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Let’s take a look at the NZD/USD hourly chart.

WE’ve seen a nice move up and it looks like the bullish sentiment will potentially continue.

Watch for a retrcement, however, long-term analysis shows a continuation of the

This currency pair is setting up for a potential long as we saw a nice move up followed by a lot of sideways channeling. Once the sideways movement is over, look for a potential move up to the .8500 area and above.

Good luck with trading and, as always, apply your money management and use your stops.

Greetings and thanks again for viewing our blog - The Trader’s Edge.

We had a comment asking about the USD/JPY so let’s revisit that one and see what’s currently going on.

We see we’re in a downward channel and it looks like we’ll continue that downward trend - however, it does look like we may see a potential retracement back to the upside - potentially as of now to the 83.00 area.

If you apply Fibonacci on the charts, it seems like 81.00 looks to potentially be a key price level.

Once we see the correction complete, if any, then look for a continuation to the downside.

Good luck with trading and be sure to apply your money management and use your stops.

Greetings and welcome back to ‘The Trader’s Edge’ blog on FX Street.

First off, we hope everyone had a great weekend - especially for those who celebrated the holiday weekend.

Let’s take a look at the NZD/JPY daily chart.

We saw a dramatic upward swing and it looks like we may be able to potentially squeeze a little bit more out of this move to get up to test the trend line.

Howevever, we’re starting to channel so watch for a potential retracement down first before a continuation of the movement up.

Good luck with trading and be sure to utilize your money management and apply your stops.

Greetings and welcome back to another entry to our ‘Trader’s Edge’ blog.

As many of the world markets are closed for bank holidays, let’s close out the week with a look at the USD/JPY hourly chart.

It seems like the downward movement from the high earlier this month has a little more potential push down (potentially to the 81.50 target area), however, it looks like momentum is slowing down.

Watch for signs of a potential turn to the upside, however, keep in mind the underlying trend remains bearish so don’t be so quick to trade against that trend.

Good luck with trading and we hope all of you have a safe and wonderful weekend.

Greetings.

Let’s take a longer term look at the EUR/JPY.

The underlying trend remains potentially bullish and look for a test of the high from mid-April and if we see a break and break away from that level, look for a potential (longer-term) move up to the 130.00 area and above.

Good luck with trading and be sure to apply your money management and use your stops.

Greetings and welcome back to The Trader’s Edge.

Let’s pull up the USD/JPY chart.

Both the hourly and daily chart seem to potentially confirm the bullish trend to continue.

On the longer term charts, look for a potential price target of 86.00 and higher.

Good luck with trading and be sure to apply your money management.

Greetings.

Let’s pull up the AUD/USD hourly chart.

The underlying long term does remain bullish and it looks like we may be trying to test the high from earlier this month - and this price point may be the point to look for.

On the shorter term, it does seem there is a little more potential to move downward - if we end up seeing a full retracement, we may see a movement all the way down to the 1.0200 area. Again, this is if it’s a full retracement.

However, we are flirting with high from early April and a break above and break away would mean a potential continuation of the movement up.

If you’re in a long position already, you may want to protect some pips, however, the trend remains potentially bullish.

Good luck with trading.

Greetings and welcome back to another week of trading with The Traders Edge blog.

Let’s take a look at the USD/JPY hourly chart. We saw a big move up and what seems to be a potential top. Well, look for a potential 3 wave correction down from that potential top - keeping in mind it may turn out to be a flat, which could test the high from last week.

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Good luck with trading and be sure to apply your money management and utilize your stops.

Greetings.

Let’s take a look at the NZD/USD hourly chart.

We are approaching a major resistance level at around the .7800 area.

Although this is a major resistance point, it does seem like the pair has the potential strength in it to break above the resistance levels, however, watch for some potential sideways movement along the resistance line.

Good luck with trading and be sure to use your stops and apply your money management.