Week 45 / 2015

Welcome traders. New month has started therefore W1 has been put into analysis. Hope you find this useful. Many pips for you all.

EUR/JPY 

Price is moving sideways or descending channel in weekly chart. Bounced from lower band last week. H4 chart runs in downtrend. Two corrections toward 21 & 89 zone has occurred last week. MACD is flat and loosing energy. Another correction to 21 & 89 can be expected before down move.

USD/JPY 

Pair is moving sideways on weekly chart. Possible head and shoulders formation can not be ruled out. H4 graph is mixed. Until new trend is formed this pair should not be traded. 

GBP/USD 

On weekly chart seem that price has ended correction in up move. Price on H4 has run through 8, 21, 200, 89 and 365 Mas. Level 1.55 should be carefully watched. Currently after pull back to 89 uptrend is expected.

GBP/JPY 

Similar to above price has ended correction on weekly chart. On H4 uptrend can be expected.

GBP/NZD 

Price is in correction of previous large up move. On H4 ranging for last three weeks. 

NZD/USD

Price has corrected from previous down move and currently in light down channel. Possible return to downtrend can be expected.

AUD/USD

Seem that in weekly chart the correction of down move has ended. Price returned to downtrend on H4 chart. Currently a small pullback toward 21 & 89 area is taking place.