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
The NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards. In fact this pattern resembles the March - June 2021 sequence that eventually broke...
The CADJPY pair has broken below the 1D MA50 (blue trend-line) on July 29 and has stayed below it since then, being unable to made a break-out and return to the bullish trend of the past year. The longer it fails to do so, the more selling accumulation we will see. In fact both in terms of RSI and MACD, this resembles the sequence of June - September 2021, where...
The CHFJPY pair has been trading within a Channel Down since the June 29 High being at the moment near its Lower Highs (top) trend-line. This is an ideal sell opportunity on a tight SL targeting the 1D MA100 (green trend-line), which has been the MA support since the October 08 2021 break-out. As a result only a closing below it, can justify further selling, in...
Hey traders, GBPJPY is trading within a wide horizontal trading range on 4H. Reaching its resistance, the price formed a double top formation. Its neckline breakout confirms a local bearish sentiment. I expect a bearish move to 161.41 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️