No Bullshit Forex Blog, A Part of No Bullshit Network

My homework for the upcoming new week as follows:

GBPUSD

Still on the uptrend. Not much changes. Seen a doji forming on the H4 and daily chart. Should be a good opening towards the beginning of the market. Watch out for the candle crossing the 200EMA lines and MACD reversing to the positive side for confirmation. Bullish

GBPJPY

Uptrend as with GBPUSD. Possible retracement to the top since its around the 23.6 level on fibo (H4 chart). Just watch out for signs on 30mins to 1hr for candles to cross 200EMA lines and make sure MACD goes in line with them. Not too sure on how the market is going to open for this one, but chances of it siding the bulls is higher. Unconfirmed

EURUSD

Channel is on the uptrend. The candle just crossed 200EMA on H4 but MACD isn’t showing yet. Will look at the shorter time charts on the market open before doing any trades for this one. It’s currently ranging between 23.6 and 50.0 on H4 fibo, closer to the bottom trend line for now. We’ll see it drop further down if it crosses 1.364x zone. Unconfirmed

USDJPY

Channel looks like its going down for the daily chart, but its looks good on short term charts like 30M, H1 and H4 for a retracement to the top side. Wait for further confirmations. Currently resting close to 23.6 region on H4 fibo. Bullish

EURJPY

This pair has been on the uptrend steadily on weekly charts till a week back. A doji formed on the closing of last week, with a further possible of going down on the main trends. Look out for short term charts like 30M, H1 and H4 and the correlation between 200EMA/SMA lines and MACD to confirm before entry. Unconfirmed

AUDUSD

Main trend for AUDUSD is up, although it seems to have been shaky last week. Look out for signs on MACD reversing for the smaller charts (and if it syncs with the candles to trip the 200EMA/SMA lines on the top), it can be a bull, or a bear, since it looks easier to break the trend line below. Unconfirmed

EURUSD

Main trend is heading downwards, but it seems like EUR is making a comeback with a strong closing prior to last week. It looks very strong on the upside, in lines with the 200EMA/SMA lines and is very close to the main trendlines on the top. Either it retraces back to the bottom or the top depends on the opening. Unconfirmed

USDCAD

Very weird pair, and not one of my favourites to tinkle with. Main trend is still heading down. Looks closer to the trend line on the bottom than the top, although smaller duration charts (30M, H1, H4) might be supporting more of a uptrend movement for the opening. Unconfirmed

EURCHF

Uptrend still continues with the channel. We’ll wait for H1 candle to pierce more prominently through the 200EMA/SMA line and more sure signs on MACD before entering a trade. The pair is ranging and might possibly retrace to the 38.2 - 50.0 fibo zone based on H4. Bullish

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