Euro & AUDJPY revisited

Good Evening Dynamic Traders,

Hope you got some well deserved fun and rest this weekend. I have decided to revisit the Euro and AUDJPY tonight. As it's Sunday evening the data is not streaming properly and therefore please ignore the last bar.

There were several posts on the Euro last week from myself and my learned fellow bloggers. Below are the weekly and daily charts.

You will note from the chart that price has broken through the value index successfully on both the weekly and daily charts. It has also broken through a trendline and has tagged a more longer term trendline. With such bullish signals why not go long?















Note on the daily chart below, price is approaching a previous resistance which could also prove to be a double top. In addition there is the trendline which will act as resistance. If price breaks through both of these then a rally may be witnessed. Watch this chart over the next days and be open to an opportunity should it present itself.














AUDJPY

My last post on this pair was last Sunday. It appeared to show signs of a reversal with a potential 123886. However price did not concede and continued bullishly upwards.

I have posted both the weekly and daily charts for a fuller picture. Price has broken through the near term resistances and is looking fairly good for a continuation. On the shorter timeframe (4 hour) however, MACD is showing fairly strong divergence which is something to be mindful of should your confluences suggest you should trade this currency pair.



























Good Trading!
Bijal Shah