USDJPY Morning Star (Doji) Hourly Chart Resistance: 96.57 moderate/97.04 minor/97.48 minor Support:…
Posts Tagged ‘doji’
Did You Know That There are Five Different Types of Doji Candlesticks?
March 21st, 2012
admin The Doji candlestick is one of the first that most traders learn. If we do a survey in our webinars on the most popular candle, the doji invariably wins out
USDJPY Daily Forecast: March 06
March 6th, 2012
admin USDJPY Forecast The USDJPY was indecisive yesterday, made a Doji on daily chart.
Euro, British Pound Gains to Yield Short Trade Setups
February 19th, 2012
admin EURUSD: Candle Setup Hints Upswing Ahead USDJPY: Looking to Enter Long on Pullback GBPUSD: Bounce Seen as Selling Opportunity USDCAD: Muted Range Trading Continues AUDUSD: Looking for Channel Break to Sell NZDUSD: Doji Candle Marks Potential Top
Dollar Index Technical Update 11/2/2012
February 12th, 2012
admin The USDX has closed the week as a doji.
Daily Forecast for Crosses: November 11
November 15th, 2011
admin EURJPY Forecast The EURJPY had a moderate bullish momentum yesterday after failed to make a clear break below 104.95.
EURUSD Weekly Summary: Bullish correction testing EMA 200 and 38.2% Fibo
November 13th, 2011
admin The EURUSD was volatile but indecisive this week, made a Doji on weekly chart.
EURUSD Weekly Summary: August 13
August 13th, 2011
admin The EURUSD had another indecisive movement this week, made another Doji on weekly chart. There are no changes in my technical outlook where overall price is still in a consolidation phase, a non trending market
USDJPY: Doji Candles Hint Upswing Ahead
August 12th, 2011
admin Prices put in a pair of Doji candlesticks at 76.28, the 76.4 percent Fibonacci extension support level, pointing to indecision above the pair's record low, hinting a correction higher may be ahead.
USDCHF Daily Forecast: January 11
January 11th, 2011
admin USDCHF Forecast The USDCHF slipped above the flag formation as you can see on my h4 chart below, but we have no significant upside breakout so far and price made another Doji formation on daily chart. Three Dojis since Thursday is more than enough to show us that price is now consolidating. The bias remains neutral in nearest term. I still prefer a bullish scenario with 0.9750 – 0.9800 remains the nearest bullish target. Immediate support remains around 0.9600 followed by 0.9550. ©2011 . All Rights Reserved.
USDJPY Daily Forecast: January 07
January 7th, 2011
admin USDJPY Forecast The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall still with more upside bias after the false breakdown below the trend line support and strong break above 82.33 testing 84.40 key resistance area. Immediate support remains around 82.80. Break below that area could trigger further bearish pullback testing 82.33 support area. ©2011 . All Rights Reserved.
EURUSD Weekly Summary: Bearish scenario still needs further validation
December 18th, 2010
admin The EURUSD attempted to push higher this week, topped at 1.3498 but whipsawed to the downside, bottomed at 1.3132 and closed at 1.3187. I still prefer a bearish scenario for this pair, but would need a consistent move below 1.3170 to continue the bearish pressure. I have three technical bearish clues as you can see on my chart below. First, the rising wedge formation has been violated to the downside. Second, we have a gravestone Doji on weekly chart. Like the rising wedge formation, a gravestone Doji usually appear after a bullish run and signaling potential bearish reversal, but regardless of the previous movement, this candle stick pattern shows indecisive market but with more downside bias. Third, CCI still in negative territory on h4 chart. In the upcoming week, a clear break below 1.3132 would give us further validation to the bearish scenario targeting 1.2968 – 1.2920 support area. On the upside, immediate resistance is seen around 1.3280. Break above that area could trigger further bullish momentum re-testing 1.3359 and 1.3438 resistance levels. Bullish scenario would have further validation with a clear break above 1.3498 (the top of the gravestone Doji). Have a great weekend and see you guys next week.




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