Daily Technical and Fundamental analysis for multi pairs.

[luckyanand12]

Oh sorry, images with links are not appearing. Henceforth, I will post them by uploading right here.

 

[luckyanand12]

Sell EUR/JPY
If you have read my EUR/USD analysis, you can see that EUR/USD broke support and USD/JPY is already in bearish move. We sold EUR/JPY right after support was broken following weak German Flash Manufacturing PMI. Target 117.45.

Risk: It fails if this ongoing H1 candle is erased by bullish move in next few hours.

117.45 is 61.8% support of whole swing up on daily time-frame.

 

[luckyanand12]

On H1 time-frame:

Short/sell if rectangle is broken (H1 must close below the rectangle) and target 1.0950.

SL above last swing high on H1.

On D1/daily time-frame:

It's trading below trend predictor (red line). Daily close below trend predictor will confirm downtrend. MACD cross-over will also take place with a bearish D1 closure.

 

[luckyanand12]

Sold NZDUSD below low of 'recent thrust up'. Price is more likely to erase 'whole swing up' on H1.

Risk: If it moves up and H1 closes above high of 'recent thrust up', the bearish setup will fail.

On daily/D1 time-frame:

The trend remain bearish and no longer oversold, so there is enough room for NZD/USD to move down.

 

[luckyanand12]

Reaction from FIB38.2 made shooting star on H1 and we entered sell position in USDCHF.

On H1 time-frame:

On D1/daily time-frame:

It closed below trend predictor (red MA like line on chart) on closure of Sep 20 and remains well below. Target 50% of whole swing up on D1.

Risk: bearish setup fails if price erases yesterday's candle.

Currency correlation: While USD-index rose today, CHF stayed stronger than all other major currencies like EUR, GBP, JPY etc.

 

[luckyanand12]

117.45 is 61.8% support of whole swing up on daily time-frame.

Target was hit.

 

[luckyanand12]

Sold NZDUSD below low of 'recent thrust up'. Price is more likely to erase 'whole swing up' on H1.

Risk: If it moves up and H1 closes above high of 'recent thrust up', the bearish setup will fail.

On daily/D1 time-frame:

The trend remain bearish and no longer oversold, so there is enough room for NZD/USD to move down.

I had closed it on BE.

 

[luckyanand12]

On H1 time-frame:

Short/sell if rectangle is broken (H1 must close below the rectangle) and target 1.0950.

SL above last swing high on H1.

On D1/daily time-frame:

It's trading below trend predictor (red line). Daily close below trend predictor will confirm downtrend. MACD cross-over will also take place with a bearish D1 closure.

Target was hit.

 

[luckyanand12]

USD/JPY is more likely to touch 107.00 again.

Trade-talks hope is fading after 'Trump Officials Considering Delisting Chinese Companies from U.S. Stock Exchanges' and 'U.S.-China trade deal won't happen before 2020 vote -JPMorgan CEO'.
I will not be surprised if we see USDJPY trading at 107.00 again.

 

[luckyanand12]

EUR/USD | Sep 30, 2019

ABCD100 is gonna be completed soon. D is at 1.0865.

Butterfly xabcd161.8 has already been completed, the crimson line (value 1.08901) is 161.8% of xa.

RSI's value is now 34.5 and will become 30 (oversold) by the time ABCD100 will be completed.

Month's ending today, so retail sell positions will be closed to book profit by many traders and fund managers.

Therefore, we will be looking for any bullish candle pattern on H1.