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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USDJPY Update, February 8, 2018

USDJPY Daily 2018.02.08

Last week, January 29 – February 2, 2018, looking at the 1day chart and the 1week chart, with the bottom made at 108.28, January 26, we see usdjpy reversed uptrend hitting the highest now at 110.47, Friday, February 2, which could now be a top as usdjpy has reversed downtrend. However, usdjpy remains to be above the last bottom 108.28, and it is now a question whether usdjpy will still continue the uptrend or will it resume the downtrend to continue the long-term downtrend still.

USDJPY Weekly 2018.02.08

In the 1day chart, we now see the stoch(5,3,3) showing downtrend making a top along side the top made at 110.47, while the macd having reversed uptrend appears now to to level-off to finally show downtrend signal. What maybe indicative is the bbands 1day, as with the top made at 110.47, it appears to bounced-off down the middle of the bbands. In the 1week chart, it would seem that what may be holding usdjpy from going down is the bottom/support at 107.31, just near below. But then we can still downtrend momentum in the 1week chart, so we wait now for usdjpy to further continue the downtrend.

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GBPUSD Update, February 4, 2018

GBPUSD Daily 2018.02.04

Last week, January 29 – February 2, 2018, looking at the 1day chart and the 1week chart, we see gbpusd made bottom at 1,3979, Tuesday, January 30, and continue the uptrend. It would seem that gbpusd is continuing the uptrend and is about to break the last top at 1.4344, but with the strong usd NFP news release Friday, gbpusd like eurusd strongly fell, with the lowest now at 1.4101. With Friday’s downfall, will gbpusd continue the downtrend with the strong momentum shown, or, will it made bottom and reverse up with the bottom/ support now at 1.3979.

GBPUSD Weekly 2018.02.04

In the 1day chart, we now see the stoch(5,3,3) made bottom and reversed up also sometime Tuesday, and now show uptrend, while macd remains now to be flat from the top made at 1.4344 also. At this point, it is the view that gbpusd will still continue the uptrend as the long-term uptrend has yet to reverse and we wait for the long-term top to materialize. However, gbpusd may as well continue the downtrend still and break the support at 1.3979 because of the strong momentum, but it is the view that the uptrend will still continue.

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EURUSD Update, February 3, 2018

EURUSD Daily 2018.02.03

Last week, January 29 – February 2, 2017, looking at the 1week chart and the 1day chart, we see eurusd made bottom at 1.2336, Monday, January 29, and further continue the uptrend. It would look like eurusd is heading to break the last top at 1.2537, however with the NFP news Friday, with the usd showing strength, eurusd went down strongly, hitting now the lowest at 1.2437. Will the eurusd now continue the downtrend bouncing off the top at 1.2537 with the strong usd news Friday. Or, will the downtrend be shortlived and eurusd will now make bottom and resume again the uptrend, bouncing off the bottom/support at 1.2384 as well as continue the 1day uptrend trendline.

EURUSD Weekly 2018.02.03

In the day chart, we now see the stoch(5,3,3) with trend continuing up but the stoch(5,3,3) has already hit top and shows downtrend sideways, but now makes bottom and may now resume uptrend, while the macd continue to show uptrend signal alhough the macd seems to go flat. At this point, although eurusd show downtrend initiative with the strong usd NFP news, it is the view that eurusd will still continue the uptrend, because that is the long-term view, and we have yet to see a top in the long-term trend 1month for eurusd to reverse down.

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GBPUSD Update, January 29, 2018

GBPUSD Daily 2018.01.29

Last week, January 22 – 26, 2018, looking at the 1day chart and the 1week chart, we see gbpusd further continue the
uptrend reaching the highest now at 1.4344, which could now be a top as gbpusd continue the downtrend with the
opening of the market for the week. Has gbpusd now already made top and will now reverse down having hit the top side of the uptrend channel. In the 1day chart, we now see the stoch(5,3,3) making top again above the top level and appears now to show downtrend, while the macd now show downtrend signal.

GBPUSD Weekly 2018.01.29

With the current top, it is now the view that gbpusd is now going downtrend, however it is only for retracement and consolidation, because although it has already hit the top side of the uptrend channel, gbpusd still show strong momentum uptrend as depicted by the banner or pennant pattern in the 1week chart as well as in the 1month chart. It is now a question of where will gbpusd now make bottom and reverse uptrend anew.

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EURUSD Update, January 27, 2018

EURUSD Daily 2018.01.27

Last week, January 22 – 26, 2018, looking at the 1week chart and the 1day chart, we see eurusd further continue the uptrend reaching the highest now at 1.2538, Thursday, January 25, which could now be a top as the price receded Friday, January 26. As eurusd rises, we now see it getting closer to the long-term downtrend trendline. In the 1day chart, we now see the stoch(5,3,3) continue the uptrend but start to show divergence with the price breaking the last top but the stoch(5,3,3) still below the last top.

EURUSD Weekly 2018.01.27

In the meanwhile, the macd 1day still continue to show uptrend signal and the bbands is still being trailed on the upside. At this point, since eurusd has not hit the downtrend trendline above yet, it is then the view that eurusd will further continue the uptrend, and in this regard, downtrend will be considered only as retracement and consolidation. Also, in the 1week chart, we see that the stoch(5,3,3) also show uptrend continuing while the macd also show uptrend signal still.

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