After a past long ranging period , we can observe that the KDD CORPORATION curve in 30mn has been at first descending. After a short period with flat movement we observed a change in direction, seeing now the market going up back to the former ranging zone. We see that there is a huge amount of fight between buyers and sellers. For the time being, ...
After a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps...
Monthly chart. Breakdown is obvious and confirmed. Thin CPR predicts massive volatility and it is rather clear - to the downside. Using DM projection we should end at yearly S3. DM bullish projection does not provide any space for any volatile move even if we would make a bullish breakout (all DM qualifiers missing). Top Absolute Correlation 1 month 1 EURJPY -...
The Saudi price war was a flashpoint for today's action but it's really all about coronavirus. The news on the weekend worsened with too many cases and outbreaks to count. The conditions for a panic were evident the moment markets opened plunged heavily lower. Japanese market participants invest abroad massively but when uncertainty hits, they bring their money...
Hello everyone Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good. an interesting pattern now is forming in the...
UsdJpy has been trending bullish for the past week or so in my opinion. Last week we saw a very aggressive move to the upside. Today, 1.29.2020 we saw data on the Dollar interests rates, This data in my opinion will begin to ignite the full out bullish rally to come in the days ahead. Here in my analysis I am currently taking a long position with a take profit...
I really believe that this is a bear flag and this is the final touch at the resistance trendline before we can see some downside movement in this pair and the Elliott Wave corrective pattern ABCDE is officially done for now and we should see 5 impulse waves to the downside. If the price manages to brake the support trendline it will continue to fall even...
Hi everyone, with the next trading week coming up, and market opening tomorrow, here is a trade idea I've got for you guys. EURJPY Long Fundamentals: EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the...
I AM EXPECTING A BREAKOUT OF THE NECKLINE, MAKING JAPANESE YEN WEAK IN THE COMING DAYS
Hi guys! Yesterday I posted a sell analysis for GbpJpy, it went TP 137.500 for short term trading. However last night pound was bullish due to decision of the Brexit moved to 12th December 2019. In timeframe H1, Diamond QM is forming! So we look buy and can TP at the Supply Zone. Buy @ 140.00 SL 139.750 TP 141.00 Goodluck!
Looking forward to some recovery of the Japanese Yen at the start if this week. Trend line and 20/50 EMA cross. MACD showing some sell volume and its close to crossing.
Watch out for Breakout, But I personally believe that Aussie is going to lose strength against Yen next week
The US dollar value is growing in the foreign exchange market. Although we do not agree with the current dollar state, however that what is happening. We are conscious of the futility of trying to go against the market will, but the sensation of the illogical nature of what is happening and the current dollar value still does not pass. So today we will continue to...
EURJPY is still on the bearish formation, however it doesn't mean that you should sell because I said it is overall bearish. What I am trying to say is this pair needs to have a confirmation candle before trading, because you are gambling if you are just trading without knowing what you are saying. Hopefully news tomorrow will give this pair some insights which...
Jpn225 has been making the long move to test the resistance. Although I caught this move late, it’s a couple pips away from the R zone
Wait for Upside breakout or take a trade for long from bottom ;)
The YEN pair shows rejection on the weekly support, and a clean morning star doji candle on the 4-Hour chart, We are expecting a retrace to the buy zone of 61.8 - 78.6 (which is in confluence with previous support). I will be looking for buy entries there....for a Strong Buy lasting til end of the year.