Monthly Archives: May 2018

Watch AUDJPY for a continuation of this pattern and its implications

AUDJPY is a potential downside continuation pattern currently doing consolidation. At the moment, it is at support from last year’s bottom. A new 52-week low printed first quarter this year suggests further lows. Negative implications to stock indices if previous correlation is still valid.

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Forex short term levels for short term traders: 4 pairs, 14 May 2018

Pairs are USDSGD, EURUSD, AUDUSD and EURAUD. Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Charts from MT4. Transparent blue arrow and triangle indicate trend, red line shows current momentum.

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Another chart on the AUDJPY – SiMSCI divergence theme

Add this 3M chart of the same AUDJPY-SIMSCI divergence theme. What’s notable is that AUDJPY appears to be stepping down to a lower range where it traded between 2010 – late 2012 while SG30 remains at lofty levels.

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Thoughts of the day on NZDJPY, XAUUSD and SiMSCI

Look at NZDJPY which has potential to fall off a cliff and make a big move. SiMSCI could have topped with a very common reversal pattern. XAUUSD is also looking toppish and could turn out to be a disappointment to gold bulls.

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