✅AUD_JPY is trading in an Uptrend and the recent Breakout from the narrowing Wedge pattern confirms our Bullish bias so I think that The price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The price of EURJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️Please, support our work with like & comment!❤️
I guess that it is obvious that USDJPY is bullish. However, analysing the price action, we can spot a slowing momentum: after a sharp bullish impulse, the market started to grow within a rising wedge pattern - a classic reversal pattern. Its support breakout will be a strong bearish signal. Wait for a 4H candle close below its boundary as a...
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!
Hey Traders👋🏻 On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔ The Price Broke This Key Level (The Resistance Becomes New Support Level) Moreover, The USDJPY has created a Rising Wedge pattern and trades inside. So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 145.050🎯 ___________ if you...
GBPJPY hit today the top (HH line) of the Megaphone pattern that started on the May 24th 2021 High. Tha last time it did (April 18th 2022), the price got rejected back to the 0.618 Fibonacci level and the 1W MA50. Right now the 1W MA50 is already near the 0.618 Fibonacci and is headed towards the 0.5. With the 1W technicals vastly overbought (RSI = 75.716, MACD =...
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
EURJPY is trading inside a Channel Up for the past 3 months. The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top. Trading Plan: 1. Sell on the current market price. Targets: 1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d). Tips: 1. The RSI (1d) will give a confirmed sell signal...
The Japanese Yen (JPY) recently bounced back from its lowest point in seven months against the US Dollar (USD), following a statement from Japan's leading currency official that they are open to considering all possibilities regarding the currency. The recent depreciation of the Yen has been attributed to a policy gap between the accommodative Bank of Japan (BoJ)...
CADJPY is trading in a rising wedge pattern on 4H. And I guess you would agree with me that the pair looks quite overbought. As a confirmation, I spotted a head and shoulders pattern on 1H time frame with a confirmed neckline breakout. We already shorted the pair with my students. A bearish move is expected at least to the support of the wedge. ❤️Please,...
Here is my latest structure analysis for USDJPY. Horizontal Key Levels Resistance 1: 143.54 - 144.10 area Resistance 2: 145.10 - 145.60 area Resistance 3: 148.70 - 148.90 area Resistance 4: 151.70 - 151.90 area Support 1: 142.00 - 142.50 area Support 2: 140.60 - 141.45 area Support 3: 137.40 - 138.80 area Vertical Key Levels Vertical Support 1: rising...
Hello,Traders! AUD-JPY is trading in an Uptrend and the pair was Making a nice bearish Correction but now the Pair has retested the Strong horizontal level Of around 95.00 which Is a support level now And there is already a Bullish reaction so I think that the pair Will go up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDJPY is trading on a Channel Up inside a long term Channel Up pattern. The 1D time frame is overbought (RSI = 71.702, MACD = 1.430, ADX = 43.738) and as the RSI entered the Resistance Zone of March 1st, we expect a short term pull back inside the first Channel Up to 141.300. If the bottom (dotted lines) holds, we will buy and target towards the R3 (TP =...
AUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022. Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022. The September 2022 peak got rejected back to its Fibonacci 0.618 level. Sell and target the new...
USDJPY is stuck on a key horizontal daily resistance. The price is currently trading within a narrow range. Because the current trend is bullish, I am looking for trend-following opportunities. To buy with a confirmation, wait for a bullish breakout of 142.0 - 142.45 area. Daily candle close above will confirm the violation. A bullish continuation will be...
BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...
Hey Traders👋🏻 On The Weekly Time Frame The NZDJPY Price Reached a Resistance Level (86.566 - 88.170)✔ Currently, This Key Level is Broken (Resistance Level Becomes new Support Level)🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 90.289🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...