Preferred direction: SELL Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000 . The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade. Particular attention is paid to intraday time periods, where...
The Japanese Yen benefits from the hawkish stance of the Bank of Japan (BoJ) on Tuesday, although it lacks follow-through. The reduced bets on an imminent interest rate cut by the Federal Reserve (Fed) provide support for the US Dollar and the USD/JPY pair. The 147 area could act as a crucial point, and if decisively breached, it might trigger aggressive technical...
USDJPY is on a bullish 1D technical outlook (RSI = 66.246, MACD = 0.750, ADX = 53.805) as the price has established trading over the 1D MA50, negating a potential 1D Death Cross and is extending the bullish wave inside the Channel Up. The 1D RSI looks like March-April 2023 so far which was the start of the second bullish wave of 2023. We are expecting a minimum of...
As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top). Now, instead of following the pair...
USDJPY will continue its growth provided that the dollar index will also continue its growth. Japanese banks are not doing well, the national currency continues to weaken. The dollar index may rise a little bit, as the interest rate cuts are still far away. Based on technical assumptions, there is a chance to see the continuation of the currency pair...
Preferred direction: SELL Comment: Previous targets for short gold were completely closed with profit. However, the downside potential still relevant. The level of 2000 , at which the metal is currently trading, will most likely be broken down soon. Market buyers are still unable to move the price up. Therefore, most likely, this crowd of purchases will be...
The GBP/USD is rebounding towards 1.2700, driven by surprisingly high inflation data in the UK, which diminishes expectations of aggressive interest rate cuts by the BoE. US retail sales data has bolstered the strength of the dollar, slightly exceeding expectations. The exchange rate remains above the lower limit of the ascending channel, with the Relative...
The WTI oil price has surpassed $73 as investors exercise caution amid escalating tensions in the Middle East. Concerns about potential new attacks by Iran-backed Houthi rebels on commercial shipments in the Red Sea, including U.S. vessels, are contributing to a perception of tightness in the oil supply. However, softer economic data from China in the third...
USDJPY may continue its growth on the back of the rise in the dollar index due to fundamental reasons. Technically, the currency pair is forming a bullish trend, it can be understood by the rising lows and highs. The target in our case could be 148.5 Reasons for further upside: 1) Trend breakdown 2) Yen is weaker than the dollar. The pair is rising following...
Consider selling USDJPY based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Currently, the US dollar is gaining ground, benefiting from a weaker market sentiment. Oil prices are trading lower, exerting negative pressure on the Canadian dollar (CAD). Later today, we hope that Canada's business outlook and manufacturing sales can provide some support to the Canadian dollar. On this Monday, the Canadian dollar is showing a mixed performance...
GBPJPY may continue its uptrend after breaking the nearest resistance. The potential is good as the Japanese Yen is losing ground against the fundamentally strong Pound Sterling Reasons for further upside: 1) Breakout of the CHoCH line indicates active buying power 2) PDH retest is forming, breakout and consolidation above 185.66 will give a buy signal 3)...
Hello,Traders! USD-JPY is already making A local pullback from the Horizontal resistance of 146.500 And the pair is oversold So I think that it will go down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: SELL Comment: For Gold , we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further...
USDJPY may start strengthening on the back of a rising dollar after the end of a small correction. All last week the market received strong news for the dollar. At the moment there is a bullish mood in the market Prerequisites for further growth: 1) The dollar is strengthening fundamentally 2) Yen is technically weaker and continues to fall 3) Retest of support...
My dear friends, Please, find my technical outlook for USDJPY below: The instrument tests an important psychological level 141.02 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 143.29 Recommended Stop Loss - 139.97 About Used...
Hello,Traders! USD-JPY went up sharply Then hit a horizontal Resistance of 145.00 From where I think We will see a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
TVC:GOLD Analysis : By checking the gold chart in the daily time frame, we can see that the price based on the latest analysis and opinion we had in these first 2 days was accompanied by a slight upward fluctuation and then continued to correct again with a heavy fall, The price is currently trading in the range of $2050 and we will probably see a further drop...