The chart watch posts are meant to alert traders for chart patterns, support & resistance and candlestick patterns. Chart watch posts are not trade ideas and do NOT have forecasting value. Review our previous chart watch posts as many key levels and patterns remain valid.
Contents
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At Support or Resistance
USDJPY Weekly Chart: The price settles above key long term support among 104.64-104.82. Will we bounce or BREAK?
GBPUSD Daily Chart: Short term descending resistance being tested.
US RUSSELL 2000 Daily Chart: Main medium term horizontal support holding so far at 1453.
Candlestick Patterns
Gold Daily Chart: Gravestone doji candlestick pattern.
NZDJPY Daily Chart: Hammer candlestick pattern.
USDTRY: High-wave candlestick pattern
Candlestick Patterns at Resistance
EURNZD Daily Chart: Shooting star candlestick pattern at prior high and potential resistance at 1.7575.
Chart Patterns
German DAX Daily Chart: Possible head and shoulders pattern. The price should break its neckline to be a valid head and shoulders.
CHFJPY Daily Chart: A complex head and shoulders pattern with a neckline at 107.61.
Thank you for your charts. Great pleasure always looking at your analysis.
Thanks Fuad.
Thanks as always for your charts. NZD seems very weak to me. Would your preferred play be a trend continuation after a break and close of the candlestick patterns in NZDJPY/EURNZD?
Thanks Jamie. I wouldn’t look to go long under current conditions without a clear trend reversal confirmation. For example, if NZDJPY starts breaks resistance and makes new higher highs and higher lows structure. Also, if we break lower I would sell.
I love all the analysis. Thanks
Thank you 🙂
Hello, great thanks fior your charts!
Thanks for comments