As far as the other indicators are concerned, the MACD is sloping downward and giving a clear sell signal, and the stochastichs are signaling
a bearish bias as well.
OverviewThe USD / JPY pair is showing clear
bearish bias as a result of testing the key support 113.97.
Not exact matches
I am maintaining my oil view and short term
bias at cautiously
bearish as the current fundamentals remain
bearish and the market seems to be breaking down from a technical perspective.
But when the market
bias is clearly
bearish, we can choose to take bullish bars
as our setup bars.
The EURUSD gained back some of last week's lost ground today, however, we are still
bearish biased on this market after seeing it weaken significantly over the last two weeks
as we discussed in this week's weekly price action outlook.
We remain
bearish biased on this market and will continue watching for price action sell signals from resistance to rejoin the downtrend
as we can see the longer - term downtrend is still clearly in effect and key support isn't seen until down near 1.2040 area.
As an alternative you can have an iron condor position with a bullish or
bearish bias.
I maintained a
bearish bias yesterday and was proved to be correct,
as the price has continued to fall.