best free forex signals today for USD JPY

best free forex signals today for USD JPY
BEST Free forex trading signals Free

USD JPY

sell @ 111.40

tp @ 110.70

sl @ 111.80

best free forex trading signals today Description

USD JPY is preferred to sell on FX market as long as USD JPY trades below the resistance level 111.80

as a stop loss and exit from the deal targeting the 110.70 level to take profit

Free forex trading signals analysis

Trend

USD JPY moves in down trend in medium term and in very near term USD JPY formed uptrend wave

Trend lines

USD JPY break out down trend line and start sideway trading

Chart pattern today for USD JPY best forex trading signals

USD JPY finished down ZIGZAG, Measured move pattern and formed current uptrend wave which we expect to end near 111.60 and resume down trend

FIBO RETARACMENT AND EXPANSION

the current bullish wave RETARACMENT 50 % of down trend

Important Support and resistance level today

111.50 represents resistance level on medium and long term

The Relative Strength Index (RSI)

USD JPY also give early sell trading signal when the indicator decline from level 70 on 4 hour frame

Candlestick pattern

bearish engulfing pattern appear on USD JPY price chart on 4 hour frame and one hour chart

Next wave

expectations from best forex signals refer to bearish next wave

 

Gold is looking Bearish on charts

Daily View :Bearish

GOLD has tried multiple time to sustain above 1200 Important level but as of now we not seen any weekly closing since few weeks. Currently its Trading near 1200-1205 range. Resistance zone 1200-1205 observed during last few daily session. It has been trading below the 100 SMA and 200 SMA as well in H4 chart. RSI has given downside break out from 40 mark but it should be sustaining below the same. Down side it is testing support at 1192 in medium term chart and any closing below the same may trigger a bearish momentum in it. Bollinger Bands is also showing down trend for it.

In hourly chart we can see that GOLD is trading with the resistance of 100&200SMA and showing weak on the chart. we see the resistance of 1214 , if it close above 1200 and give break out from 1214 level it may lead to further up side movement till 1222 and 1228 levels.

In Daily chart we can see that GOLD is trading in sideways range and has resistance of 1214 level. Here we have to keep watch if sustain above 1200 level and give break out of 1214 level may go further up till 1238 level and support it marked at 1192 and 1180. Last few trading days also it was up with positive biasness observed in it and giving closing in positive mode but failed to sustain above 1200 level. RSI of daily chart is also moving towards positive.

So overall we can see that GOLD is Sideways to Bullish for for Upcoming sessions and we can see a good up side movement in it if there is a breakout of 1214 level.

Resistance Level :1214 & 1228/1238
Support Level : 1192 & 1180

 

Canadian Dollar on High mode of its 4 months as NAFTA Deal ahead

The dollar slipped against the Canadian dollar on Monday as the United States and Canada achieved a structure arrangement to refresh the North American Free Trade Agreement.

Sources with coordinate information of the discussions affirmed the two nations achieved an arrangement, which included offering more dairy access to U.S. agriculturists and also Canada consenting to a side-letter course of action successfully topping vehicle fares to the United States.

The Canadian dollar ascended around 0.7 percent, achieving a four-month high of C$1.2814 as the news about the structure assention broke, before surrendering a few additions. It last exchanged at C$1.2836.

Despite the fact that business sectors were at that point foreseeing an assention, one wellspring of stress will be cleared away if an arrangement is made.