GBPUSD Update, The Long-term Trend, April 22, 2018

GBPUSD Monthly 2018.04.21

Looking at the long-term chart, 1month, we see that gbpusd has for some time now been in the uptrend since January 2017 with the bottom made at 1.1986. It would seem customary that gbpusd has gone uptrend in a channel pattern since more than 14 months now. Now showing black candlestick in the last bar of the 1month chart, will gbpusd now make top and continue the down- trend. While gbpusd has already broke the recent last top at 1.4344 with a new top at 1.4375, it would seem short for a new top that we still contemplate for gbpusd to push much higher.

GBPUSD Weekly 2018.04.21

In the 1month chart, we now see that the stoch(5,3,3) would seem to show divergence having not broke the last top yet although the price has already broke the last top 1.4344. However, we see that the macd 1month has yet to make top and show downtrend signal although the macd level is more or less near the zero level. It is then the view that gbpusd will still continue the uptrend, however it is also quite a possibility that gbpusd could have already made top and will now reverse down, and this will be confirmed by the break of the uptrend trendline (uptrend channel) in the chart.

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EURUSD Update, The Long-term Trend, April 9, 2018

EURUSD Monthly 20180409

Looking at the long-term 1month chart for eurusd, we see that with the downtrend trendline just near above, it would seem that eurusd has slowed down and perhaps it may now make top and reverse down. But then the counter argument is that for eurusd to reverse down it has yet to make a complete top, and it is the view that we have yet to see that top.

EURUSD Weekly 20180409

Also, looking at the 1month chart, we see that the uptrend trendline from the bottom at 1.1339 is still intact, so we cannot say that the uptrend has already finished. So we wait now for any signal that will indicate that eurusd has already made top. One indicator is that eurusd now makes a banner/pennant pattern so possibly eurusd will still continue uptrend and that the downtrend trendline near above will most probably has to be hit.

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GBPUSD Update, February 25, 2018

GBPUSD Daily 2018.02.25

Last week, February 19 – 23, 2018, looking at the 1day chart and the 1week chart, we see gbpusd continue the downtrend with the top made at 1.4144, Friday, February 16. Gbpusd has now reached the lowest at 1.3856, Thursday, February 22, and with the bottom now near below at 1.3764, gbpusd possibly will make bottom and reverse up. In the 1day chart, we now see the stoch(5,3,3) continue the downtrend and it has almost hit the bottom level, while the macd also still show downtrend signal.

GBPUSD Weekly 2018.02.25

With the top made at 1.4144, the downtrend that start from the top at 1.4344 is said to continue, but now we face the bottom/support at 1.3764, which now can be considered as a triangle pattern. At this point, it seems that it may go either way, but since our long- term view is that gbpusd will still continue the uptrend, it is then the bias and preference that gbpusd will now continue the uptrend. However, since the downtrend is still intact, we watch for still continuation of the downtrend as well as whether the bottom/support at 1.3764 will hold.

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EURUSD Update, February 24, 2018

EURUSD Daily 2018.02.24

Last week, February 19 – 23, 2017, looking at the 1week chart and the 1day chart, we see eurusd continue the downtrend now reaching the lowest at 1.2259, Thursday, February 22. Nearing now the bottom/support at 1.2205, it would seem that eurusd still possesses downtrend momentum that possibly still eurusd will continue the downtrend. In the 1day chart, we now see the stoch(5,3,3) show downtrend and has already reached the bottom level, while the macd still show downtrend signal.

EURUSD Weekly 2018.02.24

At this point, with the bbands 1day being almost hit at the lowerside it would seem that eurusd would make bottom and reverse up, but then with the current downtrend momentumm, it is the view that eurusd further continue the downtrend, although it is still the view that in the long-term eurusd will still continue the uptrend. So we wait now for eurusd to continue the downtrend and break the current bottom/support at 1.2205.

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GBPUSD Update, February 18, 2018

GBPUSD Daily 2018.02.18

Last week, February 12 – 16, 2018, looking at the 1day chart and the 1week chart, we see gbpusd reversed uptrend with the bottom made at 1.3764 Friday, February 9. Gbpusd has now reached the highest at 1.4144 Friday, which could now be a top as it shows a black candle. Will the uptrend that started last week still continue, or will gbpusd still continue the downtrend having met resistance above at 1.4277 and the last top at 1.4344?

GBPUSD Weekly 2018.02.18

In the 1day chart, we now see the stoch(5,3,3) showing uptrend and has now reached the top level, while the macd has also shown uptrend signal with the recent uptrend reversal and appears to be flat and indecisive. At this point, it is the view that possibly gbpusd continue the uptrend having bounced-off up the lower side of the bbands 1day and since the long-term view is still uptrend and we have yet to see a top to say that gbpusd has reversed downtrend. So we wait now for gbpusd to make bottom and reverse up, with the bottom at 1.3764 as a new support point.

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EURUSD Update, February 17, 2018

EURUSD Daily 2018.02.17

Last week, February 12 – 16, 2017, looking at the 1week chart and the 1day chart, we see eurusd reversed uptrend with the bottom made at 1.2205 February 9, Friday, the previous week. With very strong momentum for the week, eurusd has already broke the last top at 1.2538 and has now reached the highest at 1.2554. Will 1.2554 now be a top and eurusd will reverse downtrend, eurusd showing a downtrend black candle Friday, February 16, or will eurusd still continue the uptrend although it has already broke the previous
top 1.2538.

EURUSD Weekly 2018.02.17

In the 1day chart, we now see the stoch(5,3,3) show uptrend and has already reached the top level, while the macd has also shown uptrend with the bottom at 1.2205. What’s curious and intriguing now is the bbands 1day where the top side of the bbands is bounced-off down so that eurusd will continue the downtrend. At this point however, with the current long-term view that eurusd will continue the uptrend still, it is then the view that eurusd will continue the uptrend because of the recent strong uptrend momentum.

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USDCAD Update, The Long-term Trend, February 15, 2018

USDCAD Monthly 2018.02.15

Looking at the long-term chart 1month, we see usdcad made top at 1.3793 and reversed down. This point is considered now retracement and consolidation point as it falls more or less at fibo38.2 of the down move from the top at 1.4689 to the bottom at 1.2460. Usdcad has now already broke the last bottom at 1.2460 and has now reached the lowest at 1.2061. Will usdcad now still continue the downtrend still or will it now make bottom and reverse up.

USDCAD Weekly 2018.02.15

In the 1month chart, we now see the stoch(5,3,3) made top recently and is now reversing down while the macd still continue to show downtrend signal. With the last bottom at 1.2061, usdcad has gone flat and sideways, so we can consider it now as retracement, and with the recent short-term top at 1.2915 which is fibo50 from from the down move from the top at 1.3793 to the bottom at 1.2061, it further confirms that possibly the recent top at 1.2915 is retracement and consolidation, and so usdcad will continue the downtrend still.

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USDJPY Update, February 13, 2018

USDJPY Daily 2018.02.13

Last week, February 5-9, 2018, looking at the 1day chart and the 1week chart, we see the usdjpy further continue the downtrend breaking the last bottom/ support at 108.27 Friday, February 9. Usdjpy has reached the lowest at 108.03, Friday, and with the opening of the market for the week, usdjpy has furthermore continue the downtrend and has now reached the lowest at 107.39. Will now usdjpy still continue going down still or will it now make bottom and reverse up.

USDJPY Weekly 2018.02.13

In the 1day chart, we now see stoch(5,3,3) continue the downtrend with the top made recently, February 2, while the macd also show downtrend signal. At this point, with the current strong momentum, it is the view that usdjpy will further continue the downtrend. Also, at this point we see that the long-term bottom/support at 107.31 has already been broke, and we may now be looking at a bigger triangle pattern which is the long-term chart 1month.

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EURUSD Update, February 10, 2018

EURUSD Daily 2018.02.10

Last week, February 5 – February 9, 2017, looking at the 1week chart and the 1day chart, we see eurusd further continue the downtrend further continuing the downtrend brought about by the previous week’s strong usd NFP news. Eurusd now have reached the lowest at 1.2206, and it is now a question whether eurusd will still continue the downtrend, or will eurusd now make bottom and reverse up. At this point, we still anticipate continuation of the uptrend because although eurusd has already broke the last top at 1.2091, it is most possible that it has still to continue uptrend to make a new top, as although it is almost near the long-term downtrend trendline, perhaps a hit at the downtrend trendline itself, would be perfect.

EURUSD Weekly 2018.02.10

In the 1day chart, we now see the stoch(5,3,3) already reached the bottom level, while the macd still continue to show downtrend signal. With the lower side of the bbands 1day quite near, it is then the view that eurusd targets the lower side of the bbands and at which point, eurusd will make bottom and reverse up to further continue the long-term uptrend which is still the current view.

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GBPUSD Update, February 11, 2018

GBPUSD Daily 2018.02.11

Last week, February 5 – 9, 2018, looking at the 1day chart and the 1week chart, we see gbpusd further continue the downtrend, breaking the bottom/ support at 1.3979 and reaching the lowest now at 1.3764. Will the downtrend momentum still continue or will gbpusd make bottom now and reverse uptrend. In the 1day chart, we now see the stoch(5,3,3) continue the downtrend and has now reached the bottom level, while the macd also still continue to show downtrend signal.

GBPUSD Weekly 2018.02.11

Also, we see that the bbands 1day is already crossed in the middle to the downside, and is now about to hit the lower side of the bbands. At this point, with the still momentum down, it is then the view that gbpusd will still continue the downtrend with possible target which is the lower side of the bbands. Also, it is still the long-term view that gbpusd will still continue the uptrend and now gbpusd is on retracement and consolidation, and we wait now for signs of bottom formation for gbpusd to continue the uptrend.

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