For the third consecutive day we can see the same picture.
The Japanese Yen keeps getting weaker and weaker and as a result USDJPY and EURJPY pairs keep reaching higher. As they are in extremely overbought regions it is risky to buy at that point.
Euro,Sterling, and Swiss Franc seem to be gaining while the AUDUSD and NZDUSD continue to drop. Most of the pairs appear to be approaching critical support or resistance levels so once they are off their extreme zones they could be good trading opportunities.
Here are the trading opportunities. Just make sure you don’t buy on overbought or sell on oversold.
EURAUD (4-HOUR) BUY
GBPUSD (4-HOUR) BUY
USDCHF (4-HOUR) SELL
NZDUSD (4-HOUR) SELL
AUDUSD (4-HOUR) SELL
Read about the Trend/Wave/Extreme system here.