GBPUSD Update, December 10, 2017

GBPUSD Daily 2017.12.10

Last week, December 4 – 8, 2017, looking at the 1day chart and the 1week chart, we see gbpusd continue downtrend perhaps making a bottom now at 1.3319, Thursday, December 7, making a white candle. Hitting the middle of the bbands which could be a bounce-up, will gbpusd now resume the uptrend to finally break the last long-term top at 1.3656, or will it still continue the downtrend. In the 1day chart, we now see the stoch(5,3,3) show downtrend but appears to show reversal, while the macd still show downtrend signal and has yet to reverse up.

GBPUSD Weekly 2017.12.10

At this point, it is now the view that gbpusd will resume the uptrend because although the stoch(5,3,3) and the macd has not reversed yet, gbpusd makes a white candle just above the middle of the bbands 1day which is a usual point of reversal. Also, we can notice that the bottom at 1.3319 is more or less fibo50 from the bottom at 1.3027 to the top at 1.3549. Also, even with the long-term downtrend is just near above, there is still the momentume uptrend with the uptrend channel, so possibly the uptrend continue.

Posted in GBPUSD Update | Leave a comment

EURUSD Update, December 9, 2017

EURUSD Daily 2017.12.09

Last week, December 4 – 8, 2017, looking at the 1week chart and the 1day chart, we see eurusd further continue the downtrend crossing the middle of the bbands 1day and hitting the lowest now at 1.1770. Will eurusd now make bottom and reverse up to continue the uptrend, or will eurusd still further continue the downtrend. In the 1day chart, we now see the stoch(5,3,3) appears now to make bottom and reverse uptrend, while the macd has yet to make bottom and reverse up although it has almost hit the zero level.

EURUSD Weekly 2017.12.09

At this point, with the last candlestick 1day showing a bullish hammer and with the above stated conditions, it is then the view that eurusd possibly makes bottom now and resume the uptrend. Also, we note that the said last low 1.1770 is at or near fibo38.2 so that it is quite possible that eurusd makes retracement point at the said last low 1.1770. So we wait now for eurusd to continue the uptrend. And in case that eurusd will still continue the downtrend, then we see that there is near below the lower side of the bbands 1day which could serve as the lower limit for eurusd to go downtrend.

Posted in EURUSD Update | Leave a comment

GBPUSD Update, December 3, 2017

GBPUSD Daily 2017.12.03

Last week, November 27 – December 1, 2017, looking at the 1day chart and the 1week chart, we see gbpusd continue the uptrend making a bottom at 1.3220, Tuesday November 28, which is at or just above the middle of the bbands 1day. Showing strong momentum uptrend, will gbpusd still further continue the uptrend, with the top/resistance at 1.3656, now just near above. In the 1day chart, we now see the stoch(5,3,3) continue to show uptrend, while the macd also still show uptrend signal.

GBPUSD Weekly 2017.12.03

At this point, it is the view that gbpusd will further continue the uptrend because of the strong momentum shown, and although we now see the long-term downtrend trendline above as well as the top/resistance at 1.3656. For quite some time, about 1 year now, since the last long-term bottom at 1.1986, gbpusd has been on an uptrend channel, so having hit recently the lower side of the channel, gbpusd possibly target now the upper side of the channel.

Posted in GBPUSD Update | Leave a comment

EURUSD Update, December 2, 2017

EURUSD Daily 2017.12.02

Last week, November 27 – December 1, 2017, looking at the 1week chart and the 1day chart, we see eurusd made top at 1.1960, Monday, November 27 and reversed down. It would seem now that eurusd will not go down any further as it made bottom now at 1.1808, Thursday, and reversed up, which is just above the current uptrend trendline from the bottom at 1.1553. In the 1day chart, we now see the stoch(5,3,3) show downtrend but starting to reverse up, while the macd has recently made top and may soon start to show uptrend signal.

EURUSD Weekly 2017.12.02

At this point, with the uptrend trendline quite very distinct which we can associate with a strong uptrend, then it is the view that eurusd most possibly continue the uptrend. This standpoint we intend to confirm with the break of the last top at 1.1960, and ultimately the last long- term top at 1.2091, keeping in sight if the current uptrend trendline will be broke or not. It is quite interesting now to realize that eurusd has bounced-up off the lower side of the bbands 1week, so that eurusd most possibly resume the long-term uptrend.

Posted in EURUSD Update | Leave a comment

GBPUSD Update, November 28, 2017

GBPUSD Daily 2017.11.28

Last week, November 20 – 24, 2017, looking at the 1day chart and the 1week chart, we see gbpusd further continue the uptrend and broke the top/resistance at 1.3299, and then at 1.3337. Gbpusd now reached the highest at 1.3382, which could now be a top as it now shows an inverted hammer candlestick. In the 1day chart, we now see the stoch(5,3,3) made top and start to show downtrend, while the macd also made top and will now show downtrend signal.

GBPUSD Weekly 2017.11.28

It has been 8 weeks now since gbpusd made sideways uptrend beginning from the bottom at 1.3027. Also, we see that the triangle pattern is further extended with the market range getting narrower, getting sharper. So nearing the downtrend trendline above, it is then the view that gbpusd makes top and reverse down to target then to the downside, further continuing the triangle pattern. Also, we see the bbands 1day is hit at the upper level, so gbpusd would most probably reverse downtrend.

Posted in GBPUSD Update | Leave a comment

EURUSD Update, November 26, 2017

EURUSD Weekly 2017.11.26

Last week, November 20 – 24, 2017, looking at the 1week chart and the 1day chart, we see eurusd continue the uptrend breaking the last top/ resistance at 1.1859, Friday, November 24. Eurusd has now reached the highest at 1.1943, and with a banner or pennant pattern formation with the last two bars, then eurusd possibly continue the uptrend. In the 1day chart, we now see the stoch(5,3,3) show uptrend and has to make a top to reverse down, while the macd now show uptrend signal breaking through the zero level.

EURUSD Weekly 2017.11.26

At this point, with the top/ resistance at 1.2031 just near above, will the eurusd now make top and reverse down, or will eurusd further continue the uptrend and break through the said top/resistance 1.2031, and ultimately break the last long-term top at 1.2091. It is the view that although eurusd show uptrend momentum still, most possibly eurusd makes top and reverse down just below the top/resistance 1.2031, because it is quite a significant level of resistance. So we watch now as we approach this level what it would do, make top and reverse down, or break through it.

Posted in EURUSD Update | Leave a comment

EURUSD Update, November 18, 2017

EURUSDDaily20171118

Last week, November 13 – 17, 2017, looking at the 1week chart and the 1day chart, we see eurusd continue the uptrend reaching the highest at 1.1859, Wednesday, November 15, which is just below the top/resistance at 1.1879. Facing the top/resistance at 1.1879 will eurusd now resume the long-term downtrend still and break the last bottom at 1.1553, or will eurusd further continue the uptrend and break the said top/resistance at 1.1879.

EURUSD Weekly 2017.11.18

In the 1day chart, we now see the stoch(5,3,3) show downtrend after having made top, while the macd show downtrend reversal also almost hitting the zero level. Also, we now see the bbands 1day hit on the upper side limit so that now gbpusd most probably bounce down. So at this point although eurusd shows strong momentum uptrend, it is the view that eurusd most possibly will continue the downtrend. And the fact that in the 1week chart, eurusd still show momentum still and will probably target the downside of the bbands 1week.

Posted in EURUSD Update | Leave a comment

USDJPY Update, November 14, 2017

USDJPY Daily 2017.11.13

Last week, November 6 – 10, 2017, looking at the 1day chart and the 1week chart, we see usdjpy made top at 114.72 and reversed downtrend, Monday, November 6. Usdjpy has now reached the lowest at 113.08, and it is now the question whether usdjpy will now make bottom and reverse up to continue the uptrend, usdjpy having hit now the uptrend trendline. In the 1day chart, we now see the stoch(5,3,3) start to show uptrend reversal, while the macd appears now to flatten and make bottom to reverse up.

USDJPY Weekly 2017.11.13

At this point, it is the view that most possibly usdjpy continue the downtrend because in the 1week we now see that usdjpy is now in a triangle pattern and usdjpy hits now the upperside of the triangle, so possibly usdjpy now reverse down to target then the downside of the triangle, which is the uptrend trendline. So we wait now if usdjpy will continue the downtrend. On the contrary, if usdjpy further continue the uptrend, then usdjpy continue the long-term uptrend and break the long-term triangle pattern.

Posted in USDJPY Update | Leave a comment

GBPUSD Update, November 12, 2017

GBPUSD Daily 2017.11.12

Last week, November 6 – 10, 2017, looking at the 1day chart and the 1week chart, we say that gbpusd continue going sideways as last week remaining trapped between the top/resistance at 1.3337 and the bottom/support at 1.3027. Will gbpusd now still continue the uptrend having made bottom at 1.3038 or will it now make top anew and reverse downtrend. In the 1day chart, we now see the stoch(5,3,3) show uptrend in line with the chart wave. while the macd continue to show neutral lingering along the zero level signifying sideways and ranging with limited movement.

GBPUSD Weekly 2017.11.12

It is interesting to note the bbands 1day as it continue to shrink because of the sideways trend. At this point, it is still the view then that with the long- term downtrend momentum from the top at 1.3656 still active, then the long-term downtrend possibly continue and we await for a formation of bottom for gbpusd now to reverse uptrend. If gbpusd then continue the downtrend, then we have now the next bottom/support at 1.2773 to contend with.

Posted in GBPUSD Update | Leave a comment

EURUSD Update, November 11, 2017

EURUSD Daily 2017.11.11

Last week, November 6 – 10, 2017, looking at the 1week chart and the 1day chart, we see eurusd made bottom at 1.1553 and reversed up, Tuesday, November 7. Having made bottom, will eurusd now made bottom in the long-term and continue the uptrend, or will it still continue the downtrend. In the 1day chart, we now see the stoch(5,3,3) made bottom recently and is now going uptrend, while the macd also show bottom and show uptrend signal.

EURUSD Weekly 2017.11.11

At this point, it is then the view that eurusd is now going uptrend. However, it still the view that eurusd will still continue the downtrend because it still shows momentum downtrend, and besides since eurusd has broke the middle of the bbands 1week eurusd will now possibly target the lower side of the bbands. In the meantime then, we now wait for eurusd to continue the uptrend and then wait now for the top, and eurusd will then resume the long-term downtrend.

Posted in EURUSD Update | Leave a comment