Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDJPY has been overall bullish, trading within the rising wedge pattern in blue. Currently, AUDJPY is in a correction phase, approaching the lower bound of the wedge. Moreover , it is retesting a strong demand in green. 🏹 Thus, the highlighted blue circle is a strong...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish , trading within the rising channel in blue. Currently, GBPJPY is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong support in green. 🏹 Thus, the highlighted blue circle is a strong area to...
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
CAD\JPY: in the dynamic interplay of market forces, the attempt to capitalize on a breakout at the crucial SR level was met with market resistance, leading to a downturn. Nevertheless, astute traders remained attuned to the overarching uptrend, which provided a guiding beacon amidst the fluctuations. The formation of a double bottom pattern served as a beckoning...
1. Price in Overall Uptrend Direction: This means that the general movement of the price of whatever asset or security is being discussed is moving upwards over a period of time. In other words, the value of the asset is increasing over the long term. 2. Uptrend Structure Being Maintained: This indicates that the pattern of higher highs and higher lows, which...
Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target...
The Japanese Yen (JPY) has been making waves in the forex market, but not necessarily in a good way. Major JPY pairs like USDJPY, EURJPY, and AUDJPY have all found themselves in a tense standoff with resistance levels for nearly a week now. This has many traders wondering: is it time to jump in, or should we wait for a clearer signal? **The Resistance...
Still holding a buy, moved SL in profit. With the current price movement we might get stopped out. DAILY 151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well. 4H 152.80 gave...
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH. See...
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar. A Perfect Storm for the Yen...
EURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit Entry: 165.193 Why we like it: There is a pullback resistance level Stop loss: 165.775 Why we like it: There is a resistance which lines up with the 161.8% Fibonacci extension Take profit: 163.472 Why we like it: There is an overlap...
Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone. this rejection could lead to further downward movement after a short retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer:...
We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations; ⭕️Which financial asset classes they divert...
The CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the...
AUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit Entry: 100.359 Why we like it: There is a pullback resistance level Stop loss: 100.699 Why we like it: There is a resistance at the 127.2% Fibonacci extension Take profit: 99.235 Why we like it: There is an overlap support...
EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP =...