Hello Enthusiast Forex Traders! Here's Long-term outlook for JPYBASKET , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) JPYBASKET is breakng out of the Falling Wedge Pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator already crossed up toward the zero level area, it...
Hello Enthusiast Forex Traders! Here's medium-term outlook for USDOLLAR , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) USDOLLAR formed a trendline false break on h1 timeframe. Afterwards, USDOLLAR already broke out of the Falling wedge pattern.The MACD already crossed upward above the zero area, it signify a probability of...
Hey there everyone, A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation Although waiting for more from...
since jpy is strong what should we expect from xxxjpy pair??? next week would bring us goodies...
The FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see if it is able to maintain its bullish momentum. If the basket is able to stay...
JPYBASKET We wish you a happy trading week coming, we aim to give you the best analysis of each pair every day, follow us and let us know which pair you want us to look at. next week we are buying JPYBASKET.
Hey tradomaniacs, The JPY-BASKET is currently testing a strong resistance-zone after the breakout of a triangle 👉 So far sellers are taking some action and try to defend their zone which could lead to a pullback back down to the 61,8% fib-level. A little bit suspicious is that a tringale usually contains 4 Waves, from A-D. Since a triangle is always a...
Hey tradomaniacs, with the retest of the previous breakout we could see another impulse upwards as UR YIELDS are currently falling, which is basically good for JPY. Interesting to watch would be AUD/JPY, NZD/JPY, EUR/JPY aswell as GBP/JPY since all these curencies against the major USD were very weak today as expected. JPY-Strenght could cause JPY-PAIRS to...
Hey tradomaniacs, Its the same old story 👉 The market awaits more inflation-data from the USA aswell as the European Central Banks meeting to get any hints for possible tighter monetary policy plans. On thursday we get a bunch of important data, such as the U.S. initial jobless claims, U.S. CORE CPI and the ECB Interest Rate Decision which is probably a...
JPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop...
Nice breakout that I see here with a possible continuation to the topside!
Yen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence. With this we can see all the JPY related pairs get impacted. Wait and watch the day scenario....
See how to use advance pattern to call trade.
Broke trendline, now retesting TL, previous market structure, 50% fib lvl test, 4HR EMA50 and DAILY EMA50 retest. That's five confluences there.
The first two weeks of June has been fruitful for JPY, gaining strength against it's major counterparts. Maybe the strength will continue but my Yen index has rallied to resistance with supply above. AUDJPY and NZDJPY have very nice uptrends and I'll be watching these and others for their next impulse
The above chart show's FXCM's JPY index, the JPYBASKET. The left chart show's the daily time frame. Here the index is below its black 20-day SMA and the RSI is on the bearish side of 50 (blue rectangle). These are indicative of an underlying bearish momentum. The right chart show's the hourly time frame. Here the green 5-hour EMA is below the orange 10-hour EMA...
FX:JPYBASKET Is prone to break the high @10650. #ahmedmesbah