GBPUSD Update, October 22, 2017

GBPUSD Daily 2017.10.22

Last week, October 16 – 20, 2017, looking at the 1day chart and the 1week chart, we see gbpusd go downtrend although quite shortly remaining still between the top/resistance at 1.3337 and the bottom at 1.3027. So in effect gbpusd continue the downtrend. Will gbpusd now still continue the downtrend, or will gbpusd now make bottom and reverse uptrend. In the 1day chart, we now see the stoch(5,3,3) show downtrend while the macd appears to show downtrend signal but then quite so little.

GBPUSD Weekly 2017.10.22

So now we are still trapped in the triangle formed between the top at 1.3337 and the bottom at 1.3027, and we wait now for gbpusd to break out from the said triangle. However, perhaps we can now see some bias to the downside because gbpusd has continued the downtrend last week and it has almost broke the last bottom at 1.3027. But then the chart is not so accurate that sometimes while it may seem to be going in one direction, suddenly it may just reverse to the other direction.

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EURUSD Update, October 21, 2017

EURUSD Daily 2017.10.21

Last week, October 16 – 20, 2017, looking at the 1week chart and the 1day chart, we say that eurusd go sidweways remaining trapped between significant points of support and resistance, 1.1879 at the top and 1.1669 at the bottom. At this point, we are now again in a triangle pattern where we wait where would eurusd break into. Although eurusd made bottom 1.1669 two weeks ago, it would seem that the uptrend is still in check by the top/resistance at 1.1879.

EURUSD Weekly 2017.10.21

In the 1day chart, we now see the stoch(5,3,3) made bottom but it has not reached the bottom level yet, while the macd has gone flat with the recent sideways movement, although there is a little downtrend difference that can be gleaned with the macd. What is quite curious now is the bbands 1day because with the recent sideways movement, it has shrunk and the top side is now hit, so will the eurusd now bounce down and resume downtrend. So we wait now for eurusd to break from the sideways bottom and resistance trap.

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USDJPY Update, October 17, 2017

USDJPY Daily 2017.10.18

Last week, October 9 – 13, 2017, looking at the 1day chart and the 1week chart, we see usdjpy continue the downtrend finally making a bottom at 111.64, this Monday, October 16. Usdjpy now show uptrend and has now reached the highest at 112.92 and still looks to go up much further and approaches now the last top at 113.43. Wiil usdjpy now bounced down off the said last top or break through the said last top 113.43.

USDJPY Weekly 2017.10.18

In the 1day chart, the stoch(5,3,3) now show uptrend having reversed up with the bottom made at 111.64, while the macd start to show reversal uptrend now. Usdjpy now show strong momentum up, so that we change our view previously that usdjpy may perhaps make double top for usdjpy to continue the long-term downtrend. So we wait now for usdjpy to continue the uptrend and break the last top at 113.43, by which we say that usdjpy continue the uptrend. If not, then usdjpy continue the downtrend.

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GBPUSD Update, October 15, 2017

GBPUSD Daily 2017.10.15

Last week, October 9 – 13, 2017, looking at the 1day chart and the 1week chart, we see gbpusd reversed uptrend with the bottom made last week at 1.3027, Friday, October 6. Having reversed uptrend will the long-trend uptrend now resume or will the downtrend still continue. In the 1day chart, the stoch(5,3,3) has shown uptrend and almost crossed the top level and may now soon reversed down, while the macd now show uptrend with the current uptrend reversal.

GBPUSD Weekly 2017.10.15

At this point, we say that gbpusd now forms a triangle pattern with the uptrend meeting the downtrend. Gbpusd possibly resume the uptrend having made bottom at the downside of the uptrend channel and that also at the same bottom, the bbands 1day is bounced on the lower side of the bbands. And now with the uptrend, we now see gbpusd hitting the middle of the bbands which could possibly bounced gbpusd down and that the same top is inline with the downtrend trendline from the last top at 1.3656. Our bias now however is on the uptrend because we can still see momentum uptrend. So we wait now for gbpusd to continue uptrend and ultimately break the last top at 1.3656, however we also watch for possible continuation downtrend.

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EURUSD Update, October 14, 2017

EURUSD Daily 2017.10.14

Last week, October 9 – 13, 2017, looking at the 1week chart and the 1day chart, we see eurusd reversed uptrend with the bottom made at 1.1669, Friday, October 6. Eurusd has now reached the highest 1.1879, Thursday, October 12, which could now be a top as it would seem to bounce down off the middle of the bbands. Also, we see that the said point is in alignment with the two previous tops. Quite interestingly we now see the stoch(5,3,3) has already hit the top level and start to show downtrend now, while the macd has yet to show downtrend reversal from the uptrend reversal it made with the recent bottom.

EURUSD Weekly 2017.10.14

At this point, we say now that we are again in a triangle pattern as there is the downtrend momentum and now we encounter the uptrend momentum. In the 1week chart, with the recent bottom 1.1669, we see that the middle of the bbands is bounced up so that possibly the long-term uptrend will now resume. On the contrary, eurusd possibly bounced down the middle of the bbands in the 1day chart, so possibly the downtrend still resume. So where would now eurusd continue. At this point, our bias is still on the downtrend as there is still downtrend momentum although it has made bottom already.

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USDJPY Update, October 9, 2017

USDJPY Daily 2017.10.09

Last week, October 2 – 6, 2017, looking at the 1day chart and the 1week chart, we see usdjpy continue going sideways although breaking the last top at 113.25 with a new top now at 113.43. With the new top now at 113.43 still below the top/resistance at 114.49, and is at or just below the downtrend channel on the chart, will usdjpy now reverse downtrend in the long- term. In the 1day chart, we see the stoch(5,3,3) already showing downtrend since it made top at 113.25, while the macd has yet to show downtrend signal.

USDJPY Weekly 2017.10.09

At this point, with the downtrend trendline still intact just near above and usdjpy can’t seems to break through the trendline, we say that usdjpy will possibly make top now and reverse down. But then on the contrary, if usdjpy should reverse down, why would it take long time, so perhaps usdjpy will still continue the uptrend. So we wait now for usdjpy to continue the downtrend, although it may be quite slow in making top to reverse down. In the 1week chart, we now see that the bbands is already hit on the topside so usdjpy will possibly bounce down, and that now we see the stoch(5,3,3) already hitting the top level and may now soon make top and reverse down.

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GBPUSD Update, October 8, 2017

GBPUSD Daily 2017.10.08

Last week, October 2 – 6, 2017, looking at the 1day chart and the 1week chart, we see gbpusd further continue the downtrend strongly already hitting the downside of the bbands 1day. Gbpusd has now reached the lowest at 1.3027 which now appears to be a bottom. In the 1day chart, we now see the stoch(5,3,3) further continue downtrend going much further down, while the macd still show continue downtrend signal and has yet to make a bottom to reverse up.

GBPUSD Weekly 2017.10.08

At this point, with gbpusd hitting the downside of the bbands and the stoch(5,3,3) hitting further down, perhaps gbpusd will now make bottom and reverse up. Also we see the sort of uptrend channel almost hit on the downsde so gbpusd possibly bounce up now to continue the channel. On the contrary, however we now see that gbpusd has strong momentum down so that gbpusd possibly may continue the downtrend. Also, we now see the next bottom/resistance just near below at 1.2773 and 1.2588.

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EURUSD Update, October 7, 2017

EURUSD Daily 2017.10.07

Last week, October 2 – 6, 2017, looking at the 1week chart and the 1day chart, we see eurusd further continue the downtrend although quite shortly. Eurusd has now reached the lowest at 1.1669 and possibly still show downtrend momentum. Also, in the 1day chart, we still see that the downtrend trendline that start from the top at 1.2031 is still quite intact. In the 1day chart, we now see the stoch(5,3,3) already made bottom but now appears to resume downtrend again, while the the macd seems to make bottom already and will now show uptrend signal.

EURUSD Weekly 2017.10.07

Will eurusd now make bottom and reverse up. Looking at the 1week, to find some clue, we see that the lower side of the bbands is almost hit so we anticipate uptrend reversal soon or perhaps now already. Also, we see that the stoch(5,3,3) shows downtrend and still has to perhaps hit the bottom level to reverse up, while the macd still show downtrend signal and has to make bottom to reverse uptrend. So we wait now for eurusd to continue downtrend still and watch for possible formation of a bottom to reverse up.

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Gold Update, October 5, 2017

GOLD Daily 2017.10.05

Last week, September 25 – 29, 2017, looking at the 1day chart and the 1week chart, we see gold further continue the downtrend after making a top at 1313.22, Tuesday, September 26, which bounced down off the middle of the bbands. Gold has now reached the lowest at 1267.93, and we can see that gold still show momentum down and it has yet to make a bottom to reverse up. In the 1day chart, we see the stoch(5,3,3) still continue the downtrend although it has reversed previously, while the macd still show downtrend signal.

GOLD Weekly 2017.10.05

At this point, gold has already hit the middle of the bbands 1week, so it would be highly probable now for gold to make bottom and reverse up soon. In the 1week chart, we now see that the stoch(5,3,3) has also crossed the bottom level, so it would probably reverse up soon. Further, we see that gold is now quite near the uptrend trendline that start from the bottom at 1122.62, so most possibly gold will make bottom and reverse up at or above the said uptrend trendline.

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USDJPY Update, October 3, 2017

USDJPY Daily 2017.10.03

Last week, September 25 – 29, 2017, we speculate for usdjpy to make top and reverse down, but it would seem that usdjpy will still continue the uptrend still as it had not continue the downtrend still. But then it had also not broke the last top at 113.25. Looking at the 1day chart and the 1week chart, we see usdjpy made top at 113.25, Wednesday, September 27, and usdjpy go sideways. The stoch(5,3,3) has already made downtrend but now the macd would seem to start to show uptrend signal still.

USDJPY Weekly 2017.10.03

At this point, while usdjpy seems still to show uptrend momentum, we now see the downtrend trendline above that may be the reason for usdjpy, on the contrary, to slow down. It is still our view then that, it is quite possible now that usdjpy will really reverse downtrend and it is just gathering momentum yet, and quite possibly usdjpy would possibly make a double top. If usdjpy, on the contrary, should break the last top 113.25, and continue the uptrend, we now have the next top/resistance level at 114.49 to contend with.

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