USD/JPY Analysis

Weekly: The weekly trend line has been rejected for the third time after ranging between 114.426 and 110.435, continuing its bearish momentum. Daily: Price has broken the daily countertrend line reaching and breaking the daily support at 110.803 indicating further downside. 4 Hour: The 4HR trend line has been respected multiple times acting as resistance. […]

Read More USD/JPY Analysis

EUR/USD ANALYSIS

Weekly: The weekly timeframe shows a downtrend after breaking and now retesting a previous descending triangle pattern. Price has also closed above the inner weekly trend line and may retest the outer weekly trend line. Daily: On the daily chart price has clearly rejected the daily counter trend line, also breaking and retesting the weekly […]

Read More EUR/USD ANALYSIS

USD/CAD ANALYSIS

Weekly: The weekly chart is showing a clear downtrend making lower lows and lower highs and is now at a key weekly resistance level of 1.24554. Daily: The daily chart is also showing bearish momentum after breaking from the consolidation between 1.29066 and 1.6656, confirmed by the close below the first 4HR counter trend line, […]

Read More USD/CAD ANALYSIS