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The US Dollar found support against the Japanese Yen on Tuesday morning. Namely, the lower trend line of a medium term channel up pattern provided the needed support to stop the recent short lived decline.
Moreover, during the morning hours the currency rate passed the 55-hour simple moving average’s resistance at 111.20. The SMA began to provide support shortly ...
There are almost no changes on the USD/JPY currency exchange rate’s hourly chart. Namely, the pair has traded sideways while being supported by the 55-hour SMA and being restricted from surging by the 100-hour SMA.
However, note that the 100-hour simple moving average was pierced on early morning of Friday’s trading session.
In general, the rate is set to ...
After booking a new high level against the Japanese Yen, the US Dollar retreated during the early hours of Monday’s trading session. However, by the middle of the day the currency exchange rate had stopped the decline.
Namely, the decline was stopped by the support of the 55-hour simple moving average near the 110.60 mark.
Moreover, the currency exchange rate ...
USDJPY is about to start a downride on daily as you see. It reached the fib arc and repeats the bearish reversal patterns from the past waves. Follow the price to complete that bearish pattern it copies from the past and once it hits the fibonacci arc, we go for a down slide. Then watch for reactions or pullbacks at Gann angles. Every Gann angle line acts as ...
Although it is an Ethernet that looks like bitcoin for a long time,
What is clearly different from other virtual currencies is that it will not quite stop at double zero.
However YPP is functioning to a certain extent and there are signs that it repeled in the vicinity several times.
It got closer, but is there a resistance of YPP this time?
1) Function as ...
usdchf was gradually lowered from double-zero 1.0000 to YPP 0.98340 in May,
It's trying to get back to the original level unnoticed.
If it is supported by MPP 0.99139, long materials up to double-zero 1.00000 can be tested.
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: ...
break of wedge move to upper line of larger triangle. short XXXJPY pairs
index japanese YEN
The SGD/JPY exchange rate is moving in an eight month descending channel. The pair tested its bottom boundary near 79.60 late in March prior to reversing its sentiment and reaching the other boundary last week. Strong upside risks prevailed in the market on May, thus sending the pair 1.5% lower within a couple of hours.
As a result of this plunge, the Singapore ...
GBP/JPY Dips to 145.250 - Challenging Double Bottom Level
The common European currency passed the long term support against the Japanese Yen almost as soon, as such a move was speculated on Friday. Since then the rate has fluctuated even above the previous support and made two attempts to surge.
However, it failed and instead revealed that there is a clearly spottable descending channel pattern. The pattern was set to ...
The recently discovered now dominant channel up pattern on the EUR/JPY currency pair’s charts has been once more confirmed. Moreover, the expected decline of Tuesday occurred exactly as forecast by our analysts.
However, let us concentrate on the future. The currency pair has surged after the confirmation of the dominant channel’s support and broken the ...
The Swiss Franc is a safe haven currency, where funds flock to, if there is an increase in risk in the markets. The Japanese Yen also is a safe haven currency. However, if one puts them one against another, one can not just speculate technically, but also avoid some of the fluctuations to and from risky and conservative assets.
Regarding the technical picture, ...
As shown EUR/JPY moved in a downtrend since beginning of February, till it could break it up at 26 March
But it's hit the historical resistance
YUPPY try the resistance again but we expect it won't break it this time too and will back to 131.00
If YUPPY rise and break the resistance we expect it will reach 132.10
Thank you ...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Ok, so this week I managed to make all the trading mistakes in the book. Took huge losses but somehow that fuels me up to make bigger gains and get back ...
Due to the fluctuations caused by Jerome Powell's testimony on Tuesday, which broke all previous junior and medium scale patterns, a broader look at the USD/JPY currency exchange rate is done.
In general, the pair has revealed a long term channel up pattern in the borders of the long ago spotted dominant descending channel. In addition, there is another notable ...
There have been minor developments in the situation on the EUR/JPY hourly chart. By the middle of Monday’s trading session the currency exchange rate had extended the surge, which began last week.
However, one development has taken place. If one compares the now observable channel up pattern, it can be noticed that it is different. There have been minor ...