📌 @ridethepig G10 FX Market Commentary 18.12.2020
What was the point in BOJ meeting overnight? Finally extensions of the handouts coming from the Japanese base, and remarkably the 103.0x was rescued via lack of conviction from macro players to chase it lower. Buyers now can play the break, undoing their opponents work and imagine the test of 105 as being...
They recently sold off some underperforming assets, and will play an increasingly central role in COVID testing and vaccine in Japan.
- forming great trend reversal.
- FIBO retracement showing potential resistance/support for stock price.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please...
The US dollar has recovered higher against the Japanese yen currency back above the 103.00 level, following another short-lived drop towards the 102.70 area. Technical analysis shows that the USDJPY pair is still trapped inside a large falling wedge pattern. Traders that are bullish towards the pair will be encouraged if bulls continue to hold the price above the...
The CADJPY pair attempted to form some correctional bullish trades recently, while the stability of 81.05 resistance blocks the bullish attempts and reinforces the chances of renewing the negative attempts.
Note that it is important to gather the additional negative momentum to manage to crawl below 80.50 level and open the way to record the main negative targets...
5 step pattern describing the bubble formation of the Nikkei index in the 1990's.
Phase 1: Trending breakout of basing formation in a strong up-trending move
Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself).
Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly...
just follow with us on the JAPANESE YEN FUTURES- first chart ever :-)
news for today :
1.
Wall Street opens higher after Trump signs $900B aid package
Wall Street is opening higher after President Donald Trump signed a $900 billion economic aid package, helping to reduce uncertainty as governments re-impose travel and business curbs in response to a new...
GBPJPY has dropped to the trendline. Now it seems that the market wants to grow. Our target is 139,671. If the price falls below the trendline, then this idea is no longer valid.
Good luck!
In a recent conversation I had with a colleague, we discussed the resurgence of the Japanese currency. The strength of Japan, in the long-term rally, relies on its expansion of credit. This colludes with he fact of the already low rates for the country. Following from recent weeks, the sell off of corporate bonds for Japan is a striking message of growth towards...
Japanese market being forgotten for decades is now sitting at all-time highs with rising 200DMA. It's building a small consolidation above the old highs. A possible long entry for the long term, potentially for years, unless the breakout collapses.
📌 @ridethepig G10 FX Market Commentary - JPY for the Yearly Close
Of course, the breakout here can be bought after so much consolidation but it takes time. Buyers have no worries, since with a solid centre a loose Japanese fiscal and monetary policy is easy enough to map. Even more than that Kuroda and Suga are well seasoned, the logical link here is for USDJPY...
CADJPY has been growing for 9 days. From my point of view, the growth will continue until it reaches the top of the triangle or the resistance level. After reaching the landmarks, a downtrend will begin.
📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition.
Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of...
All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message
