CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.177 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 109.700 which is a level that lies under a pullback support and the 61.8% Fibonacci retracement level. Take profit is between...
CADJPY has fallen towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.283 which is a pullback support. Stop loss is at 109.780 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 110.663 and 110.886 which is a zone that aligns with the...
The Dollar is surging and gaining strength like it did in 2021/2022 when inflation narrative dominated the market. Are we witnessing inflation resurgence. This Multi crossover of the daily moving averages suggests a very strong trend is forming, but this rise in price action often yields a pullback before the next leg higher. Think about why this is...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
NZDJPY is trading close to an overlap support and could potentially bounce higher towards our take profit target. Entry: 88.283 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 87.793 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Take Profit:...
Hello traders, EURJPY may be followed by a consolidation, Shorter term traders could take long and short trades at bottom and top of the range, respectively. We will trade after breaks of the range! SO WAIT FOR UPDATES!
NZDJPY broke and closed above a key daily structure resistance. Taking into consideration that the market is currently rallying, such a violation may trigger one more bullish wave. I anticipate a bullish continuation to 89.4 ❤️Please, support my work with like, thank you!❤️
On Monday, the USDJPY dollar hit an 11-month peak, a move triggered by the Federal Reserve's recent signaling of another potential interest rate hike and an intention to maintain higher rates for longer. Then, (counter to expectations) the yen faced pressure when the Bank of Japan, on the preceding Friday, decided to maintain its ultra-low interest rates and its...
Introduction: In the ever-evolving world of currency trading, it's crucial for traders to stay informed about potential interventions by central banks. The recent Federal Reserve meeting has sparked speculation about the Bank of Japan's (BOJ) next move regarding the yen. This article aims to examine the likelihood of BOJ intervention and provide a cautious...
CHFJPY formed an important high momentum bearish candle last week. With one single candle, the pair violated a lower boundary of a horizontal range, and the market also closed below a major rising trend line. It makes me think that the pair may go lower. Goals: 162.42 / 160.8 ❤️Please, support my work with like, thank you!❤️
After the completion of the 5th leg, the US DOLLAR is expected to reverse direction to the downward.
We can see CADJPY rejected off the ascending channel and horizontal resistance confluence. I think we'll retest following a bounce off the lower boundary, especially seeing how oil is doing and today's CAD data. I'm really mindful of the end of week BoJ news as I think this could cause some reversals based on recent BoJ fundamentals and historic moves to protect...
The Japanese yen has taken a tumble after the Bank of Japan's decision to hold interest rates steady. Meanwhile, the perfect trading scenario has emerged with the US dollar/DXY. It's time to capitalize on this golden opportunity and make some profitable moves! So, fasten your seatbelts and get ready to ride the wave of success. The Bank of Japan's Impact: The...
GBPJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 183.325 which is a pullback resistance that also intersects with the descending trendline. Stop loss is at 183.980 which is a level that sits above a swing-high resistance level. Take profit is at 181.758 which is a pullback support that...
Hello traders, Next week BOJ and BOE have important news for us. Those news could devaluate our analysis. NOTE: Entry, SL and TP will be announced in case of breaking the bullish trend-line
NZDJPY reached a key daily horizontal support. The price nicely respected that and formed a double bottom pattern on an hourly time frame. I anticipate a pullback from the underlined area at least to 0.88 ❤️Please, support my work with like, thank you!❤️
CHFJPY is falling towards a multi-swing-low pullback support and could potentially bounce off this level to climb higher. Buy entry is at 164.096 which is a pullback support. Stop loss is at 163.400 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 165.457 which is a recent swing-high resistance. High Risk Investment...
GBPJPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 182.957 which is an overlap support. Stop loss is at 181.800 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 184.462 which is a multi-swing-high resistance that aligns with the 50.0% Fibonacci...