Hello everybody!
-On a daily chart, we can see that the price made nice bullish engulfing pattern and then the price went in a bullish direction.
-The stochastic indicator is In an oversold area so we might expect that the bulls are going to take control over this pair.
-On a daily base, USD is the strongest currency while JPY is somewhere in the middle and on a weekly base USD is the strongest currency while JPY is the second strongest currency.
-If USD remains stronger then we can expect bullish movement and if JPY gains more power and becomes strongest than USD then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price made nice bullish engulfing pattern and then the price went in a bullish direction.
-The stochastic indicator is In an oversold area so we might expect that the bulls are going to take control over this pair.
-On a daily base, USD is the strongest currency while JPY is somewhere in the middle and on a weekly base USD is the strongest currency while JPY is the second strongest currency.
-If USD remains stronger then we can expect bullish movement and if JPY gains more power and becomes strongest than USD then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.