Only charts

The chart says that we have a rising trendline . usdjpy still finds support near the trendline and it is also area of horizontal support for the pair. Long positions can be opened with stoploss on 4hour candle close below the rising trend line and take profit around 113.30¥. A break below the trend line will open the way for a test of 109.70¥ where it will find some support on the daily chart.

Odds of a hike at the December meeting are creeping lower (just 16 bps now priced into the Dec. 18-19 meeting OIS) * The outlook for 2019 is turning dovish with just an additional 36 bps (around 1.5 hikes total) priced into December 2019 FOMC where the hike path hits a peak * Almost 10 bps of cuts and now priced into the first half of 2020, quite a turnaround

Usdjpy is trying hardly break the downtrend line from 118¥ high after trump winning presidency in November 2016. The pair is currently trading at 110.65¥ , it might keep gaining to reach 112.40¥ area before reversing back again. I would like to short the pair at 112.40¥ area , it will be really profitable trade with very low risk.

Tomorrow , Thursday , is the day you sell usdcad at whatever level you want. Probably at 1.3030-3130 , i know this is a big range , but it will pay off hugely . The fed raised and there is still scope for 2 more hikes this year. There will be some dollar strength of course today and tomorrow before we see a reversal Shortly , i will post a recommendation for trading usdjpy as well.

This is what I think that #eurusd is going to make. I have predicted that the pair will fall 300 pips or more after the US elections and that happened . The pair was trading at 1.10$ before the election night and fall to 1.0565$ , that is 430 pips approx. The second part of my prediction which is based on historical analysis and I hope that it will be fulfilled as well ; is that the pair is going to rally almost 1500   pips in less than 3 month. SO basically I expect the pair rally to 1.22$ level and ultimately 1.28$ Ofcourse we might see the pair pulling back from 1.22$ area to 1.1450$ area and then resuming the rally to 1.28$ That is my forecast for the euro/dollar and that was based on historical analysis which might prove wrong because of some different factors. However from technical analysis , I think the pair has got some powerful support in that area and I dont think we will be falling behind this area of 1.0560$ If the pair broke below that area , we might actu...

The pair is showing some weakness around 108.50¥ which is 200 week moving average and weekly resistance. Targets of shorting the pair at that level would be 106.80¥ then 103.50¥ areas. However it is not recommended to short the pair now until it confirms a bearish resumption The pair might continue its rally to 110.60¥ and that level would be very good short entry for a long term trade. My overview for the pair is bearish and targeting 83¥ on the long term.

Here is an update regarding my previous recommendation to go long on platinum. I am still holding my positions and 2 below charts will explain why. On the daily chart , We have very critical support level at 927$ , So we might see a rebound here targeting 980$ and 1010$ and It will be explained using the 4h chart. we have 927$ playing as support many times on the daily chart going back to 23 sep 2015 and two times during feb 2016. On the 4h chart shown below , we have a trend line starting at 1200$ area and passing by many tops . we expect a rebound from 930$ till 983$ next week by 19/10 ...If trend line broken on that test , we will get to 1010$ area . If we didnt see a rebound by next week and test on 19/10 , we will see a test of trend line probably at 960$ area on 27-10