CHFJPY on Resistance + 4 More Potentials! (Analysis 2019-10-08)

We have two potential short trades in EURUSD and USDCAD that have followed on from last week. These each require a different approach as price is at different stages on these pairs.

CHFJPY is currently stalling on resistance right now and is looking good from the 8 hour time frame. Set price alarms so you don’t miss any moves on this pair, we could see it trigger soon.

GBPAUD and GBPNZD round out today’s analysis with both pairs at support. We need to see price stall before we look to enter anything so be patient and let’s see what the next 24 hours gives us!

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6 thoughts on “CHFJPY on Resistance + 4 More Potentials! (Analysis 2019-10-08)
  1. Nick, I was looking at eur/nzd and it has formed a wedge on the daily chart. What do you think? Will it go down?

  2. Hi nick .
    I see USDJPY IS STALLING AT THE RESISTANCE LEVEL AN IT’S EVEN FORMING AN INDECISION CANDLESTICKS..CAN I PREPARE FOR A SELL?