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. ------------------------- ---------------------- - - Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line:...
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 Good luck,,, 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...
The highly demanded GBP/JPY currency pair has continued to surge. However, it has not occurred in the previously drawn long term channel. Instead there have been various non-forecasted fluctuations. Although, such events are in general expected from this exchange rate. Due to that reason the Dukascopy research team has adjusted also the long term patterns. In...
The Australian Dollar is about to touch a dominant resistance line against the Japanese Yen. Most likely the move will result in a bounce off to the downside. If that scenario occurs, the latter risk management during the decline should be focused around three areas. First area is just below the 86.00 mark. At that level the weekly PP together with the 55 and...
The two top risk off currencies have reached a critical level on the daily chart one against another. The pair recently bounced off the lower trend line a dominant pattern and moved to the resistance of a junior channel down. The resistance is strengthened by various additional resistance levels near the 114.50 mark. Due to that reason a decline down in the...
The Pound continued to trade in the previously charted channel down pattern against the Japanese Yen until November 10. A rebound then broke the pattern before the rate declined down to the monthly S1 at the 148.15 mark. The rebound from this monthly pivot level revealed the existence of a lower trend line of a possible large scale channel down pattern....
After the recent development and breaking of various minor channel patterns the Pound has revealed a new direction and a new long term pattern against the Japanese Yen. In general, the most junior channel up patter was broken at the end of the last week. Meanwhile, a dominant descending channel was broken previously. The possible breaks could have been spotted...
The New Zealand Dollar just plummeted against the Japanese Yen. The fall, however, was stopped by the most dominant support, which Dukascopy analysts could discover on the pair’s charts. The support belongs to a massive scale ascending triangle pattern of the daily chart. Due to that reason a rebound is to be expected in a rather long term for forex traders. In...