GBPUSD Update, September 18, 2017

GBPUSD Daily 2017.09.18

Last week, September 11 – 15, 2017, looking at the 1day chart and the 1week chart, we see gbpusd further continue the uptrend, finally breaking the last long-term top at 1.3297, Thursday, September 14. Having broke the last long-term top, will gbpusd now still continue the uptrend. In the 1day chart, we now see the stoch(5,3,3) still continue to go up although it has already hit the topside for some time now, while the macd has still to show downtrend signal and has not made top yet, but now seem to slow down and may soon make top.

GBPUSD Weekly 2017.09.18

With the break of the last top at 1.3297, we can now expect further uptrend move although perhaps the top is already quite approaching. Also, we notice that the long-term downtrend trendline is broke and the uptrend continue. With the current uptrend momentum, our bias now is on the uptrend and if gbpusd should continue to go down it should be considered as retracement only. Also, in the 1week chart we now see that with the breakout, the bbands has started expanding and so gbpusd continue the uptrend until we hit the top.

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EURUSD Update, September 17, 2017

EURUSD Daily 2017.09.17

Surprisingly, eurusd continue downtrend last week, September 11 – 15, 2017. Looking at the 1week chart and the 1day chart, we see eurusd continue the downtrend hitting the lowest at 1.1837, Thursday, September 14. With the bottom made 1.1837 at or just near above the uptrend trendline, will eurusd now still continue the downtrend and say that the long-term downtrend continue.

EURUSD Weekly 2017.09.17

In the 1day chart, since the last top at 1.2091, the stoch(5,3,3) has been going down, while the macd has also now shown downtrend signal. Perhaps we should now wait for eurusd to continue down as it still show downtrend momentum although it is now near the uptrend trendline. If eurusd then continue the downtrend and break the uprend trendline then we assume that it would in the long-term retracement and now we watch in the long-term chart 1week (and also 1month) for our clue. At this point, it is still our long-term view that eurusd is still going uptrend,

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USDJPY Update, September 11, 2017

USDJPY Daily 2017.09.11

Last week, September 4 – 8, 2017, looking at the 1day chart and the 1week chart, we see usdjpy continue the downtrend breaking the last bottom at 108.26, Thursday, September 7, and then the long-term bottom at 108.11, Friday, September 8. Will usdjpy now make bottom and reverse up, or to say it differently, is the downtrend from the top at 114.49 already finished. In the 1day chart, we now see the stoch(5,3,3) already crossed the bottom level but it is not sure yet if it has reversed up, while the macd still show downtrend signal.

USDJPY Weekly 2017.09.11

Looking for further clues, we find that the bbands 1day has also broke-out with the break of bottoms so that usdjpy possibly continue the downtrend still. Also, looking at the 1week chart, we find that usdjpy now forms an inverted banner or pennant chart pattern so that most likely usdjpy will continue the downtrend. So we wait now for usdjpy to make top and reverse down which will complete the retracement and usdjpy will now continue the downtrend.

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GBPUSD Update, September 10, 2017

GBPUSD Daily 2017.09.10

Last week, September 4 – 8, 2017, looking at the 1day chart and the 1week chart, we see gbpusd further continue the uptrend continuing the uptrend that started from the bottom at 1.2773. Gbpusd showed strong momentum last week and has now reached the highest at 1.3223. Will the uptrend and strong momentum now still continue with the next top/resistance at 1.3268 just near above. In the 1day chart, we see the stoch(5,3,3) continue the downtrend and has already crossed the top level, while the macd continue to show uptrend signal.

GBPUSD Weekly 2017.09.10

Further, looking at the 1week chart, we see that the bbands appear to be bounced-off from the bottom, and although the topside is almost hit already due to the shrinking of the bbands with the recent sideways, gbpusd show strong momentum that gbpusd possibly continue the uptrend. Also in the 1week chart, with the strong momentum, gbpusd now forms a long candlestick that in most cases has to continue to finally end with a top for a reversal, long-term or short-term. So we wait now what would gbpusd now do as it faces the top/resistance point at 1.3268.

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EURUSD Update, September 9, 2017

EURUSD Daily 2017.09.09

Last week, September 4 – 8, 2017, looking at the 1week chart and the 1day chart, we see eurusd still continue the uptrend breaking the last top at 1.2069, Friday, September 8. Quite clearly, eurusd has bounced-up the middle of the bbands. Eurusd has now reached the highest at 1.2091 and it is now the question whether eurusd will still continue up. In the 1day chart, we now see the stoch(5,3,3) showing uptrend in line with the chart’s wave pattern, while the macd now also start to shop uptrend although quite shortly.

EURUSD Weekly 2017.09.09

So it is now the view that eurusd will still continue the uptrend for the week although it has already broke the last top, because it still show momentum uptrend. It is the view that in the long-term that perhaps eurusd targets the upside of the long-term downtrend channel, and so eurusd continue with the uptrend with strong momentum. So we wait now for eurusd to continue the uptrend and wait for the formation of a top for the next downtrend reversal.

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Gold Update, September 7, 2017

GOLD Daily 2017.09.07

Last week, August 28 – September 1, 2017, looking at the 1day chart and the 1week chart, we see gold continue the uptrend, breaking the last top at 1295.84, Monday, August 28. With the opening of the market for this week, gold further continue the uptrend breaking the last top/resistance at 1337.19, and has now reached the highest at 1357.29. In the 1day chart, we now see the stoch(5,3,3) already reached top level and appears now to show downtrend, while the macd would now seem to make top and will now start to show downtrend signal.

GOLD Weekly 2017.09.07

At this point, it is the view now that gold, having gone uptrend for so long now, will now make top and reverse down. Although it is now the long-term view that gold will continue the uptrend, gold having broke the top/resistance at 1337.19 and showing strong momentum, gold will now howver reverse down for retracement and consolidation. And if that happens, then we have the middle of the bbands as possible target.

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USDJPY Update, September 5, 2017

USDJPY Daily 2017.09.05

Last week, August 28 – September 1, 2017, looking at the 1day chart and the 1week chart, we see usdjpy made bottom at 108.26, Tuesday, August 29. and reversed up. With the strong uptrend reversal, we now presume that the bottom at 108.11 is a very strong support point. Usdjpy made top at 110.66 Thursday, August 31, and now show downtrend again nearing the bottom/support level at 108.11. In the 1day chart, we now see the stoch(5,3,3) showing downtrend still from last week’s downtrend reversal, while the macd seem to have made top already and may now show downtrend signal.

USDJPY Weekly 2017.09.05

Although we now see the strong bottom/support now near at 108.11, it is still the view that usdjpy will continue the downtrend. With the top made last week at 110.66, we see that the bbands in the 1day chart is bounced at the topside and the middle of the bbands is crossed so the downtrend continue. So we wait now if usdjpy will continue the downtrend and break the last bottom at 108.26 and then at 108.11. Or, if usdjpy will make bottom just above the bottom at 108.26 and reverse up.

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GBPUSD Update, Septemver 3, 2017

GBPUSD Daily 2017.09.03

Last week, August 28 – September 1, 2017, looking at the 1day chart and the 1week chart, we see gbpusd kinda’ slow down going downtrend sideways. Gbpusd made bottom at 1.2852, Thursday, August 31, and with the weak usd nfp news Friday, gbpusd go strongly uptrend establishing some trend that start from the bottom at 1.2773 the previous week. In the 1day chart, we now see the stoch(5,3,3) perhaps still to go uptrend since it has not reversed down, while the macd appears now to start uptrend signal,especially if it continue the uptrend.

GBPUSD Weekly 2017.09.03

With the bottom at 1.2773, it would seem now that uptrend will now continue, and also since the middle of the bbands is already crossed from below we can assume that gbpusd will continue the uptrend. It is quite critical now for gbpusd because it currently lies just below the long-term downtrend trendline above, so that if it should break the said downtrend trendline then we assume that the uptrend continue. And in this regard, since the downtrend trendline is still intact, then we say that downtrend is still active until finally it is clearly broke.

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EURUSD Update, September 2, 2017

EURUSD Daily 2017.09.02

Last week, August 28 – September 1, 2017, looking at the 1week chart and the 1day chart, we see eurusd further continue the uptrend finally making top at 1.2069, Tuesday, August 29. Eurusd now show downtrend and it is a question now whether eurusd will still continue the uptrend. In the 1day chart, we now see the stoch(5,3,3) made downtrend with the recent top, while the macd has yet to make a top to show downtrend signal.

EURUSD Weekly 2017.09.02

At this point, although eurusd now show downtrend, the long-term uptrend momentum still exists so we cannot as yet say that eurusud will continue the downtrend. But then eurusd has been on the uptrend for some time now and the formation of a top may be quite near, so caution for possible formation of a long-term top should be observed. So we wait now if eurusd will still continue the downtrend or will eurusd will now resume the uptrend, noting that a break of the bottom at 1.1662 indicates downtrend reversal. as well as break of the uptrend trendline.

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NZDUSD Update, August 31, 2017

NZDUSD Daily 2017.08.31

Last week, August 21 – 25, 2017, looking at the 1day chart and the 1week chart, we see nzdusd go downtrend breaking the previous bottom at 0.7222, and making a new bottom at 0.7191 Wednesday, August 23. With the opening of the market for the week, nzdusd then made top at 0.7298, Tuesday, August 29 and again reversed downtrend breaking anew the last bottom 0.7191. In the 1day chart, we now see the stoch(5,3,3) still showing downtrend while the macd also still show downtrend signal.

NZDUSD Weekly 2017.08.31

At this point, it is the view that nzdusd still continue the downtrend because we have yet to see a bottom for nzdusd to reverse up. While we anticipate the formation of a bottom since nzdusd has been on the downtrend for some time now, we still see downtrend momentum for nzdusd. Interestingly, nzdusd has just crossed the middle of the bbands in the 1week chart and also we see in the 1week chart that the stoch has already hit the bottom level, so we may expect some reversal soon.

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