USD and JPY buying opportunities (16/10/2014)

USD and JPY buying opportunities

After a very volatile day yesterday and with our trades selling GBPUSD and selling AUDJPY making a killing we are now faced with some USD and JPY buying opportunities following some correction that has been observed.

GBPUSD(H4) SELL

For another Day we are reviewing this  trade. The Trend/Wave/Extreme mini indicator is showing

usd and jpy buying

  •  The Trend bar is red down filled
  • Wave and Extreme Bars are Green filled pointing an up correction that may have finished
  • A 200 pips up correction
  • A solid down trend line

USDCAD(H4) BUY

The Trend/Wave/Extreme mini indicator is showing

usd and jpy buying

 

  •  The Trend bar is green up filled
  • Wave and Extreme Bars are red filled pointing a down correction that may have finished
  • A 15o pips correction
  • A solid up trend line

EURJPY(H4) Wait and SELL

The Trend/Wave/Extreme mini indicator is showing

usd and jpy buying

 

  •  The Trend bar is red down filled
  • Wave and Extreme Bars are Green filled pointing an up correction
  • A 115 pips correction so far
  • A solid down trend line

Note:Wait for two down candles prior to selling this pair as the correction may not be over yet and the EUR may gain some more strength.

CHFJPY(H4) Wait and SELL

The Trend/Wave/Extreme mini indicator is showing

usd and jpy buying

 

  •  The Trend bar is red down filled
  • Wave and Extreme Bars are Green filled pointing an up correction
  • A 90 pips correction so far
  • A solid down trend line

Note:Wait for two down candles prior to selling this pair as the correction may not be over yet .

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme  . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.