REITO is developing a primary level of correction after it reached a peak in primary wave 5. It is now developing a minor ABC pattern, currently at wave C up. The most probable targets are 1824 and 1976. If this setup persists it would mean 17 to 27% of gains in the next 10-15 days. If it crosses down 1380, it would invalidate this forecast. FOLLOW SKYLINEPRO TO...
We have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the...
FIRST TRUST AUSTRALIA "ETF" Comparison with (local and near) currencies (with left scale details is % change) on Indonesia and Philippines) The specific currencies used in this study are all from “neighbors” and other islands in the Australian area. AUDJPY: Japan AUDHKD: Hong Kong AUDNZD: New Zealand AUDSGD: Singapore AUDCNY: China AUDPHP: Philippines AUDIDR:...
Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
Hey everyone, as you can see on the chart, USDJPY is at a decent resistance, accompanied by 50 MA and the Gann fan. To me, this signals that we will soon see it bounce off either from our resistance area or the FIb Level, which I believe is more likely. (Also, just a disclaimer, I will try my best to keep you guys updated as if the uptrend is too hard we might...
Yen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in...
Japan Real Estate Office Co. is the owner of prime office buildings in Tokyo and seems to be beginning to trace minor wave 3 up of an intermediate wave C. Volume is confirming the move. If this is the case, prices should reach up to 794,000 a move to up to 25% which it the same size of wave (A). FOLLOW SKYLINEPRO TO GET UPDATES.
There is no strong signal to enter in the market yet. Just wait.
Aligned with the other two prime office REITs from Tokyo, Daiwa Office Investment Corp should be tracing minor wave 3 up, the volume confirms the move. If this is the case prices should reach up to 742,000 in minor wave C up, before it reverses to a longer downward move. FOLLOW SKYLINEPRO TO GET UPDATES.
Mori Hills REIT should be tracing a minute wave c up. However, there is a possibility that this juncture couls also be near the end of minor wave two. In the first case, prices should continue to go up, in the second case if prices reaches 141,100 we recommend you to get out of the position as this could sinalize the end of wave 2 and minor wave 3 will push prices...
Hi All, I am intently watching the AUDJPY pair as we continue to coil up in this symmetrical triangle. This triangle is forming after a nice bullish divergence on the 1hr timeframe. Keep an eye on this pair as we enter the final stages of what looks like a bullish continuation pattern.. However, Australia have just announced a $130B stimulus package for business...
Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt &...
I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend...
I think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout...
The bull is weighing against the bear at the moment on TVC:NI225 knowing how the global equity markets turning from red to green because recently market participants having higher risk appetites. Also, at this point, we know that YEN losing its strength against may other currencies and it's been a couple of days now so I think that should help the...
The Japan index has been in a super-cycle corrective pattern since the beginning of 1990 and it is currently finishing primary wave A of a possible triangle pattern . If the end of wave a is confirmed, prices will move up in a counter-trend path, before continue downwards in wave C.
Eur/Jpy is moving downwards to the target zone 98-108. It is going below the 108 level before it reverses and turns to bullish for over 150. I think it is going to stop at the green dashed line i have drown which is parallel to the red channel and inside the target zone 98-108 risk disclaimer This prediction is based on my personal trading strategy and...