Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. Nevertheless, let's get started.
CADJPY has been in consolidation since June 2020. Price has broke a three top formation and it means bear market has started to take place. So I would...
In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked...
USDJPY broke new low yesterday and has recovered fully.
The price has seen retraced back and beyond the breakout level at 109.50 which shows that USDJPY is prone to selling.
A bat pattern is formed in the process and the price consolidated within the supply zone.
This would be a good opportunity for an intraday sell where the price is expected to fall further on...
AUDJPY is currently range trading that is visible by looking at the 4hr and daily timeframes. Looking at the main chart it can be seen that the price is confined in between the blue lines (range). Shall a breakout of the range occur to the upside, the price will look to target the 81.000 area where the weekly EMA 50 is present. Have a look at the snapshot of the...
We've all been reading about the trade war heating up and so investors are naturally moving to the safehaven currencies. I'm feeling confident of a strong move towards 147.00 which is the weekly low, once the key fib level has been broken.
FX:GBPJPY
Indicators to check BEFORE GBP Shorting for confirmation
I also suggest using two other key pieces of information BEFORE shorting GBP.
1. Use USDJPY as a measure of market risk appetite and stability
- As you can see below UJ has traded with a tight 38pip range vs GBP$ at 180pips. Therefore we can use UJ as a measure of stability and risk appetite:
1)...
