An interesting scenario occurred in USD / JPY yesterday, which confirmed the end of the ongoing correction.
Taking this into account, it would be best to work for an increase in price, following this strategy presented below:
So, since the quotes have formed three wave patterns (ABC), in...
USD/JPYYesterday, the USD/JPY pair fell below the Kruzenshtern line on the daily chart, but formed a reversal candle pattern under it. This morning, it is already growing above this Kruzenshtern line. The Marlin Oscillator turned in growth from the border with the territory of the bears. The price...
Busy day today on the financial markets, so let's take a look at the AUD/USD, NZD/USD, USD/CAD and USD/JPY technical picture at the daily time frame chart.The material has been provided by InstaForex Company - www.instaforex.com
Overview :
The trend of USD/JPY pair movement was controversial as it took place in the downtrend channel. Due to the previous events, the price is still set between the levels of 104.01 and 103.03, so it is recommended to be careful while making deals in these levels because the prices of...
GBP/USDAnalysis:The upward trend of the British pound led the quotes to the lower edge of the powerful resistance zone of a large TF. An incomplete wave of small scale on the main course counts down from December 21. In its structure, the final part (C) is formed.Forecast:Before the upcoming rise...
USD/JPYThe yen strengthened by 35 points on Wednesday against the background of multidirectional movement of world currencies, which ultimately pulled down the dollar index by 0.03%. The price was kept by the MACD indicator line and the signal support at the January 13 low of 103.54. The Marlin...
USD/JPYYesterday, the USD/JPY pair rose by 20 points without working out the trend line of the price channel of the higher timeframe (104.20). This creates a prerequisite for a repeated attack of the price on this resistance in the near future. The price is higher than the balance indicator line....
USD/JPY flirts again with the downtrend line signaling that the buyers are very strong and that an upside breakout is imminent. You can see that the pair has registered false breakouts in the past, that's why we should wait for a valid one confirmed by a new higher high, jump above the former...
Overview : 4-hour chart :The USD/JPY pair has broken resistance at the level of 103.73, which acts as support now. So, the pair has already formed minor support at 103.73. The strong support is seen at the level of 103.73 because it represents the weekly pivot. The RSI and the moving average (100)...
GBP/USDAnalysis:The dominant upward trend of the British pound sterling led the quotes to the lower border of a powerful zone of a potential reversal. The last unfinished section counts down from December 21. Since the beginning of this year, a correction in the form of a horizontal plane has been...
