The yen is respecting the uptrend it has been in after bouncing off a support level However, as the market calms down more from all of the viruses fears the yen might look more unfavorable but for now I suggest riding the trend
please look at this before you trade with any pair included (JPY)...
THIS WEEK IS ELECTION WEEK!!! 1) Go Vote and 2) we should see some interesting movement with the US Dollar. Ideally I would like it to continue to the up side since a Daily high was broken and I have a nice setup on EU, but it also does have the potential to get weak so I will wait until I have confirmation. The Yen didn't break the high I was looking at last week...
This is the weekly analysis of the Major Indexes. From this analysis, we can form a high probability pairing of the currency pairs we should be trading.
TVC:JXY This chart forms part of a larger research note and should not be considered financial advice. Please do your own research. Trading is reactive not predictive take not on how prices act on those key highlighted levels and be aware that Fundamentals and industry sentiments play a role in price movements.
good chance for bullish by bull back we expect cross down trend and hit the resistance level as target as shown on the chart
A quick look at the index to see where prices are trading in terms of our analysis on sunday. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then...
It has created a flag and takes a strong line in front of the dividing line.
Trend: Down Phase: corrective Trade: SELL NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
The key themes going into next week will be stimulus. The update from the federal reserve this week they showed they are purchasing high quality corporate ETF's (a new asset class for them) and amongst the ETF's being purchased was LQD . As you can see, it clearly benefited. For some that have been in the game for a while, front running the FED has never been our...