USDJPY Downtrend Setup Feb 15, 2016
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame.
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame.
The EURUSD pair went back and forth during the course of the day on Monday, ultimately showing quite a bit of support just above the 1.1050 level.
The AUDUSD pair went back and forth during the course of the session on Monday, showing that there is quite a bit of confusion in this market.
GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame.
The AUDUSD pair broke higher during the course of the session on Thursday, testing the 61.8% Fibonacci retracement level.
The AUDUSD pair rose during the day on Wednesday, breaking above the recent highs that we’ve seen hold as resistance.
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer.
The AUDUSD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer.
The EURUSD pair initially fell during the day on Monday, but turned back around to form a bit of a hammer.