Bullish signals in a frenzy! Live currency commentary from the P&F chart
The time has finally come!The market that had been moving sideways has become lively, and buy signals are dancing all over. This time, we would like to introduce currency pairs that are showing buy signals. We will also explain how to handle the market.[cc id=24719]
Currency pairs with buy signals
GWis approaching, and the foreign exchange market suddenly moved.NYThe Dow was about1months ago in a range breakout that produced a buy signal, but the forex market did not follow the Dow and continued to trade in a range. Now is a good time to position for a longer time frame.USD/JPY
Reference: USD/JPY daily chartP&FChart The USD/JPY found support at the lower trend line. Here, it broke the recent high (yellow arrow) and4month24day buy signal has been triggered.Since the price rose without touching the lower trend line, it shows strong buying pressure.
AUD/JPY

Reference: AUD/JPY daily chartP&FChart
AUD/JPY was in a range between2months and77.436-79.841,4month12day broke out of the range and a buy signal has appeared. However, the current trend remains subdued. The reason will be explained in detail later.
To be continuedhere
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