The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line). The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has...
CHFJPY Short setup 100+ Pips. Let me know what you think!
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 143 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 143 support and resistance area. Trade safe, Joe.
The Japanese Yen (JPY) faced a decline after softer domestic consumer inflation data, raising uncertainties about the Bank of Japan's (BoJ) potential policy tightening. BoJ's October meeting minutes revealed a consensus to maintain the accommodative policy, contributing to JPY weakness. The USD/JPY pair saw a modest recovery from weekly lows, supported by the...
USDJPY is on the MA200 (1d) on top of the Rising Support Zone. That is the bottom layer of the long term Bullish Megaphone pattern, a very strong rebound range. Trading Plan: 1. Buy on the current market price and as long as the price stays on the Support Zone. Targets: 1. 151.980 (Resistance 1, the previous High). Tips: 1. The RSI (1d) has formed a Double...
In today's trading session, our primary focus is on USDJPY, where we are actively monitoring a potential selling opportunity around the 142.500 zone. Presently entrenched in a downtrend, USDJPY demonstrates a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 142.500...
The CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis. As long as it...
From a technical standpoint, spot prices indicate a potential rebound below the 142.00 level, seemingly breaking the two-day downtrend. This suggests that the overnight break back below the 200-day Simple Moving Average (SMA) is crucial support for bearish traders. Furthermore, oscillators on the daily chart remain firmly in negative territory, indicating minimal...
In today's trading session, our attention is focused on USDJPY, as we actively monitor a potential selling opportunity around the 142.600 zone. Having previously traded in an uptrend, USDJPY has recently undergone a notable shift, successfully breaking out of the uptrend. Presently, the currency pair is in a correction phase, gradually approaching the retrace area...
GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the...
4h Trend change by confirming on daily tf, price is clearly making HH,HL's. Price currently in Discount Range, Potential Buying setup would be at Recent 4h Demand Zone, i would be looking for target above the 50% of the 4h recent leg
EURJPY has turned neutral on its 1D technical outlook (RSI = 46.011, MACD = -1.000, ADX = 41.208) as it held the 1D MA200 but remains restrained under the 1D MA50. This rebound however looks very much like the August 2nd 2022 1D MA200 rebound, which after it crossed over the 1D MA50, rallied to the 1.236 Fibonacci extension. A 1D MACD Bullish Cross will confirm...
In today's trading session, our primary focus is on USDJPY, as we carefully monitor a potential selling opportunity around the 145 zone. Presently entrenched in a downtrend, USDJPY demonstrates a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 145 support and...
We have spotted earlier a bearish trap on USDJPY. As I predicted, the price nicely recovered. We see one more bullish pattern now. The pair formed an ascending triangle formation on a 4H time frame and successfully violated its horizontal neckline. The growth will most likely continue. Goals will be: 144.0 / 144.7 ❤️Please, support my work with like, thank you!❤️
I see very much potential warning alert signal of 4 major currencies of the world. 4 major currencies that I am concerning are Dollar Japanese yen Euro & British Pound. I was seeing major upgrade of dollar index and stronger dollar but after I hearing Fed's seminar last week and analyzed quadrople charts of yen euro dollar gbp and my decision to made to short...
EURJPY daily short setup. Will be looking for price to continue a move down tomorrow. Let me know what you think!
GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1....
GBPJPY big resistance zone. Will be looking for price to get rejected in this zone! Let me know what you think!