EURUSD - UPSIDE PREVAILED

The EURUSD has a good appreciation in the late hour of last week, especially after the Non-Farm Payroll release.

My 4hr chart shows up uptrend and moving down to 15min we should find a good support at the range 1.3641 and 1.3621 for a BUY opportunity till we hit the Upper Band of the 4hr Bollinger.

CLose below the 4hr Bollinger Band's lower Band will be a good stoploss.

Enjoy.

GBPUSD - BOLLINGER CAUTION

The GBPUSD had a nice dip as expected from our daily market, and i guess we might see a reversal if this conditions are met in the immediate term.

Considering the chart below from the 1hr timeframe. The Williams %R is fraustrated with the downturn and we have a confirmation for a trend reversal with the BB trendline break (the green line) and a defined support zone (the red line). I will be waiting for a long with a bullish candle closing above the lower BB (if we see that soon) below the red line zone should define our stoploss and the profit should run as much as the upper BB of the 4hr chart.

Let's watch.

EURUSD - REBOUND EXPECTED

The EURUSD may be in for a reversal in the intermediate with the rising channel spotted on RSI as against the falling channel of the PRICE. I expect the price to high the lower Bollinger to make double bottom or RSI bounce from the rising trendline. A clear defeat to the downside of the lower Bollinger or the RSI rising trendline then, the downside may continue.

GBPUSD - HIT A ROCK

As we know GBPUSD is in a major downtrend and since yesterday we've had nice retracement to the up side, so i noticed an overbought market in the 1hr timeframe and would like to take a short as a result for a 100pips. Stoploss should be at the region 1.6107. The various charts below, study them.

GBPUSD MAY HEAD DOWN

The GBPUSD broke an important support line yesterday with the RSI trendline and price trendline broken - important support lines. To have a better confirmation and a ride down, we expect a Sell limit withing the resistant zone of 1.6420-1.6313 for 100pips stops and TP

Enjoy

USDJPY MAY BE TURNING DOWN

I will be explaining some facts with my chart below believing that the USDJPY may be turning down:

I have had clear negative divergence on RSI (red trendlines) and price for a long time and the down trend confirmed with break in the bollinger band trendlines (blue) and break in RSI trendline (blue). These indicates that the USDJPY might be turning down.

Good to make a short now or wait for price to hit the upper band of the bollinger band.

Check below for other USDJPY analysis.

James Ayetemimowa

USDJPY - MAY BE SET FOR A DIP

The daily timeframe closed below the middle bollinger band with the MACD support for a DIP in same timeframe.

4Hr timeframe also helped with more clue with price action at the lower band zone and MACD still pointing down.

30min gave good entry for a short below 91.16 for another 100pips.

Further explaination by clicking our trading plan link at the MAIN MENU above - go for RSI TREND - BOLLINGER BAND DIPS AND RALLIES

Enjoy.