Daily Forex Technical Analysis | EUR/JPY | 24th March 2017

We take a nice detailed look at EUR/JPY and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets. Subscribe to my channel Read more about Daily Forex Technical Analysis | EUR/JPY | 24th March 2017[…]






Daily Video Technical Analysis | AUD/USD | 24th March 2017

We take a nice detailed look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more Read more about Daily Video Technical Analysis | AUD/USD | 24th March 2017[…]






NZD/USD is dropping nicely, remain bearish

The price continues to drop nicely from our selling area as expected and is seeing a nice bearish reaction below 0.7065 resistance (Fibonacci retracement, Fibonacci extension) where we expect a drop to at least 0.6968 support (Fibonacci retracement, recent swing low support). We can see that the price has made a bearish exit in a Read more about NZD/USD is dropping nicely, remain bearish[…]






EUR/JPY profit target reached, prepare to buy

The price has shot down and reached our profit target. We prepare to buy above major support at 119.15 (Fibonacci extension, Fibonacci retracement) for a bounce up to at least 120.33 (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 4.2% level and also displays bullish divergence versus the price. Buy Read more about EUR/JPY profit target reached, prepare to buy[…]






AUD/USD profit target reached perfectly, time to start buying

The price has dropped perfectly and reached our profit target. We now look to buy above 0.7619 support (Fibonacci retracement, Fibonacci extension, and horizontal overlap support) for a push up to 0.7684 resistance (Fibonacci retracement, recent swing high resistance). Stop loss is at 0.7583 (Fibonacci retracement, horizontal pullback resistance) in case the price drops further. Read more about AUD/USD profit target reached perfectly, time to start buying[…]






Technical analysis of USD/JPY for March 24, 2017

USD/JPY is under pressure. The pair is consolidating below its 50-period moving average, which is playing a resistance role. Additionally, 111.75 represents a significant key resistance level, which should limit the upside potential. The relative strength index is below its neutrality level at 50 and lacks upward momentum. As long as 111.75 holds on the Read more about Technical analysis of USD/JPY for March 24, 2017[…]






Technical analysis of USD/CHF for March 24, 2017

USD/CHF is expected to rebound and the rebound should be limited. The pair is holding on the upside and is trading above its rising 50-period moving average, which plays a support role and maintains the bullish bias. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. Republicans in Read more about Technical analysis of USD/CHF for March 24, 2017[…]






Technical analysis of NZD/USD for March 24, 2017

NZD/USD is expected to trade in a lower range. The technical picture of the pair remains negative below its key resistance at 0.7035. The declining 50-period moving average suggests that the pair still has a potential for a further drop. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Read more about Technical analysis of NZD/USD for March 24, 2017[…]






Technical analysis of GBP/JPY for March 24, 2017

GBP/JPY is Under pressure. The pair has been capped by both descending 20-period and 50-period moving averages and remains on the downside. The technical configuration remains negative as the 20-period moving average is below the 50-period one, and the relative strength index is below its neutrality area at 50. As long as 139.35 holds as Read more about Technical analysis of GBP/JPY for March 24, 2017[…]






Technical analysis of EUR/USD for Mar 24, 2017

When the European market opens, some Economic Data will be released, such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Flash Services PMI, Flash Manufacturing PMI, Durable Goods Orders Read more about Technical analysis of EUR/USD for Mar 24, 2017[…]