Japan Sept consumer confidence index 43.9 vs 43.5 exp

Japan Sept consumer confidence data just out 3 Oct 43.3 prev USDJPY currently113.18 nudging back up to recent highs Expect immediate offers/res around 113.25-30. Demand/support into 113.00                                               Japan consumer confidence mm powered by Create your survey with

India Nikkei/IHS/Markit Sept mftg PMI 51.2 as prev

India Nikkei/IHS/Markit Sept mftg PMI now out 3 Oct 51.9 exp new orders sub-index 51.0 vs 51.5 prev, 3-mth lows Unchanged on August and still in positive territory but coming in below expectations.  Says IHS Markit: Output and new business growth remained weak in the context of historical survey data The lingering effect of recent […]

AUD/JPY breaking out as expected, remain bullish

The price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,3,1) is seeing major support above 7% and also […]

EUR/JPY approaching major support, prepare to buy

The price is approaching major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push the price up to at least 134.15 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is seeing major support above 1% where we expect a corresponding […]

NZD/USD profit target reached perfectly, prepare to buy and play the bounce

The price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price […]

Daily analysis of GBP/USD for October 03, 2017

The pair was smashed by a sell-off wave during Monday’s session, consolidating the price action below the 200 SMA, which has been acting as a dynamic resistance. So far, GBP/USD is targeting the support level of 1.3209, at which could gain some momentum. However, we’re expecting a rebound to correct recent losses. H1 chart’s resistance […]