Chart Signals – Thursday, Oct 23

Asia Pacific indices Australia 200 has encountered some resistance near 5,400 and has slipped back slightly but remains in an uptrend and above its 5,335 breakout point, while RSI holding above 50 indicates upward momentum still intact. Next resistance near 5,430. Japan 225 has turned around following a successful retest of 14,845 Fibonacci support climbing […]

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Giving Birth to a Trade: AUDJPY

From Craig at Trade with Precision: It’s 22nd October 2014 and it’s the big day! I have been waiting for this moment for a while now and the anticipation has me struggling to maintain my levels of emotion. Today is the day my long awaited trading opportunity has arrived for AUDJPY. How ridiculous the above […]

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GBPJPY: Stalking a Potential SHORT

From Graeme at Trade with Precision: The recent moves across the Yen pairs has provided an potential trading opportunity on GBPJPY. In this video we analysis the technical factors in favour of this pair going short and compare this to recent price action on other Yen pairs.

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Chart Signals – Wednesday, Oct 22

Asia Pacific indices Australia 200 continues to climb, clearing 5,370 with next upside resistance near 5,430 the 5,500 while support rises toward 5,340. RSI clearly above 50 and rising indicates upward momentum growing. Japan 225 has run into some resistance near 15,150 and dropped back to retest the 15,000 big round number as support. RSI […]

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Chart Signal – Tuesday, Oct 21

Asia Pacific indices Australia 200 remains in an upswing with RSI clearing 50 to signal an upturn in momentum. It has run into some resistance near 5,340 with more possible near 5,370 then 5,430 but support continues to move up, this time toward 5,290. Japan 225 has rallied back above 15,000 and straight into its […]

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Chart Signals – Monday, Oct 20

Asia Pacific indices Australia 200 continues to rally and is currently testing 5,340 resistance on the index and 50 on the RSI where breakouts would confirm an upturn in momentum and the start of a new uptrend with next resistance near 5,370 a previous support level, then 5,430 a Fibonacci level.  Support rises toward 5,250. […]

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Chart Signals – Friday, Oct 17

Asia Pacific indices Australia 200 continues to climb up off from 5,100 with support moving up toward 5,140 a Fibonacci level. RSI indicates downward momentum fading fast. Initial upside resistance tests appear near 5,270 then a series of prior highs near 5,345. Japan 225 is bouncing around in a Fibonacci trading range between 14,350 and […]

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Chart Signals – Thursday, Oct 16

Asia Pacific indices Australia 200 still appears to be carving out a base with higher lows in the RSI suggesting downward pressure weakening. For the index, support has moved up from 5,100 toward 5,140 a Fibonacci level with resistance in place near 5,270 then 5,340. Japan 225 remains under pressure, failing to hold 15,000 on […]

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Yen rally and EURJPY support

Recent risk off moves have been accompanied by a rally in the Japanese Yen. This has continued in the Asian time zone on Monday morning.  EURJPY support is now being tested. Today’s video reviews the EURJPY chart and discusses the potential for the Euro to keep falling against the Yen

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Chart Signals – Monday, Oct 13

Asia Pacific indices Australia 200 is breaking down again, taking out 5,200 to signal the start of a new downleg and testing 5,140 a Fibonacci level with round number support possible near 5,000 if that fails. A small positive RSI divergence suggests potential for a rebound at some point particularly since it’s getting close to […]

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