NZDJPY broke and closed above a key daily structure resistance. Taking into consideration that the market is currently rallying, such a violation may trigger one more bullish wave. I anticipate a bullish continuation to 89.4 ❤️Please, support my work with like, thank you!❤️
Introduction: In the ever-evolving world of currency trading, it's crucial for traders to stay informed about potential interventions by central banks. The recent Federal Reserve meeting has sparked speculation about the Bank of Japan's (BOJ) next move regarding the yen. This article aims to examine the likelihood of BOJ intervention and provide a cautious...
NZDJPY is trading inside a Channel Down with the price rising after a bottom check in the past 20 days. The 1D technical outlook is neutral (RSI = 53.482, MACD = -0.002, ADX = 31.647) meaning that if this is a bullish reversal inside the Channel, there is still time to enter. The trigger signal will be a cross over the 1D MA50, that will be our entry and our exit...
CHFJPY formed an important high momentum bearish candle last week. With one single candle, the pair violated a lower boundary of a horizontal range, and the market also closed below a major rising trend line. It makes me think that the pair may go lower. Goals: 162.42 / 160.8 ❤️Please, support my work with like, thank you!❤️
This inverse Head and shoulders has produced fantastic gains already What suggests that final target will be met is that Yen vs other crosses is still yet trigger their respective necklines! I assume more madness to come from the #BOJ in the next Financial Panic. Like the Bank of England another Island nation probably first to embark on a new wave of...
It has been a month exactly since we made this break-out signal on the NZDJPY pair: The price has made a successful rebound at the bottom (Higher Lows trend-line) of the Bullish Megaphone pattern. As mentioned our buy break-out signal was when the pair closed a 1D candle above the Lower Highs trend-line. That coincided with a closing above the 1D MA50 (blue...
The Japanese yen has taken a tumble after the Bank of Japan's decision to hold interest rates steady. Meanwhile, the perfect trading scenario has emerged with the US dollar/DXY. It's time to capitalize on this golden opportunity and make some profitable moves! So, fasten your seatbelts and get ready to ride the wave of success. The Bank of Japan's Impact: The...
The GBPJPY pair crossed under the MA50 (1d) again and is approaching the MA100 (1d). We have a Rising Resistance peak pattern, which is very much like that of May 2021. In fact the whole fractal since its begining (2021) is very similar to today's (since 2023). This most likely turns the pair bearish inside a Megaphone for the remainder of the year. Trading...
The USDJPY pair is trading inside a Channel Up since the January 16th market bottom. The last Higher Low wasn't only supported at the bottom of the Channel but also the MA100 (1d) and Fibonacci 0.618 level. This is what happened on the August 2nd 2022 Low, when the pair was again trading inside a long term Channel Up. Trading Plan: 1. Buy on the current market...
The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting. The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and...
✅CHF_JPY broke the key Horizontal level of 164.37 So we are now bearish biased So I think that we will see A local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
NZDJPY reached a key daily horizontal support. The price nicely respected that and formed a double bottom pattern on an hourly time frame. I anticipate a pullback from the underlined area at least to 0.88 ❤️Please, support my work with like, thank you!❤️
Hello Traders! On The Daily Time Frame, The USDJPY Broke a Strong Resistance Level (145.100-143.956) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 148.350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows...
AUD/JPY currency pair is trading at around the marked levels. Please read the analysis on the chart, as well as the explanations in the comments. Thank you. Technical Analysis: On the 30-minute chart, the AUD/JPY currency pair is trading in a bullish trend. The price is above the 50-period and 200-period simple moving averages. The MACD indicator is also...
The AUDJPY pair has turned the 1D MA50 (blue trend-line) into Support since last week's bullish break-out signal above the Lower Highs trend-line. That is a major bullish continuation call following the bottom on the 3-month Higher Lows Zone on March 27. The dashed Higher Lows has been supporting this uptrend and this seems to be the new bullish leg. The previous...
Hello,Traders! AUD-JPY is about to hit A supply area of around 95.8 Which makes me locally Bearish biased and I think That we will see a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...