Analysis:
Bearish Confluences
In a downwards trend
Retest of a key level
Fakeout of downwards trendline
1K long position increase for the JPY
12K short position decrease for the JPY
Bullish Confluences
NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency
3K short position decrease for the NZD
Stay Safe -...
Analysis:
Bearish Confluence Factors
In a downwards trend
Break and retest of a previous area of support for resistance
Downwards trendline touch
Increase of 2K short positions for the AUD
Decrease of 12K short positions for the JPY
Bullish Confluence Factors
AUD is the 7th strongest major currency where as the JPY is the 8th strongest major...
I expect JPY pairs to correct across the board soon, most of them are very oversold. On this pair RSI is very high even on weekly timeframe, same goes for CAD, EUR, and GBP to JPY. All these pairs are at resistance levels, GBP/JPY is actually surpassing the resistance level as well so that is further reason to see a pullback.
I am not entering shorts personally...
We look at the USD/JPY exchange rate and the bearish trend that's firmly in play as the dollar weakens across the markets.
Lower interest rates in the U.S, a $2 Trillion Fiscal spending package from the incoming U.S government, should continue to cause structual weakness in the dollar.
We look at technical analysis entry strategies, Key support levels and...
AUD/JPY coming into trend resistance.. so this is a safe low risk short for me. The only volatility i expect to maybe shake up my decision, are the following;
BoE, Largade, & Fed Speech at the end of the week(11/13)
Maybe Japan Prelim GDP on Sunday Market open (11/15)
Monetary Policy Meeting Minutes for Aud on Monday(11/16)
BIG MOVER: AUD UNEMPLOYMENT RATE &...
We're witnessing a painfull moment in America, because of the tragedic incident of George Floyd.
What could happen to the USD dollar ? Could it stand firm or lose it.
When I was drawing all the trendlines , fibonacci, seeing an insdie bar, left right shoulder inverse, indescison candlestick, bullish shaved bar to reach my target around 135.000, but all those...
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You can sell EURJPY from 121
Stop-loss at 121.15
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Jpy looks like it could have a strong finish of 2019.
The index is trading on an ascendant trend, putting in higher lows
Friday candle is a pin bar and a break of 92.20 zone could expose 93.50 zone in the medium term.
Strategy:
Look to sell especially EurJpy, AudJpy, CadJpy and ChfJpy
Hi guys, USDJPY is forming a Flag Pattern on a daily and weekly timeframe.
It was in an uptrends from 102.36 to 118.18 forming the pole of the flag and has retraced back 38% fibonacci level to a price of 111.363 which is a major support level.
The stochastic rsi indicated that the retracement is complete and now the price is heading towards buy setup.
Take...
We are showing this trade on the weekly chart but all time frames are showing a possible reversal in line with the recent fundamental data. The Capex figure from AUD was very poor yesturday giving potential weakness to the AUD and last nights good CPI data and employment rate from JPY stakes this currency pair in the weak/strong intraday catorgary. Although long...
