The YEN pair shows rejection on the weekly support, and a clean morning star doji candle on the 4-Hour chart, We are expecting a retrace to the buy zone of 61.8 - 78.6 (which is in confluence with previous support). I will be looking for buy entries there....for a Strong Buy lasting til end of the year.
WHen looking at the FTM BTC chart starting off at the 4 hour like I normally do its building up with perfect percision. Its got the proper cross over, momentum, and as I lower the time frame the formation continues to grow the same forming a perfect coss over and cloud break formation. THen when checking the MACD, RSI, SAR, Williams Alligator, and its seperation...
107.900 level was attempted to be broken downward several times. Prices are around a strong support zone which contains the hypothetical low of the year (The real low is 104.830 due to the gigantic 400 pips fall of January 2nd followed by a massive reversal to the concerned zone). The odds of an upcoming bull run are average to low. Market has been ranging for a...
The EUR/JPY currency pair is likely to continue its upside swing.
Wait for a breakout and confirmation.
support level at 120.80
Target at 123.53 region.
Buy after breakout and a confirmation.
Good luck everyone!
I think we test the lower levels at $5300~ first.
If support at $5300 breaks, I would argue $4150~ which would give us a chance to fill the gap below. (small but note worthy!)
Breaking $8450 would null this chart and we might look to aim for $9000 - $10,300 before the bulls run out of steam.
I am in a short from $8120.
Cheers, stay safe out there.
Short term - short (but not in a position so just waiting),
Medium + LT term long.
Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value.
I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will...
While 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty).
Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the...
I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look.
Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily....
Another quiet week in the foreign exchange market is over. Traders and investors are getting used to calmness. Although each in such conditions behaves differently. Some optimize trading strategies for existing conditions. Others go to emerging markets where volatility is high. Accordingly, the carry trade is back in fashion.
You can use temporary imbalances in...
The US dollar has rallied significantly during the trading day on Thursday this week, reaching towards the ¥111.50 price level. Resistance range from this level goes all the way to the ¥112 meaning it will be very interesting to see whether or not the market can break out above that 50 pip range. If in fact it does, that could send this market significantly, at...
There's a bearish Harami on daily.
Education(HARAM): This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the...
While the Japanese yen had been trading on an upward short-term support line, last week it broke this line. Interestingly enough though, it found another level of support similar to the previous level of support, but just with a bit of a less steep slope. Clearly there is much evidence to suggest that the Japanese yen should be taking a nosedive. Compelling...