A long-term look at the AUDJPY cross allows us to see a clear trendline resistance at the 101.70 level. Now that the market has fallen 400 pips after coming close to its 2013 highs in November, a long term double top seems possible. In a similar idea, I suggested a USDJPY reversal for the beginning of 2015, which I also see with the AUDJPY cross now.
USDJPY has been like a super freight train out of control in its bullish trend. This has been so impressive that most in the trading world are now extrapolating this into the future and eyeing 124 and above. Whilst these level might still be reached in the future there are enough reasons to expect a decent pull back to offer shorting opportunity for the...
Lots of build up in momentum today. Between consumer price index, unemployment, and overall household spending we should see markets take a move back towards 118 or fall back to 116.4. right now we are testing 117.6 and hoping it might start heading back down to 117.35 (metrics I'm waiting to short this market). Roughly in about 8-9 hours we'll see these markets...
Dollar-yen is on an amazing ride, fueled by the destructive policies set forth by the Bank of Japan. Nevertheless, the run-up since Oct. 31 has seen its share of pullbacks; and, if price action closes below the wedge ascending support, the pair will likely test minor support levels at 117.75 and 117. However, it would be constructive for dollar-yen to pullback at...
Sitting at a happy 102 I reassessed my long position and closed it in profits. Currently, we are reaching a cross over on the 30Minute chart and 1HR chart. Don't see it sitting low for long, probably see a 0.50cent drop and rise within the next week or two. No real data on this call, just speculating
1) SP500 on ALL TIME HIGHS, MEGAPHONE pattern, GLOBAL RISK OFF 2) Investors confidence extremely BULLISH 3) YEN INDEX is technically EXTREMELY OVERBOUGHT, ABOVE 2 STANDARD DEVIATION BOLLINGER BANDS on daily basis 4) USD is EXTREMELY OVERBOUGHT aswell as US growth has been EXAGGERATED. Wage growth is WEAK, and INFLATION EXPECTATIONS are really WEAK, so FED...
There's a nice bounce today off 23.6% fibs for a good short entry if you have not done so. A reversal is currently underway for GBPJPY, as traders starts taking profit off longs against the Yen. Stops are placed at the previous high of 184.305, with 2 take profit area at 61.8% & 88.6% fib respectively.
BOJ is exporting deflation to the rest of the world and has also lifted all global stocks as BOJ has said it will be buying global stocks and bonds. It looks like the 33 plus year bear market in the NIkkei may be coming to an end.
Japanese authorities surprised everyone on Friday by increasing their already aggressive bond purchases (QE) by a third. In addition, it will expand those purchases to include stocks and real estate investments. The Japanese pension fund also announced that it will increase its allocation to domestic and foreign stocks. That gave a huge boost to global stocks. The...
Composite Yen crosses provide an interesting way to look at the unfolding Yen scenario. I'm applying my own ARS Gann Lines here along with fib-circles for timing and a fan for slope... The Gann -45deg ( dashed yellow ) and -90 deg lines ( dashed red) provide targeting guidance for major moves to come. The equations use square root values plus or minus the...
China and Japan may be the economic giants of Asia and the world, but the behavior of their currencies would indicate otherwise. Since August 2012, the Chinese yuan strengthened and the Japanese yen weakened considerably. The yuan trades at record highs against the yen. Given the negative impact of a strong currency on exports, China should seek to weaken its...
Yesterday also continued to grow, and it has raised firmly. 107.50 is key price, which is the boundary between buyer and seller. As a concern, it's that it was not able to hit a new high in this week after getting higher with strong CPI yesterday. of course, it is also a development of going higher, but it is also doubt a little. Well, since there is no need to...
Good morning !! In Oceania-Market, have risen to the Sell Zone (Res-C). As I wrote the other day, I think that it has been confirmed whether Buyer of Daily-level is win or lose. "Long" has not been determined. 107.50 is a point that switch to looking for "Long". If destroy the small upward trend of the most recent, I aim to buy after I see the...
Yesterday, as expected, it was a remained in the range of the day before. from the fact that Daily-chart is "From OutsideDay, To InsideDay", I am careful today. In Tokyo-market in the morning, updated higher than yesterday. it is warning of upside risk. also touched 106.50, it is key price. I want limiting to trading of short-term today. I think that "Sup-F"...
Yesterday was dramatic movement ! because I was looking Long yesterday morning, participated in attacking higher. of course, I didn't think even fall so. hahaha.. I participated in decline after it updates the lows. I think flow may change. because, Buyer of "Higher-Price" would have been cut by decline of yesterday. and it reached Buy Zone of Daily-Level....
Good Morning. Tokyo-Market this morning,Took over the flow of to Oceania from NY closed, and touched 107.40 of "Turning-Point" by buyer leading. As I wrote in the idea of yesterday, 107.40 is "Key-Price",and was suppressed now. If movement of breaking this point come out ,I keep up on buying. Okay, I will reconsider the movement of yesterday. As I wrote...
Short if 107 holds and price action remains in the channel. Price likely to move back to the first support level. However, a break through the channel could see upside to 107.37. The dollar and S&P seen a bounce after sharp declines, but this is likely to be short lived. Outlook til the end of the week.