Client
Freshie
- Messages
- 31
- Joined
- Nov 29, 2010
- Messages
- 31
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Hello, people. In this thread I want to share my view on the forex market and, possibly, help you to make a right trading decision. Feel free to discuss it if you wish...
ok, now I made a simple technical analysis of CHF/JPY pair, so here it goes...
The first chart is H4 (4 hours). There you can see the Rising 3 Methods pattern (candlesticks) that is considered as a continuation pattern. Besides that the currency pair went above Moving Average (34). The price aims at the target of approximately 84.500. After that it may even brake the resistance level of the upper trendline.
H4 chart
On the hourly chart below there are additional bullish signals. As you can see the price left the previous range which is marked by the red dotted line and now it serves as a support level. The most probable scenario is shown by the blue dotted line.
Hourly chart
ok, now I made a simple technical analysis of CHF/JPY pair, so here it goes...
The first chart is H4 (4 hours). There you can see the Rising 3 Methods pattern (candlesticks) that is considered as a continuation pattern. Besides that the currency pair went above Moving Average (34). The price aims at the target of approximately 84.500. After that it may even brake the resistance level of the upper trendline.
H4 chart
On the hourly chart below there are additional bullish signals. As you can see the price left the previous range which is marked by the red dotted line and now it serves as a support level. The most probable scenario is shown by the blue dotted line.
Hourly chart