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Day before Yesterday at 12:03 PM (GMT 5:30+) we mentioned in our newsletter
“Keep watching USDJPY falling down. You will see 104.642-103.772 levels soon.” .You can see USDJPY eat both targets.
Can’t remember first target achievement? Check it here.
What had I written about USD/JPY on yesterday? If you miss reading it, then first click here!
“Keep watching USDJPY falling down. You will see 104.642-103.772 levels soon. ”
The first target has been achieved(104.642 level).
Will USD/JPY hit the second target or not?
If you are day traders then keep watching USDJPY falling down. You will see 104.642-103.772 levels soon.
If USD/JPY crossover or close above 105.922 level then strongly buy signal generating.
RSI is strongly indicating down signals on USD/JPY currency. We will see at 103.614 level before this weekend.
Last trading session high is Stop loss for subscribers. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
On above USD / CAD chart, you can see this pair is continuing falling since 17 Jan, but it had taken U-turn after hitting the support level (1.28355). I’d recommend buyers to stay in hold. On next week we may see 1.31300-1.33445 levels.
When should I sell USDCAD?
Level: 1.28175
Once USDCAD show closing below to above level or break that level, then you could sell it for 1.26030-1.23810.
Look at above chart, technically euro is looking weak against American dollar. Short term investors can start selling from Monday opening bell. It may show some up moves, but overall looking downward.
Targets: 1.13200-1.12100-1.11000
Keep note, if the EUR / USD will crossover resistance 1 then it may try to touch resistance 2 so be careful with it.
Long term target: 1.08600
USDJPY is planning to take U-turn from Monday opening bell. It could show 111.22 levels, but it’s a trap for day traders. This week we will see 113 levels.
If you would like to dive for long term then 113 levels is best for sellers because USDJPY is overall down for big time.
For long term investors: once the USDJPY will be close below the 111.100 levels then we see 110.08-108.350-105.600 levels.
Look at the above chart, it’s clearly saying “sell me!”
Targets: 120.700-120.500-120.350 below
Don’t forget to keep eyes on hurdle. If it breaks it then boom!
Where you must buy / sell USDCHF?
If the USDCHF pairs crossover and stay above the 0.98790 levels for an hour then buying opportunity will arise, and we see 0.99120-0.99430+ levels. But for day traders, the trend is down. You sell it around 0.98550 for 0.98178-0.98000-0.97800 levels.
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