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Recently took a short off the 114.50 handle on this pair and covered in to the 112.00 handle.
114.50 is a huge resistance area and has capped price since 2017. I do believe that if the US equity market stabilizes around its 200DMA and makes a new ATH, USDJPY will break the 114.00 area.
With US10Y yields rising, US rate differential with JPY at 2.35% and on track ...
lower lows, lower highs. Display breakdown below our range low and the short should be a good trade.
- Strong downward
- Below resistance
--> Waiting pullback==> Sell
- Downtrend weakening
- Test support--> Give signal UP
USDJPY offers a good opportunity to go Long and here are the reasons that support it.
First I review USD markets.
US 10 years Yields has been depreciating all the way since 1997 until Brexit where it bounced and just in 2018 it appreciated from 2.412 (1 Jan) to 3.24 about 35%.
In the chart above see how US10Y after 7 ...
I see clear possibility of bearish Butterfly Pattern.
Let me know what you think.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.35.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=113.55.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of ...
Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
Every day is full of new food for thoughts. We saw another day of US Dollar sale due to risk aversion flows and profit-taking after long-term bullish trend.
We strongly believe that most part of the move was related to investors who decided to get out of the market and sit on the fence, or in some safe heaven like yen.
Another reason of USD sell-off is ...
Ascending wedge, Ichimuku rss all looks to me going long
For the swingers among us, it seems that the momentum for USDJPY 0.25% changed to bearish . After a long rally, the price now succeed to create lower low and lower high which indicates On bearish momentum, therefore I'll prefer to look for sell position, the supply above is a Great one for sell position, if the price will reach that supply I'll sell there, my ...
This is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long
Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that ...
Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the ...
The US dollar has fallen sharply lower against the Japanese yen after Chinese equity markets plunged lower on Monday, causing a flight into safe-haven currencies. The USDJPY pair remains under pressure and is intraday bearish while price trades below the well-defined rising channel. Sellers will attempt to break the 112.75 support level, while buyers need to move ...
Here we go another USD/JPY good idea for the ichimuku trade,.
The yen is firmer across the board as China returns and tumbles with the central bank's move to aid economy being shrugged off and the CNH dropping to the lowest levels since mid-August. This has sparked some risk-off play in markets with US indexes in the red. Similarly, Italy continues to weigh on ...
USD/JPY is on radar as it managed to lose 150 points during the last 3 days, with 100 pips losing on Monday.
There were speculations that the key trigger of the pair move was risk-off sentiment in the financial markets, with Italian budget woes pressuring the stock markets.
However, it hardly correlates with AUD and NZD moves that managed to add around 40 ...