Fri 6th June The GBP/JPY has achieved a bullish milestone this week. Price is now trading above the Ichimoku Cloud on the 4hr, daily, weekly and monthly time frames and this represents a significant bullish shift here: G/J 4hr:
Fri 6th June The A/J is getting back up to a very interesting level again now. It is back near the top of the bullish broadening descending wedge pattern on the daily/4hr charts and it is also just under the major level of 96. The 96 region has been a major S/R level for the A/J and […]
Sat 31st May May is usually known for stocks as the month for ‘Sell in May and Go Away’. One has to wonder whether this is true now given the close we have just seen for the major weight indices of the S&P500 and the Dow Jones Industrial Average (DJIA). A more appropriate axiom for […]
Thurs 29th May (4 pm) I am back from 2 days of much driving and I see the AUD/NZD has made a break of the key 1.09 S/R level that is the neck line of the ‘Double Bottom’. I have been writing for many weeks now in my various w/e and daily analysis reports for traders […]
Kiwi: watch for any break, close and hold below the 0.85 level. This would suggest more bearish follow through. A possible target could be the monthly support trend line which is almost 500 pips away. This forms the support trend line as part of the bullish ascending triangle. The daily 200 EMA might offer some support […]