CURRENCY DAILY ANALYSIS

[Udhyavara]

EURUSD - chart analysis Daily time frame
It has formed a downward channel .. 1.17550 is acting as daily support.
If price trades below support of 1.17550 for 15 minutes then it will open door for 1.17090.
Short - 400-500 pips you can expect.

 

[Udhyavara]

IF you checked the daily chart EURUSD touched the upper trend line 1.18303 on 22 July at 7 p.m IST ( i.e. 2.30 p.m. UK time i.e. 9.30 a.m. NYC time) and price rejected from there and gave a solid 700 pips down move in a span of few hours.

Sharing short term view .. as market is all about probability my view is if price will trade below 1.17540 for 15 minutes expect some fire works, close your long position and open shorts for 400-600 pips.
pls find the charts. Happy trading.

 

[Udhyavara]

USDJPY - chart analysis Daily time frame
It was on a downward channel till 22nd July.
There was breakout it will try to make a new pattern soon. will keep you posted.

 

[Udhyavara]

USD JPY trading at support of 110.488 if sustains then upside target of 110.560 1 target / and 110.660 possible. Keep SL at 110. 470.

Short below 110.460 SL 110.489 39 PIPS SL target 110.360 / 300.

Again market is game of probability. USDJPY is not in any pattern as per daily time frame.

 

[Udhyavara]

USDJPY - chart analysis Daily time frame
It was on a downward channel till 22nd July.
There was breakout it will try to make a new pattern soon. will keep you posted.

 

[Udhyavara]

EURUSD - chart analysis Daily time frame
It has formed a downward channel .. 1.17550 is acting as daily support.
If price trades below support of 1.17550 for 15 minutes then it will open door for 1.17090.
Short - 400-500 pips you can expect.

 

[Udhyavara]

IF you checked the daily chart EURUSD touched the upper trend line 1.18303 on 22 July at 7 p.m IST ( i.e. 2.30 p.m. UK time i.e. 9.30 a.m. NYC time) and price rejected from there and gave a solid 700 pips down move in a span of few hours.

Sharing short term view .. as market is all about probability my view is if price will trade below 1.17540 for 15 minutes expect some fire works, close your long position and open shorts for 400-600 pips.
Pls find the charts. Happy trading.

 

[Henow1969]

Following the charts in trading is very beneficial and we can minimize our risks in trading too.