All weekly analysis are high-level and sets the week ahead. However markets change due to news and events so this may evolve. I do Monthly, weekly and daily scans every week for context. Higher TF help to guide the lower so as to give an indication or hint as to the direction of the market and potential entry points.
Top Left=M1
Top Right=W1
Bottom Left =D1
Bottom Right =H4
20 SMA = RED
50 SMA = ORANGE
200 SMA = YELLOW
Bollinger Bands = PURPLE
MACD (prefer to use in non trending market)
RSI (prefer to use in non trending market)
Upcoming midterm elections in United States to be held on 06.11.2018 and will likely cause volatility so mostly stay out of USD until results. Having said that though:
CHFJPY – Buy
Rising support seems still valid on M1
Rising support valid on W1
Piercing pattern on W1
Fibonacci retrace at 61.8 on weekly
Daily shows rounding bottom toward upside
MACD appears to be attempting to cross over (D1)
Would like to see a break above resistance (H4)
AUDCAD – Buy
Upward continuation from last week (hammer previous month)
Expecting short-term pull back before continue upward
Shooting star on D1
Would like to see a break above resistance (W1, D1, H4)
EURUSD – Buy
Divergence on W1
Doji confirming support on W1
200MA confirming support on W1
Bottom band of Bollinger on W1
Bullish engulfing pattern on D1
MACD appears to be attempting to cross over on D1
NZDJPY – Sell
Resistance appears to be confirmed on W1
Price looking to react at resistance on D1
Top of Bollinger Bar on D1
Would like to see a break above resistance if continuing up,
Or Bearish pattern for confirmation of downward move
Bearish patters may begin to present on H4/H1
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