AUD/JPY is moving up inside the Up Channel chart pattern identified on the 30-minute charts Autochartist rates the Quality of this chart pattern at the 6 bar level as a result of the low Initial Trend (rated at the 2 bar level), above-average Uniformity (measured at the 7 bar
Daily Forex Update: AUD/JPY
The Daily Wave Analysis
It is not excluded, that at the given stage the wave (b) [iv] If the assumption is true can be expected the further reduction of price as the impulse or the Triangle (c) of [iv] was generated. At the same time it is impossible to exclude possibilities of continuation of
The Daily Wave Analysis
It is not excluded, that at the given stage the wave (b) [iv] If the assumption is true can be expected the further reduction of price as the impulse or the Triangle (c) of [iv] was generated. At the same time it is impossible to exclude possibilities of continuation of
NZD/USD – Potential Bearish Reversal Pattern
Prior to the earthquake that devastated Christchurch, New Zealand’s second largest city, the kiwi established a bearish trend to the U.S. currency. Since the middle of March, the New Zealand dollar has rallied over 500 pips and has established a bullish trend as the pair trades comfortably above both the
NZD/USD – Potential Bearish Reversal Pattern
Prior to the earthquake that devastated Christchurch, New Zealand’s second largest city, the kiwi established a bearish trend to the U.S. currency. Since the middle of March, the New Zealand dollar has rallied over 500 pips and has established a bullish trend as the pair trades comfortably above both the
Market Morning Briefing
Euro (1.4159) rose to 1.4228 yesterday, but came off a bit on month-end profit taking. Still, it remains bullish while above 1.4100. Dollar-Yen (83.67) has continued to rise and is now trading at its 200-day MA. Consequently, EUR-JPY has risen quite well, to trade at 118.48 just now, but could
Market Morning Briefing
Euro (1.4159) rose to 1.4228 yesterday, but came off a bit on month-end profit taking. Still, it remains bullish while above 1.4100. Dollar-Yen (83.67) has continued to rise and is now trading at its 200-day MA. Consequently, EUR-JPY has risen quite well, to trade at 118.48 just now, but could
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