Examples of line chart analysis on NATGAS and AUDJPY for purely educational purpose (for forex traders). KISS – keep it simple, easy to learn and use.
AUD and NZD pairs show recurring, high probability levels on weekly charts, and have a lot of significance because of duration and number of hits.
Simple forex analysis looking at AUDJPY for long side trade. Reasons #1 – 3 bullish channels, #2 – new 52-week high, #3, attractive positive swap for long position.
It appears there is a big divergence between the usually highly correlated HSI, SiMSCI and AUDJPY. Who is smarter? The stock market or the forex market?
These charts of DXY, EURUSD, AUDJPY, SiMSCI and the IWM, SPY and DJT all say this message to me: that the USD will continue higher and a stock correction is just round the corner.
An overlay of SPY (S&P500 ETF) and it’s associated sector funds which show the strongest to weakest US stock sectors based on performance from beginning 2016 to present. Prepare action plan based on boom or bust accordingly. Also followup of last 2 weeks.
Pointing out some observations of AUDUSD, AUDCAD and AUDJPY, price reaction to significant levels. Additionally note AUDJPY can be a prediction for Asian stock indices.