Background: AUD sentiment is bearish and JPY sentiment is bullish in my view. So this pair could be a nice crossed pair to trade in next month.
Used Indicators: Zigzag, EMA100, EMA200, Fibonacci. Otherwise I used trend line, trend continuation pattern.
1. Weekly chart: I think that this pair is in consolidation period in major down trend. So the pair could back to the down trend. The pair can go back to the moving average.
2. Daily chart: The value area for next month could be between 92.5 and 9…
Read full story
Translate to English Show original