• BOJ/FED clear and wide divergence comes in play again reflecting on the exchange rate which closed above 146 on Friday • There is a steep and intact ascending channel giving the bulls the upper hand currently • There is no significant resistance level until the yearly highs around 152 and the psychological level at 150
The Yen's struggle against the US Dollar persists this week, as the USDJPY settles above 143.00 and reaches a new high for the third consecutive day. After some sideways trading, traders are now resuming a bullish push aimed at reaching the recent high of 143.9000, followed by potential targets at 144.00 and 145.050. Last week, the Bank of Japan (BoJ) surprised...
Fundmental: Given the Bank of Japan's decision to maintain ultra-low interest rates while adopting a more flexible yield curve control policy, coupled with positive market reactions and the potential for policy normalization, there is a strong possibility that the JPY225 index will rise in the coming days. The move indicates confidence in Japan's economic...
NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Further downside is expected although we prefer to sell into rallies close to...
32700 high, exciting, it's now completing an Expanded Flat, 3-3-5. More upwards?!? Wave c should end at 161.8%, probably tomorrow in early cash hours. This idea is still long but I have no position as it's very closed to SQ!
Hello good morning & good day to all! There seems to be an error for these 2 Japan econ data when we chart on Trading View, Japan Tokyo CPI Ex Food And Energy (JPTCPIEFA) & Japan Tokyo Core CPI (JPTCCPI). Previously, these 2 data have been presented in index values but it seems that yesterday, their format has been changed to y/y % for the last 2 months but does...
As the world remains engrossed in the unfolding drama of the debt ceiling, we believe another event of significance deserves our attention. Let's take a brief detour into the annals of economic history, looking at the era of Abenomics. This term refers to the monetary policy instituted during Shinzo Abe's second term as Prime Minister of Japan. Abenomics rested...
Company: Fujitsu Limited Ticker: 6702.T Exchange: Tokyo Stock Exchange Sector: Technology Introduction: Hello and welcome to our technical analysis session! Today we are focusing on Fujitsu Limited as observed on the weekly chart on the Tokyo Stock Exchange. An intriguing symmetrical triangle formation has caught our attention, which may act as a bullish...
Company: ANA Holdings Inc. Ticker: 9202 Exchange: TSE Sector: Air Transport Introduction: Hello and welcome to today's technical analysis. We're turning our attention to the weekly chart of ANA Holdings Inc. (9202) on the TSE, which is demonstrating an exciting Rectangle pattern breakout that could signal a bullish reversal. Rectangle Pattern: The...
Company: Bridgestone Corporation Ticker: 5108 Exchange: TSE Sector: Automotive & Auto Parts Introduction: Greetings, and thank you for taking the time to read this analysis. Today, we are examining the weekly chart of Bridgestone Corp on the Tokyo Stock Exchange (TSE). Our focus is on a classical price pattern known as the inverted head and shoulders, which...
Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both...
HI welcome to Team Decrypters == > We Are Expecting A down ward move for CHF JPY --Double Top. --End of Elliot Wave cycle ( So expect Bearish Correction ). --ABC Corrective Move to Followed. --DATA Based Bearishness. --Divergences Along with Initial market structure Shift on HTF. MY OPINION :- JPY will be Stronger SOON RELATIVELY
CADJPY reached a key horizontal daily resistance this week. Analyzing the reaction of the price to that on intraday time frames, I spotted a head & shoulders pattern and a rising channel. The price manage to break both the neckline of h&s and a support line of the channel. It will most likely trigger a bearish continuation. Goals will be: 99.59 / 99.1 ...