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I am guided by indicators Stochasis (7,5,3) which break high and fibbo indicator trend down and assuming that there are several possible markets trend is overbought then I will use the trapping strategy with market position BUY I predict this pair have bullish direction
I suggest to take LONG position today. time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade. money management is very effective for getting profits with stop loss and take profits method with current trading position.
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The up trend taking place at the moment on the pair is taking place according to where the EMAs 5 and 6 which is Above the EMA 35 as a result to that taking buy orders would be the best if a bullish direction confirmation came from the other indicators.
According to the parabolic sar indicators dots located below the candles we assume that the price would be taking a upward direction as for the MACD which is currently moving above the 0 level it does give us a buy signal.
Also the CCI line is currently in the Higher level giving us by that a upward signal.
So to sum all that up I do believe that unless any bearish signal do appear buying would be the best option available at the moment.
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As All of you know that . this trading pair is too good for best trading this pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .Its all becouse of its movement. After the understanding of pro EMA trading analysis. Its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators. So i am always refer the indicator for analysis
pair and that according to the green color shown by the Bollinger. Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side.
I suggest you this analysis indicator for 95% chances
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happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
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hello everybody how are you hope you are enjoying your trading day and making your analysis for the coming days
I am going and analysis for the coming days the market of this pair is not move on technical basis but it is moved on fundamental basis area know when gold take a bullish moment then it is also take a bullish movement so here we can say that price will move up side when market will open and its target will be reached
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band is up
RSI is up
Zigzag is up
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
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in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is slow
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
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Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
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AUD/JPY trades at 76.47 versus 76.11 in early Asia.
China's factory-gate deflation eased in August but fails to draw bids for the AUD.
Risk-off looks to be capping the upside in the AUD/JPY pair.
AUD/JPY is struggling to draw bids despite signs of easing in factory-gate deflation in China.
The data released at 01:30 GMT showed China's Producer Price Index or factory-gate inflation fell 2% year-on-year in August, as expected, following July's 2.4% decline.