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EURJPY is crashing another resistance

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EURJPY is crashing another resistance  Reply with quote  

Today is definitely a day of breakouts. We have three trading occasions for you, which started with the breakout of either a support or a resistance. First up is EURJPY, which broke the mid-term downwards trend line, and later used that as a support. Today, EURJPY is crashing another resistance, but this time its horizontal. It will be a nice buy signal if the price closes the day above the yellow area.

Next up we have USDCAD, where yesterday, the price broke the lower line of the flag formation (black) and the mid-term upwards trend line (orange). We are back inside of the big downwards channel formation, so selling seems like a preferable option at the moment.
Lastly we have AUDUSD, where the price broke the neckline of the inverse head and shoulder pattern and is now additionally breaking the mid-term downwards trend line. That is huge and brings us a legitimate buy signal. See more https://alpari.com/en/analytics/calendar_fxstreet/
Post Thu Sep 20, 2018 12:00 am
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