Only charts

The pair "eurjpy" has been trading in range since the first of august. The range is between 112.50 and 113.90¥ . The pair has been trending last week , and closed the first 4h above the range. The pair has next resistance at 114.30-60 area where 200 MA "simple and exponential" lies. Recommendation: the pair is looking constructive and there is a big chance of the pair breaking above the moving average and stabilizing heading towards 118.00 handle. The pair has made a low of 109.80¥ this year and has been trending lower since 142 ¥ levels. So , you will have to watch the trend line along its way to 118.40 , we have two trend lines as shown below in "orange" The move will be probably drived by a big move in (usdjpy) after yellen indicated that the case for rate hike strengthened as the economy has been meeting federal reserve goals. Yellen also pointed on friday at jackson hole , that employment reports and prices stability has been major support for t

Sterling almost regained all the pips lost after the BOE announced a rate cut and the intention for more rate cuts this year. The pair was trading in a 1 hour channel which was broken today after reaching the top of the bigger falling channel on the 4h chart . So we have two channels in play now , uprising one which was rejected by the resistance line at 1.3270$ and went to find support at the 200 MA on 30 min chart and the base of the channel at 1.3170$ . The pair bounced 20 pips from the support , however I expect a break of the uprising channel and break of the support at 1.3170$ area. While the markets are waiting for any clues from janet yellen tomorrow at the jackson hole symposium , the pair will react violently to any hints about rate hike from the federal reserve . Personally , I believe we might see a rate hike in september . Anyway , we have two scenarios and possible trades here : First one : long the pair on the close above resistance trend line possibly at 1.3250$ .

EUR/USD is not able to close above a trend line coming down from multi year low at 1.0520$ shown below .. ALSO , the stochastic oscillator indicator is giving a bearish signal as it had made a negative convergence which happens when the pair makes a higher high while the indicator makes a lower high... Pulling back from 1.1360 $ would be a sign of further weakness to come , I would put my first target at 1.1220 , then 1.1060 before we see a break of the support trend line coming from 1.0520$ A break below this line would bring 1.0780$ to your screens again For updates on that trade and new trade ideas , follow me on twitter : @boriology Happy profitable trading for you all.

I am looking forward to see #eurusd trading below 1.08$ over the coming weeks. The pair is still unable to break above the trendline from 1.1640$ , the pair just touched the line today at 1.1220 to prove this area to be tough resistance before falling back to 1.1160$ currently. The pair has strong support line coming from 1.0520$ , so area of support lies at 1.1000$- 1.1060$.. Selling the pair is highly recommended with stoploss to be executed on daily close above the trendline. For the targets , first target lies at 1.0790$ area , while second target lies at 1.0520$ . Happy trading !!! 

I am long on usdcad "loonie" at 1.3020 but I am looking to add more to my current position at 1.2940 area and 1.2880 area. My stop loss for this trade will be on daily close below 1.2880 area . My target is 1.3240 in the medium term view , I think the catalyst will be better than expected US retail sales due tomorrow at 12:30 GMT.

Aussie has been playing the role of the tough guy for a while now , ignoring RBA rate cut and advancing more than 150 pips then . AUD/USD also ignored the surprising and better than expected non farm payroll "NFP" report , US economy added 255k jobs VS 180k expected. The US dollar rose against all majors including the australlian dollar , however audusd erased all losses and back to square one before the RBA and NFP. The pair is facing tough resistance at the area of 0.7675 area , where it fell many times from that area , if conquered , we might see 0.7720 which is last defence line against recent highs at 0.7840 area. The pair is not supposed to go there and even if , it will be very good area to short the pair at targeting 0.73$ area as first support , if broken , we will see prices not seen in almost a year , and the pair will be trading between 0.6980 to 0.7180 before resuming its fall. I prefer that scenario and I am on the short side Feel free to join me on t