We have no stock picks for today, as the hype on Pot Stocks are still strong. As you can see yesterday, we rode the trend up on Cronos before Tilray halt start to spoil the party, Still bullish base on our last sharing. For today, we don't see much opportunity in the market. Given a choice to pick one, it will be USDJPY. We are slightly short bias on this...
The dollar yen looks to have formed a H&S pattern from top of recent range Scenario A) Neckline is broken and targets 107, bottom of the LT range Scenario B) Neckline holds / false break
USD/JPY labeled in an ABC bearish correction, where wave B presents a Double Three within an Expanded Flat. Expecting a sell-off and YEN strength.
Expecting lower highs for this pair from this point onward until it reaches 95. Ha! Happy Trading, folks! Cheers!
Hello everyone! Today wanna share with you my idea about USD JPY . Is moving from 1 month inside a triangle , now looks like is ready to break it , EMA 200 in 4h it's an important tool in my opinion , in this case acted as resistance around 111 zone so the possibilities for this pair are higher for a downside break by the way will wait for a strong and solid...
USD/JPY – Daily Resistance & Support: Resistance: 112.00 / 113.00 / 114.50 / 118.00 / 124.00 Support: 110.00 / 108.00 / 107.00 USD/JPY – Summary: Expected to continue with the Bearish Correction which could complete at or around 110.00 Levels, but could also reach 108.00 Levels Bullish Impulse expected at or around the 110.00 or 108.00 Levels
A backtest of the monthly trendline has completed. Now we're seeing this pair aiming to retest the high for a potential double top @ 112.500. Happy Trading, folks! Cheers!
USDJPY recently broke out of a large structure on the daily and weekly time frame. The current structure formation on the H4 time frame is what I have been waiting for. This is the second wave of this structure which should complete at around the 78% retracement level from the previous high. I then expect to see wave three to the downside where I will then be...
President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies. USDJPY reached its 4hr resistance, which was tested...
do i really even need to explain that you have to short usdxxx pairs right now? this opportunity is at the perfect point to sell right now with the retest and large bearish candle on price action. set stop above the .382 fib level and tp at the next support zone approx. 200 pips potential
Two days ago USDJPY broke above major trendline and have pushed higher since. Also mentioned a week ago that this pair was still bullish on a lower time frame. Though at this point anybody can look at this chart and say it's super bullish, however, in my opinion, not only is it near key resistance level of 112.50, there's also a divergence on both MACD and RSI. In...
usdjpy could continue to the upside if we see a push past this monthly resistance. if it closes above the line, wait for a second retest, bullish engulfing candle close, and then enjoy the ride on the rocketship all the way to the moon.
Here we look at the USDJPY daily chart, and although it appears to have broken above the trendline, the RSI reading did not. The daily bullish candle could be an exhaustion bar, or it may not. Only time will tell. Happy Trading, folks! Cheers!
USD is seeing strength due to recent interest rake hike and 2 more planned hikes this year. JPY is seeing some weakness due to Trump's threats of Trade War. As today is over and tomorrow is the 4th, we may see a further downslide as reports have the USD being strong into the holiday. If Trump softens his stance, we may see some strength return to JPY. None of...
Here we look at USDJPY on the weekly chart and notice how we have broken below the trend line. The question now is where is USDJPY heading from here? On a lower timeframe there is still bullish momentum pushing USDJPY higher. If for some reason may get a squeeze higher it'll probably halt at 113.00 level; Otherwise, it's going deep south!
This pair has been in this descending channel for three years, with one major fall out in 2016, re-entering the highs of the channel Dec 2017, and we're now approaching the higher edge of the channel with either a move lower inside the developing Head and Shoulders pattern, after a move up to 110.5 - 111 or we break out of the channel, for a much bigger move to...
We have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder. If and it's always a...