Posts Tagged “Stalking”
The NZD/JPY pair is in a triangle. Scenario 1 shows possible target if the break is to the upside, while scenario 2 represents projection suggested by a negative reversal to 59.88. This is a very short-term outlook. View full post on Technical Analysis
The Japanese yen started to gain on Friday and came out on Sunday continuing its strength across the board. The USD/JPY topped off below 93.00 last week, was not able to sustain a break below 91.0, and is now in a pullback near 92.00. The 1H chart shows these moves. View full post on Technical Analysis
The AUD/USD is seen in the daily in a correction after a sharp decline. The correction has some bullish force judging from the candlestick last week that spanned from 0.82 to 0.85. The last 3 days of decline has only been a retracement. This tells me that the current correction View full post on Technical Analysis
The 4H timeframe shows the support at the 127.50/128.00 area holding up. During yesterday’s Forex Video Technical Update, I mentioned that the correction within a ‘triangle’ or rather a flag may be over according to wave counts. The market declined, but I also mentioned that it should be strong. View full post on Technical Analysis
Daily: I am juggling with a couple of scenarios at the moment. The EUR/USD could be done with a minor correction, and continue to 1.17 in the next swing. There could also be more to the current correction, with another swing up to at least 1.29 before the bearish mode continues. View full post on Technical [...]