The Swiss Franc is depreciating against the Japanese Yen in a descending channel pattern on a small scale. However, by looking at the larger scale situation of this two safe haven currency pair, it can be observed that the pair might soon surge. The currency exchange rate has encountered the support of a medium scale channel down pattern. Most likely the rate will...
Simple technical analysis using support and resistance to identify and long term short for usdjpy. Maybe even a breakdown in the near future.
USD JPY (US Dollar / Japanese Yen)
Technical anlysis only: While we are seeing GBPAUD to fall, we expect a AUDJPY to rise. Trendline rejection coincides with pivot support for 2017. Target in yearly Pivot R! coincides with fibonacci 1,382 Weekly stochastics are oversold with a confirmed weekly golden cross. Risk/Reward: 1,9
Euro is moving higher against Japanese Yen. There is room until 130.200, where I would suggest to take profit. Afterwards, it will be necessary to monitor the price action before taking a short position. For further trading ideas, please check-out? www.wallstreetimes.com
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright so on my last analisys for this pair I saw the bounce and the end of the that downtrend. So lets see how high this pair will go. Monthly: Ok...
Good day everyone, For the past couple of months I've been learning about FOREX , therefore I am not sure if the following event is going to occur, so don't pin yourself down on it. Today I was playing around with the EUR/JPY charts. I started looking at the month, week and day charts and was testing out some Fibonacci retracement levels. What I found out,...
Short Idea on USD/JPY 1:5 Risk/Rewards
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". "The trend is your friend 'til the end". Lost a bit of money on this pair this week. Lets take a look: Daily: Alright so we started Week 20 with...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". The trend is your friend 'til the end! And what a trend this has been! This week's analysis wont vary too much from last weeks. Support and resistance...
Taking a monthly view at this pair.
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright guys this has been one hell of an interesting pair for me, so here we go! Daily: Pretty obvious Resistance level at 148.044 but that's no...
Entry plan is based on the CADJPY weekly and month head and shoulder pattern . I'm looking to enter around the .618 fib area if we get a nice low, ideally a low-test of some sort. Time will tell.... My goal is for the reward:risk ratio to be at least 5:1 with my target sitting between the quarterly .618 fib level (94.4) and a monthly/quarterly trend line...
CADJPY is in the midst of forming a huge inverse head and shoulder pattern on the weekly and monthly time frames. I'm now watching for a key low near the monthly .618 fib and major trend line which ideally would give us our right shoulder. Ideal target is between $95.00 and $97.00, I'll go over specifics in my entry plan. Checkout my website (in profile status...
Trading idea and price prediction for (FX: CAD/JPY ) from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !