NZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance...
Hello Traders! On The Daily Time Frame, The USDJPY Reached a Strong Resistance Level📈 The Price Failed to Create new Higher High ! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 139.010🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting...
Hello,Traders! EUR-JPY is trading in an Uptrend and the pair has Retested the rising support So I think we will see A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Here is my latest structure analysis for USDJPY Horizontal Key Levels Support 1: 137.24 - 138.05 area Support 2: 135.20 - 135.46 area Support 3: 133.00 - 134.24 area Resistance 1: 144.80 - 145.05 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback/breakout trading this week. ❤️Please, support my work...
The USDJPY crossed today over the 1day MA50 after 10 days. The pattern is a 6 month Channel Up. The 1day MACD is close to forming a Buy Cross, the first under the 0.00 level since the April 7th. This is a confirmed buy signal. Buy and target a little under Resistance A at 144.800. Follow us, like the idea and leave a comment below!!
- Awaiting Change of Character (CHoCH) for $USD/JPY on *W tf (weekly time-frame). Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr) Decent probable Shorting opportunity in case $USD/JPY fails CHoCH. Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect. Pullbacks to at least 20 EMA *W + S/R...
USDJPY is moving on 🟢 support zone(139.10 JPY-137.60JPY) 🟢. Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone. I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the 🎯 target 🎯 of the Inverse Head and Shoulders Pattern. 📚Since the Regular Divergence(RD+) between...
Top-down analysis for USDJPY. Price action & key levels. Directional bias and thoughts. ❤️Please, support my work with like, thank you!❤️
While I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum. Again, I'd suggest to use this "basket" as...
Hello Traders! On The Daily Time Frame, The NZDJPY Price Formed a Head and Shoulders Pattern📉 i'm waiting for a neckline break! Then, we will see a huge bearish move📉 ----------- TARGET: 84.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500. If the price closes below the 1D MA200, it would be a Channel Down...
NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1...
CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke. We will sell this week's consolidation, which isn't just taking on the 1D MA50 but...
GBPJPY is falling after a test of a key horizontal resistance. The price formed a double top pattern with a lower high and successfully violated its horizontal neckline. I expect a bearish movement to 180.53 / 179.88 ❤️Please, support my work with like, thank you!❤️
NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1....
Hello,Traders! AUD-JPY has hit the Horizontal resistance Of 95.5 from where we Are seeing a bearish Reaction and I think That the pair will go Further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CHF_JPY went up to retest a horizontal resistance level of 161.600 Which makes me locally bearish biased And I think that a move down From the level is to be expected Towards the target below at 160.600 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅