As the world remains engrossed in the unfolding drama of the debt ceiling, we believe another event of significance deserves our attention.
Let's take a brief detour into the annals of economic history, looking at the era of Abenomics. This term refers to the monetary policy instituted during Shinzo Abe's second term as Prime Minister of Japan. Abenomics rested...
I fear that Brexit wont go smooth as many people expect it to.
EURZONE will drive a hard deal, and the U.K will most likely decline, and go for another elections, driving the GBP even further down.
On the eastern part of the world, Abe shinzo is to continue with the Abenomics, driving the Yen even further down in value.
Trade with care, and never Risk more than...
The USDJPY is approaching a key level on the weekly chart at 110.30.
However is this an opportunity to long given the obvious fact that both countries have different monetary policies ?
Or given the fact that Abe's popularity is tanking as a result of the scandal may cause markets to reassess the probability of him seeing his abenomics policies to fruition...
It seems that the chfjpy is going to make the new LL , and if the price reach in the Fibonacci level 61.8 - 50 % and the body candle close below the 50% then you can put enter sell position and try to take profit around 112.586 .
Don't forget to follow the money management for your trading account! happy trade.
BOJ dept Gov Iwata was the most recent in what seems to be a slew of attempts by JPY officials, whether it be Govt or BOJ to try and weaken the Yen with yet again more dovish/ promising rhetoric. Statements such as "prepared to loosen policy further without hesitation" where in my mind no doubt undermined by the BOJ's seemingly blind assesment of future...
Took a long position on this pair based on the following reasons:
- Ascending W/D trendline has not been broken + LH have been made constantly
- Inverted H+S pattern on daily
However, as this is a rising wedge, this has the potential to fall right through the roof and continue heading south, I have entered slightly early neglecting PA, so be patient and assess...
Nikkei is consolidating forming a bell curve, if you look at the profile shape from the low.
The weekly downtrend that fired in August has now expired, which means there's a possibility that price goes up to retest the downtrend mode.
I see this as improbable and would suggest looking for shorts once the targets on chart are hit, or the low volume resistance zones...
I've been watching this chart closely, and I think we might see a great buy setup in the near short term.
Eyeing the area between 121.43 and 122.34, with invalidation for this signal below 118.968, potential upside is 137.94 in 6 months or less.
We don't get significant trends in FX very often, and this is one of them. I'll be monitoring the Yen to enter a longer...
