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More Losses for the USD/JPY

fxsurprise8 Posted 31 Mar. as Analysis on USD/JPY, Target: 108.12, Date: 1st of May, 12:00 GMT  in #Technical analysis #JPY #Trendline #USD/JPY #Fomc #Us Dollar #Japanese Yen #Decline #Downtrend #Average True Range
The USD/JPY had a remarkable run since the second half of 2016. We saw the pair rally by almost 2,000 pips from the lows to hit 118.65. But in the past few months the gains have stalled and recently the trendline underpinning the move higher has been broken, as you can see on the weekly chart below.
We’re already down by almost 700 pips right now but bodies in motion tend to stay in motion. And currencies in a downtrend tend to continue in that direction. I’m targeting more of the same during A…
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Cable to Rally Post-Brexit

fxsurprise8 Posted 31 Mar. as Analysis on GBP/USD, Target: 1.2989, Date: 1st of May, 12:00 GMT  in #Technical analysis #UK #Boe #GBP/USD #Cable #Rally #Us Dollar #Bottom #Average True Range #Brexit
I expect Cable to rally in the aftermath of the start of Brexit negotiations. First reason for this is the fact that the worst is now behind the UK. Markets have pummelled the Pound in the ground already discounted a lot of negative scenarios. Thus a positive surprise could led to large GBP rally.
The second reason is our first chart above. Notice the three bottoms pattern. Some may see an irregular Head and Shoulders formation. In any case it looks like the bears have checked out and the bulls…
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Aussie Back on the Offensive

fxsurprise8 Posted 31 Mar. as Analysis on AUD/USD, Target: 0.7990, Date: 1st of May, 12:00 GMT  in #Technical analysis #AUD #USD #Resistance #AUD/USD #Rally #Us Dollar #Australian Dollar #Pullback #Average True Range #Risk Sentiment
The Australian Dollar is back on the offensive. This month we got yet another test of the important resistance in the 0.7700 – 0.7800 area. Prices peaked at 0.7749 this time around before pulling back.
However the move lower wasn’t Aussie specific but happened on general risk aversion across all markets. This gives me reason to think that the next time prices rally toward the resistance we could get a breakout above.
Our final chart above shows this resistance area. You can see that it’s been …
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Kiwi in Bullish Trend

fxsurprise8 Posted 28 Feb. as Analysis on NZD/USD, Target: 0.7471, Date: 3rd of April, 12:00 GMT  in #Technical analysis #NZD #USD #Bullish #NZD/USD #Us Dollar #Moving Average #Average True Range #50 Ema #25 Ema
The Kiwi has entered a bullish trend. On our first chart below we see that the 25 day (in blue) and 50 day (in red) exponential moving averages are trending higher, with the 25 above the 50 EMA. This indicates that a bullish trend has commenced in this currency pair.
But just how far can this rally go? The 20 month Average True Range is currently at 370 pips. But of course this is the high to low range, not the open to close range we need to estimate a target.
I’ll be placing my forecast just be…
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Aussie Going Back to 0.7500

fxsurprise8 Posted 31 Dec. as Analysis on AUD/USD, Target: 0.7489, Date: 1st of February, 12:00 GMT  in #Technical analysis #AUD #USD #AUD/USD #Aussie #Us Dollar #Bullish Bias #Oversold #Stochastic #Average True Range
The Aussie is nearing oversold levels. On the daily chart below we can see that the pair dipped below the 20 level in the Stoch (8,3,3) and is now moving higher. This confirms a bullish signal for this pair.
A similar situation can be seen on the hourly chart below, although here the bullish scenario has been underway for several bars now. Notice how the pair rallied shortly after the dip below 20 and the move back above it.
Now let’s talk about the target. We’re currently quoted at 0.7222. Wi…
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Elens94 avatar
Elens94 1 Jan.

great!

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USD/JPY to Head Toward 111.00

fxsurprise8 Posted 31 Dec. as Analysis on USD/JPY, Target: 111.56, Date: 1st of February, 12:00 GMT  in #Technical analysis #JPY #USD #Trendline #Japan #USD/JPY #Us Dollar #Breakdown #Downtrend #Average True Range
I expect the USD/JPY to retrace a significant portion of its gains. The rally in the pair is reaching unsustainable levels. We’re now up by over 1,500 pips from the November lows. But as can be seen on the chart below, things could be changing. The trendline underpinning this move on the daily charts has been broken.
Our second chart below shows the situation on the lower timeframe charts. Here we see that the momentum has turned to the downside. We have a consensus between these two timeframes…
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Kiwi Could be Bottoming Out

fxsurprise8 Posted 31 Dec. as Analysis on NZD/USD, Target: 0.7471, Date: 1st of February, 12:00 GMT  in #Technical analysis #NZD #USD #NZD/USD #Us Dollar #Bottom #Kiwi #Momentum #Stochastic #Average True Range
The New Zealand Dollar could be bottoming out. First let’s take a look at the daily chart. Here we see that the Stochastic Oscillator dipped below the 20 oversold level three bars ago. We’re now rallying from these lows and we closed back above 20, indicating a bullish condition.
Our second chart below shows that the momentum during the past few days has been strongly up, with little to no retracement. This confirms what the longer-term charts are saying.
I’ll be placing my target just below t…
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Cable Back in Oversold Territory

fxsurprise8 Posted 31 Dec. as Analysis on GBP/USD, Target: 1.2781, Date: 1st of February, 12:00 GMT  in #Technical analysis #GBP #USD #GBP/USD #Us Dollar #Pound #Oversold #Stochastic #Average True Range #Timeframes
Cable is back in oversold territory. Let’s take a look at tour first chart below. Notice how on the daily chart the Stoch (5,3,3) dipped below the 20 figure. This is considered oversold in technical analysis. The climb back above the level confirms the ‘buy’ signal.
Our second chart below shows a similar oversold pattern but one that has run its course further then on the daily chart. Here the dip and climb back above the 20 level happened few bars ago.
I’m targeting 1.2781. This is right belo…
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Aussie to Make a Break for 0.8000

fxsurprise8 Posted 30 Nov. as Analysis on AUD/USD, Target: 0.7819, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD #USD #AUD/USD #Rally #Australian Dollar #Uptrend #Average True Range #Us Elections
It’s been a good year for the Australian Dollar. The pair is up by 200 pips this year. This may not look like much but keep in mind that these gains were made in the context of general Dollar strength. Our first chart bellows shows the tentative but clear uptrend in 2016.
On our next chart we can see the same momentum higher but on a lower timeframe chart. While other pairs continue to suffer after Trump’s election win, the AUD/USD is heading higher. With both the long-term trend and the short-…
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TInna avatar
TInna 1 Dec.

good

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Pound to Head Toward 1.3000

fxsurprise8 Posted 30 Nov. as Analysis on GBP/USD, Target: 1.2989, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP #USD #GBP/USD #Resistance #Cable #Us Dollar #Pound #Average True Range #Brexit
It’s been a rough two-and-half years for the Pound. The pair lost over 5,000 pips from its highs back in July 2014. But even during the middle of that carnage we had some ‘dead cat’ bounces. On our first chart below notice how we get these small rallies whenever the Stochastic Oscillator dips below 20 and then recovers and heads higher.
With hindsight these small uptrends may not seem like much on first glance, keep in mind that this is a monthly chart. The duration of one TA contest cycle enco…
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Elens94 avatar
Elens94 1 Dec.

Excellent stuff !

TInna avatar
TInna 1 Dec.

well done!

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