Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
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Today’s trade ideas:
4 hour chart for USDCAD going back a whole year – the sideways range is obvious. (See above). However we are in a 3 month bull trend & have broken above a 3.5 year trend line so I will attempt longs on a pull back.
AUDJPY very much stuck in a 3 week channel from 9450/40 up to 9580/9600. (See chart below).
AUDUSD mostly sideways for 2 months in a longer term bear trend so I am happier selling at resistance.
GBPJPY stuck in a range from 181.50/30 up to 183.50 for 3 weeks & a greater sideways range for 4 months – see below.
GBPCAD ranges from 1.6630/20 up to 1.6790/1.6810.
GBPUSD in a 3 month bear trend so I have sell levels on the sheet
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Jason Sen, Director
https://www.daytradeideas.co.uk
20231028