Posts Tagged ‘USD/JPY’

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  December 2nd session. USD/JPY — The pair tried to rally on Tuesday session, but found the 50-day EMA to be strong resistance. As you can see on the daily chart, you can make an argument for a symmetric triangle pattern. So, fading short-term rallies will continue to work in this market. AUD/USD — The Aussie looks resilient at the moment. You […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 30th session. USD/JPY — The pair has tried to break below the 104.00l level on Friday session, but then bounced back to show signs of support. The market has been in a downtrend and you can make an argument for a symmetric triangle pattern. The area above the 50-day EMA is seen as a zone of resistance. So, rallies to the upside are likely […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 27th session. USD/JPY — The market pulled back slightly on Thursday session. However, it could likely consolidate in this general vicinity for a while. Eventually, this bottom could be tested for support. The Fed is contributing for dollar weakness at the moment. Also, a risk-off move will trigger investments to flow towards the yen. AUD/USD — The Aussie […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 26th session. USD/JPY — The market saw a sideways price action on Wednesday. You could see more sideways action due to the Thanksgiving week. It looks like this market could fall from here. The 50-day EMA could likely cap rallies. So, you can sell rallies on signs of exhaustion. The market could reach […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 23rd session. USD/JPY — The pair rallied a bit on Friday session. The 104.00 level and the formation of shooting star candlestick indicates strong resistance. Rallies towards the 50-day EMA are likely to be capped and are seen as selling opportunities. AUD/USD — The Aussie could be range bound between the 0.7300 level and the 0.7000 level. The 50-day EMA […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 20th session. USD/JPY — The pair has rallied on Thursday session, but then rolled over as the 104.25 level came in the way as resistance. The next target could be the 103.00 level. The area above the 50-day EMA is a zone of resistance. So, short-term rallies are to be faded, and sold on signs of exhaustion. The next target could be […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 19th session. USD/JPY — The trading session was initially bearish on Wednesday and then the market bounced off to indicate support below. However, rallies are likely to be faded close to the 105.00 level. Hence, rallies that show signs of exhaustion are selling opportunities. A breakdown below the 103.00 level is very bearish. AUD/USD — […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 16th session. USD/JPY — The market broke below the bottom of the hanging man candlestick and also the 105.00 level. This looks very bearish at the moment. So, you can expect the market to continue with the overall downtrend. So, look for signs of exhaustion to sell. AUD/USD — The Aussie rallied on Friday session. However, looking at the weekly chart, the market […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 13th session. USD/JPY — The market went sideways with a little bit of bearish bias on Thursday session. This is seen as a binary trade. A daily candle close above the 105.00 level is reason enough to buy. Otherwise, look for signs of exhaustion to sell. AUD/USD — The Aussie looks stuck and could likely consolidate for a while. However, […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the  November 12th session. USD/JPY — The market saw a sideways price action on Wednesday. The market could likely consolidate between the 106.00 level and the 105.00 level. The area between the 50-day EMA and the 200-day EMA is resistance. Hence, rallies are likely to be faded, and you can sell them on signs of exhaustion. AUD/USD — The Aussie looks a bit […]