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JPY pair

I was thinking about shorting JPY pairs in this month´s trader contest as it was pretty obvious and first choice seeing that, on the main JPY pair with USD dollar, we are near this years high and near important resistance. But then I looked at monthly chart of USD/JPY seeing what JPY can do as last year was rising 9 months straight, depriciating JPY quite a lot with the help of BOJ. With that I change my mind and will be looking for betting that JPY will depreciate further (There should be BOJ …
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Daytrader21 avatar
Daytrader21 2 Дек.

Some peoples just loss perspective and are not aware of the bigger picture. As you have said just because xxxjpy pairs have gone so much up in last year that's not reason enough to assume this move is over, it can go up in following years beyond your imagination

Paulito avatar
Paulito 2 Дек.

Or it can go down beyond your imagination. You never know what is going to happen, so you have to be prepared for anything. What I do not like is that BOJ has the biggest word here and nobody knows what they are taking :-) But realizing that BOJ has big interest in depreciating its own currency (as almost every country, there was 5% depreciation of Czech national currency by Czech national bank in the past month), I think that we could se sth similiar in the next 6 months

ANABEVZ avatar
ANABEVZ 19 Авг.

well done!

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EUR/GBP respects its lines

As you can see from the charts, market currently respects downward sloping line and and support at 0,8410 and if they keep it that way market could behave like I have drawn. Purely technical analysis. Pictures says it all
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VTTG avatar
VTTG 11 Сент.

I like your chart :)

Maria_r avatar
Maria_r 18 Окт.

cool)

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Solid S/r on AUD/CAD

Pair AUD/CAD formed a nice channel in past few weeks. 6 Weeks is a long haul but market could respect those S/R and trying to bounce a few times with the market should be profitable strategy here. Overall trend is up, so we could end up in the 2/3 of the channel and it is 1.0655 which is my guess.1st one is daily2nd one is weekly
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geula4x avatar
geula4x 28 Апр.

+1 Liked: Pure price action analysis, based on clear support and resistance levels on the chart. Happy trading :-)

Paulito avatar
Paulito 2 Май

thanks, but support was broken down and we are falling and falling but that support is now resistance

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EUR/CHF Triangle

This pair stays not volatile for a while and what a nice triangle was formed here.It is pretty difficult to predict price 6 weeks in advance but with this pair possibility that it stays in the triangle for a while before breakout (probably to downside) is pretty not low :-) I would say. That is why I think 1.2165 is a viable guess.Daily:4Hour chart:
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Skif avatar
Skif 30 Май

target 1.41 above 1.2630

VTTG avatar
VTTG 11 Сент.

Nice :)

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USD/HKD Stays in the Range

This is my point of view what is going to happen in 6 weeks on USD/HKDThis pair stays in a nice range for 4 weeks. It is not overly volatile and I think it going to stay that way.The trend is to the upside and so if it stays in the range it should end up at resistance. That is whyI think 7.7640 is a good place to start this new contest. Weeklyaily:
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Airmike avatar
Airmike 28 Май

nice one

Berkeley avatar
Berkeley 28 Май

Very good! Thumbs up.

drishti avatar
drishti 28 Май

Good One.

PPandM avatar
PPandM 31 Май

Big LIKE

VTTG avatar
VTTG 11 Сент.

+ 1 for you :)

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