrend
Possible trading range: 95.31-102.90
Signals: A bullish hammer candlestick has appeared on the weekly chart suggesting that the correction ended and from this point its quite possible to see a slight upward move inclined more towards a consolidation.
Fundamentals: The BOJ's stimulus is priced in and further depreciations of the japanese yen are off the table. ON the other side t…
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marius24 9 Jan.

update: Current price - 97.04 the outlook indicates that the selling pressure at least has paused, but i don't  rule out a contiunation of decline if price somehow manages to break a neckline of a double top ( daily) at around 95.34

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marius24 19 Jan.

update: Current price - 96.59 . THe price eventually broke that neckline ( 95.34) signaled by me 10 days ago, but the bulls ignored this bearish breakout and brought back the pair once again in the 96 area. From this point i am expecting for 98.35 level to be hit in the following days.

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A slight bullish outlook for AUD/CAD

marius24 Posted 29 Nov. as Analysis on AUD/CAD, Target: 0.9832, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD/CAD #Gdp #Consolidation #Oil Price #Hammer Candlestick
Currency Pair:Aud/Cad
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9703
Trend: downtrend
Possible trading range: 0.95-1.00
Signals: A bullish signal comes from a recent candlestick called hammer which has appeared on the weekly chart. The downward pressure has been stopped by an old support line coming from 2009.
Fundamentals: A better reading regarding the canadian GDP has been released around 2.8% , but the market ignored this good news and focused more on the …
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marius24 10 Dec.

update: i was wrong regarding the outlook for this pair because a surprise breakout to the downside has appeared in the last days after that old ascending support line failed to keep the price above 0.9589. My target is very far away from the current price (0.9452)

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marius24 18 Dec.

update: the price is at 0.9485 and there is no chance to rise any time soon in order to touch my target  situated at 0.9832. The fundamentals are against me. Only a significant fall in oil price could cause a jump in this pair

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marius24 26 Dec.

update:no chance

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