Friends, The $USDJPY posted a series of triangular geometries whose Fibonacci relationship remains significant (see DAILY chart). Just as importantly, a finaer granular analysis of internal geometries would also suggest that added upside remains probable as of this market close (10 OCT 2014): Following is a cut/paste discussion held from a recent $USDJPY...
Friends, As discussed over the recently days, price was preparing a rally given a parameter - Lower values threatened to signal a trend reversal, however, Wolfe Waves Pattern stole the show here. In the earlier analysis, there were concerns about a possible down-trend reversal had price maintained its course. Yesterday, I mentioned: "I personally do NOT like...
'On last Thursday, Kuroda met with Prime Minister Shinzo Abe and assured him that he would do more if needed, especially if the BOJ is still failing to meet its 2 percent inflation target. "Should conditions emerge where the target becomes difficult to meet, we are ready to make without hesitation adjustments to policy, additional easing or whatever," Kuroda told...
There is no surprise in the trend of GOLD. For those who follow closely my analysis, there isn't yet an environment where GOLD may have a perspective of growth. Since FED and ECB as well as BoJ have lowered there interest rate, there is not yet a room to see a growing GOLD. From time to time, when the market is exaggerating the move, there may be an upside...
Friends, Several months ago (March 04th, 2014), this $JPY was sitting at 102.2 when the predictiive/forecasting model released two target that eventually got hit - Replay the price action here: . Today, I would like to make a case for a similar lofty, long-term call with an intermediate unwinding to the downside first, as to provide price with the necessary...
With FED's current policy and without any change in the interest rate from FED or BoJ, we are in a range trade where would buy at 101.2 and you sell around 103. Unless BoJ announces a change of policy and until FEd's increased its interest rate, we may be stuck in the range trade. However please bare in mind that when FEd will increase its interest rate, the...
USDJPY is on the move. Altough the pair didn't cross 101.8 in a sustainable way, it is still above 101.5 which is our benchmark. At the present time, the pair is at an oversold level, i.e correction is imminent. If the correction level remain around 101.5-101.3, USDJPY may jump on the upside. Based on Ichimoku, we have 2 out of 4 positives signal for an upside....
The pair is in a little correction but nothing to worry yet. 101.3 is a very critical support. A rebound from 101.5 may be expected. Bellow 101.5, the vital level is 101.3 bellow which it may be a reversal. A re bounce at 101.3 would form a double bottom with 102.2 as a neckline and 102.5-103.2 as a target. So we do watch carefully the pair and stay alert.
Traders, Potential reversal has emerged - albeit quite speculative - on the back of an expanding triangle near-completion at Point-5, as well as a prop-pattern potential ("Great White"). -------------------------- TECH-NOTE: The Case For A Higher Point-5: 1 - Note that such triangles can often post an overlap of Point-5 across its 1-3 line, so further rallying...
USDJPY's trading plan is still valid. My benchmark is 101.5 and the key support level is 101.325. Indicators show that we are at an oversold level because of FEd's Early announcement concerning the increase of the interest rate. However, USD is the strong currency on the USDJPY pair. The black forcast shows the expected curve and trend of USDJPY. Please...
USDJPY is almost at its lowest level but the pair is in a falling wedge pattern. FEd decided not to increase its interest rate before 1Q15 therefore, the expected rise of USD against JPY has been a little bit delayed. however, USD is the string currency against JPY and there is no delay in the tappering program. I.E there will be less money in the market as far...
1H Chart: With upcoming data release from BoJ (CPI , and UER ) I have a strong indication that the yen pairs will be reaching a support around $101.2 - $101.5
We do have 2 datas in hand. 1-FED will not review its interest rate on the upside before 1Q15. 2-BoJ is planning to reach it's inflation Target. Japan will release important figure this week that may affect the pair. therefore one should be very caution before entering the market. Having said that, on a long term basis, BoJ and FED are planning to increase...
Since there is no change in FED's policy, ie no review or postponing of the QE end date, in other word, FEd is keeping the tapering schedule, interest rate will not rise one to a sudden, at least not before 1Q15, we can expect 101.5 to remain an important support level and 103.5 an important resistance level. If FEd increase its interest rate, we may se a move...
Friends, This pair is quite difficult to grasp from a fundamental perspective, as both $EUR and $JPY are expected to under-perform. Yet, there could potentially be a trade opp here, using my prop predictive/forecasting model FUNDAMENTAL DATA: First, $EUR's recent negative deposit rate combined with ECB's option of turning to large-scale asset purchases are...
Everything is said on the chart. One can see my previous analysis published. It looks like we can buy at around 101.5 and sell around 103.5 The swing trade model.....
With the reversal at ~102.50 the descending wedge pattern is maturing. I am playing the short side down near support but in the big picture I am bullish once the pattern completes. Descending wedges are typically bullish continuation patterns.
The pair may face a little correction towards %50 of Fibo retracement i.e 102.0XXX, however, baring in mind FED's decision ,the tapering schedule and BoJ decision, the pair is still on the strong side for the USD. In other words, even though there may be a correction even to 101.5, on a medium term, it is long for the USDJPY pair in favor of USD unless a polical...