DXYUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% DXY, 48% Cash. * FOMC WATCH . DXY, VIX and Agriculture are down while Cryptos, Equity Futures, US Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD, Metals, Oil and Energy are up. White House Economic Advisor Bernstein said today that "President Biden has endorsed the Fed's policy pivot",...
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 25% DXY, 75% Cash. * 50MA RESISTANCE TEST. Both PCE price index and Core (without food and energy) for September saw the same increase from the August report , with PCE increasing 0.3% from August and Core increasing 0.5%. Though some may see this as plateauing, it's a bit premature and doesn't...
Japan FX intervention on 24 October estimated to have cost ¥700 billion to ¥900 billion , is Dollar Yen ready & steady for Bearish Reversal after breaking 1998 Resistance High (Buy-side Liquidity) ?????
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. *DXY, 10 Year US Treasury Bonds and VIX are taking a hit as JPYUSD, GBPUSD, EURUSD, 30 Year US Treasury Bonds, Cryptos, Equities, Equity Futures and Commodities are all up. This is after speculation that Japan's government had intervened in currency markets by selling USD for...
• Japan government finally intervenes in the FX market to try and support the Yen • Major currencies lost almost 300 pips against the Yen following the news • On the chart above, illustrated an ascending channel the Dollar Yen is trading in, a bullish pattern indicating further gains on the cards • Also illustrated are the major support/resistance levels in red...
In the dollar index price is making double top ar 110.15 and drop to test its strong trend line support area 109.60 level . Now if price break this trendline support than we see the more drop in dxy and price and coming to test its next level of support area and fill the gap down of previous week. After the breakout of market structure the strong trendline...
USDJPY - Intraday - We look to Buy at 137.63 (stop at 136.77) We are trading at overbought extremes. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward. Our profit targets will be...
USDJPY - Intraday - We look to Buy at 134.08 (stop at 133.15) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. We look for gains to be extended today. A weaker opening is expected to challenge bullish resolve. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our profit targets will...
USDJPY. Pennant Chart Pattern formed on the H2 Time Frame. Long Trade Idea.
$YEN - CPI DAY! One of my favourite pairs to trade whilst we get data, most important is CPI - keep an eye! Have a great day ahead, TJ
After the sharp downward movement, the Dollar/Yen, experiences a price correction to its support range, around 133 to 134.
USDJPY - Intraday - We look to Sell at 132.47 (stop at 133.84) Our outlook is bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be...
The Japanese yen rose to 133 against the dollar ( USD/JPY ), recovering from its 24-year lows. Short-term tailwinds are supporting the yen as the market has repriced Fed interest rate risks to the downside and has already priced in a rate cut in the first half of 2023. The yen is currently doing well in its traditional role as a recession hedge, with the US...
USDJPY - Intraday - We look to Sell at 137.29 (stop at 137.99) Posted a Bearish Outside candle on the Weekly chart. This is negative for sentiment and the downtrend has potential to return. A firmer opening is expected to challenge bearish resolve. Resistance is located at 137.33 and should cap gains to this area. Preferred trade is to sell into rallies. Our...
USDJPY - Intraday - We look to Buy at 137.53 (stop at 136.50) A sequence of weekly higher highs and lows has been posted. We can see no technical reason for a change of trend. There is scope for mild selling at the open but losses should be limited. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward. Our profit...
USDJPY - Intraday - We look to Buy at 136.36 (stop at 135.96) The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A lower correction is expected. A Fibonacci confluence area is located at 136.33. Preferred trade is to buy on dips. Our profit targets...
The USD/JPY daily chart shows a bearish divergence pattern as prices surged to new 20-year highs this week, while the relative strength index (14-day RSI) declined significantly from overbought levels. The Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, as the MACD line (blue line) is sloping lower and may intersect the signal line...
After last night big bearish move and the first bearish daily candlestick, Price is under broken wedge top and ready to goes down after complete AB=CD pattern. The stop loss is so obvious, its above broken wedge, Risk reward is so logical, So, its time to short dollar VS yen.