Good day traders,
As we are heading to the end of another crazy but great week. It’s always a mixed feeling for me.
Well, before the trading week closes, we still got some setups to analyse. Without further delay, let’s roll out the charts.
1.CAD/JPY
You remember this dude?
Some days ago, we analysed this chart partially as we were unsure of the price direction. Today, price broke through its key support level (84.339).
If the candlestick closes the way it is represented in the chart above, we may most likely see price hit or surpass level 82.972, having in mind that tomorrow is Friday.
2. AUD/JPY
AUD/JPY is on a bearish run when looking at the daily chart. On the 4 hours chart, price has been trapped in between 80.300 and 79.694 since on Monday.
The support level at 79.694 in my opinion is becoming weak and may most likely give way to the bears, which may most likely send price to 78.771. If price at the close of the last candlestick (10pm GMT) is above the support, then thread cautiously.
3. EUR/CHF
EUR/CHF was locked in a TRIANGLE. The support at level 1.12404 was suppose to push price back up to the resistance level 1.12761, but from what I am seeing, the support is failing.
If the price continues in this trend, we may see bears take this price below level 1.11578.
I would advice that if you are taking any of these setups, consider the fact that Friday’s could be a little erratic most often than not, hence thread carefully.
Do have a great Friday and a grand weekend
