As I said before, the Australian Dollar/Japanese Yen started to fall from the top of the ascending channel with Shooting 💫Star💫 Candlestick Pattern and finally managed to break the bottom line of the ascending channel. As a result, the Australian Dollar/Japanese Yen's expectation of my green color decreases. 🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY )...
The GBPJPY pair has turned its trading pattern into a Triangle since the June 09 High, with the Lower Highs trend-line as the Resistance and the Symmetrical 160.00 - 159.400 Zone as the Support. Practically it has been neutral within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) since July 29, offering an excellent medium-term scalping...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI at 8.5%, the Fed is under pressure to continue hiking rates and ramping up QT in September to try and tame price pressures. They hiked rates by 75bsp in July, and odds between a 50bsp and 75bsp in September are too close to call. At the Jackson Hole Symposium they took a further hawkish shift by...
GBPJPY is in a 28-day side zone; I don't think selling is attractive at the current points, so I'll wait until it approaches the ceiling of the side zone. be profitable🤑
Simple and comfortable position We have a side area in which the AUDGPY currency pair is moving, so considering that the price is moving at the ceiling of this side, we can hope for a fall. be profitable🤑
The USDJPY pair has been on a very aggressive (turned into parabolic) rise since the 2021 Low. It has been above the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) for the whole year. In the past 30 days it broke below the 1D MA50 (red trend-line) but recovered all the losses quickly and is testing the July High. On this 1W time-frame, the RSI has...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI at 8.5%, the Fed is under pressure to continue hiking rates and ramping up QT in September to try and tame price pressures. They hiked rates by 75bsp in July, and odds between a 50bsp and 75bsp in September are too close to call. At the Jackson Hole Symposium they took a further hawkish shift by...
After a good correction, it still holds its downtrend and this could present us with a good R/R trade. be profitable🤑
EURJPY continues its downward trend. It may fluctuate with some news such as cash rates, but for now, the trend is downward. be profitable🤑
Watch for sell signals below 137.981. Watch for buy signals above 137.981.
Hey traders, USDJPY is trading around a very peculiar zone: we see a perfect confluence between a horizontal structure resistance, a recently broke rising trend line and a completion point of a harmonic ABCD pattern. Moreover, analyzing 1H time frame, I spotted a double top formation with a confirmed neckline breakout. I expect a bearish move at least to...
The uptrend has been broken exactly on August 2 and this last upward trend is considered a good correction towards the continuation of the new (downward) trend. So make the best use of the current entry points😍 🛑143.35 is a suitable number for stop loss; So enter with observance to capital management and risk management.
Trading Setup: There is a Trading Signal to Sell in USDJPY Currency Pair. Traders can open their Sell Trades NOW Rank : ⭐️⭐️ ⬇️ Sell now or Sell on 137.52 ⭕️SL @ 138.32 🔵TP1 @ 136.01 🔵TP2 @ 134.46 🔵TP3 @ 131.01 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
Beginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a clear direction in the pair. Now the choppiness may be clearing. The USD/JPY recovered some ground last week,...
Traders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never...
Price above MAs on multiple key timeframes. Structure is overall bullish across most timeframes especially the smaller ones. Stochs for h2 and under align, weekly and daily in the right direction (h4 with the counter stoch) Divergence on M15 timeframe. Total RRR: 3.81
Breaking down and landing well with breaking the strong support area and trading underneath and through this simplified technical analysis we note that it will continue to fall to the lowest areas of very strong demand