It looks like Mr. Trump plays it hard.
4 Hour Strategy (MACD)
UJ decline accelerates to 111.39. The MA 365 at 112.08 was taken out without hesitation. The bias remains on the downside and furter fall could would be seen to MA 200 (Weekly) at 110.50. For now, above MA 21 (Daily) at 112.51 minor resistance will turn bias neutral and bring consolidations first.
In shorter term I would be looking for opportunity to catch the rise to MA 21, since as I mentioned before the MA 89 (4h) was crossed and it should get back to MA 21.
In shorter term I would be looking for opportunity to catch the rise to MA 21, since as I mentioned before the MA 89 (4h) was crossed and it should get back to MA 21.
- #30,243
- May 17, 2017 11:56am May 17, 2017 11:56am
UJ decline accelerates to 111.39. The MA 365 at 112.08 was taken out without hesitation. The bias remains on the downside and furter fall could would be seen to MA 200 (Weekly) at 110.50. For now, above MA 21 (Daily) at 112.51 minor resistance will turn bias neutral and bring consolidations first. In shorter term I would be looking for opportunity to catch the rise to MA 21, since as I mentioned before the MA 89 (4h) was crossed and it should get back to MA 21. {image} {image} {image}
The price has been static as MA200 had provided support on 4H chart. The as mentioned by you the price is expected to pull back to 21EMA. I am taking the chance to trade counter trend.
UJ free fall from 114.36 extended to 110.22 and taken out the support formed by MA 200 (Weekly) at 110.50. In this case if sustainable break remains the fall could extend as low as 108.12 (Bottom of previous wave).
On the upside break of 112.22 MA21 (4h) is needed to indicate comopletion of the fall.
The financial markets are rocked as US President Donald Trump's political turmoil intensified.
On the upside break of 112.22 MA21 (4h) is needed to indicate comopletion of the fall.
The financial markets are rocked as US President Donald Trump's political turmoil intensified.
UJ has formed nice round bottom at 110.225 the recovery is corrective in structure, and I would favor more downside to be ahead. Below 110.23 will turn bias to the downside for 108.12 low.
Dollar recovered mildly as markets calmed down from US President Donald Trump's political turmoil.
On Weekly chart is developing bounce of zero MACD.
On Daily chart what I see is MA 89 break and usually in this case wee see retracement back to MA 21. The MA 365 & 200 provided support and the price could retrace back to MA 21. I would be causious for this kind of contratrend trade.
Dollar recovered mildly as markets calmed down from US President Donald Trump's political turmoil.
On Weekly chart is developing bounce of zero MACD.
On Daily chart what I see is MA 89 break and usually in this case wee see retracement back to MA 21. The MA 365 & 200 provided support and the price could retrace back to MA 21. I would be causious for this kind of contratrend trade.
