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A potential scenario for CHFJPY

Yesteday, the actual Japanese Capacity Utilization was increased to 101.40 Index Points in August from 99.20 Index Points in July. On the other side, the Swiss Producer and Import Prices in September confirmed the -0.2%, unrevised from a preliminary estimate of 0.1%. Looking at the weekly timeframe, CHFJPY was is in a correction mode after […]

EURCAD Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) […]

EURUSD closed below 21 EMA. Now What’s Next?

Following up yesterday’s post, the pair closed below 21 EMA and it is currently testing it from below. This will be critical for both sides, bulls and bears. If price rejects the EMA, then bears will be in full control. Their targets are 1.11 and 1.10 level. Reviewing the hourly timeframe, the pair reached ABCD’s […]