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GBP/JPY 3rd Oct.
Tech; BOLL 20 2 2 EMA
On the daily chart, it is looking scary, because it has been endlessly falling without touching the lower bound of the Bollinger Bands.
But it will rebounce in the next 2 days, upper resistance is un-predictable, because it can be balanced by the appreciation of YEN.
On the monthly chart, it should hit below 120, that would happen in Sep. . Mainly driven by the YEN, that GBP would be on its rebounce during this period. The red line level 119 should be where it becomes stead…
On the daily chart, it is looking scary, because it has been endlessly falling without touching the lower bound of the Bollinger Bands.
But it will rebounce in the next 2 days, upper resistance is un-predictable, because it can be balanced by the appreciation of YEN.
On the monthly chart, it should hit below 120, that would happen in Sep. . Mainly driven by the YEN, that GBP would be on its rebounce during this period. The red line level 119 should be where it becomes stead…
USD/JPY 3rd Oct.
Tech; BOLL 20 2 2 EMA
In the last two weeks, the movements were mainly driven by fundamentals. Now the 1 hr, 4hr, daily charts are having no directions.
Take a look at the 4 hr chart, there is a large gap from the current price to the lower bound of the bollinger bands. But even larger from the top. The preference is downward.
If we take a look at the monthy chart, it is bearish , the target is 93.7, but will take months to come, upper resisitance is at around 105.
In the last two weeks, the movements were mainly driven by fundamentals. Now the 1 hr, 4hr, daily charts are having no directions.
Take a look at the 4 hr chart, there is a large gap from the current price to the lower bound of the bollinger bands. But even larger from the top. The preference is downward.
If we take a look at the monthy chart, it is bearish , the target is 93.7, but will take months to come, upper resisitance is at around 105.
AUD/USD two weeks ahead
On the 4hr chart, it is on the down trend, with out any hope, due to a previous long solid red candle put in place.
It is downtrend on the daily chart as well, the proposed bottom is at 0.7440, where a samller wave A was ended there, and that is below the lower bound of bollinger bands. A splash fall in the next few days hits below the lower bound ending with a lower shadow, is likely. But don't take long positions right away, will have to wait for at least one day.
It is not that pessimistic o…
It is downtrend on the daily chart as well, the proposed bottom is at 0.7440, where a samller wave A was ended there, and that is below the lower bound of bollinger bands. A splash fall in the next few days hits below the lower bound ending with a lower shadow, is likely. But don't take long positions right away, will have to wait for at least one day.
It is not that pessimistic o…
USD/CAD two weeks ahead
Tech; BOLL 20 2 2 EMA
On the daily chart, the proposed level is to hit the lower band of the bollinger bands in the next few days, so that 1.29 is a conservative figure.
In the last 20 days, having more than doubled traded volume with almost sluggish upward movement, that makes it a signicant top.
The selling level on the 4hr chart, which is sell 1 , happened during off peak hours, most people would have missed out.
On the 1hr chart, it becomes stealthy , there are 2 lower shadows at A lev…
On the daily chart, the proposed level is to hit the lower band of the bollinger bands in the next few days, so that 1.29 is a conservative figure.
In the last 20 days, having more than doubled traded volume with almost sluggish upward movement, that makes it a signicant top.
The selling level on the 4hr chart, which is sell 1 , happened during off peak hours, most people would have missed out.
On the 1hr chart, it becomes stealthy , there are 2 lower shadows at A lev…
GBP/ USD Ranges for the next 90mins
It is on the 4th wave which is up, but won't go to far, shall finish at 132.18.
The incomng 5th wave is downward, and could be prolonged to 7th wave, that finishes the down side
The incomng 5th wave is downward, and could be prolonged to 7th wave, that finishes the down side
USD/JPY
On the 30min chart . It is now on the 3rd rising wave, where the 4th wave is downward, and there will be a 5th which is rising, it is safe to take a long position now
The 5min chart is up trend , it will be safe if it does not break the middle line of bollingger bands
The 5min chart is up trend , it will be safe if it does not break the middle line of bollingger bands
GBP/JPY will regain 143
however it may hit the downward target at 138.30, start buying when it is steadily picking up on the 4hr chart. Good Luck!