China economic data: China is due to release its Q4 GDP data on January 17, 2024. Strong data could boost risk appetite and support the NZD. However, weak data could lead to further risk aversion and put downward pressure on the NZD/JPY. Sell NZDJPY Triangle Breakout NZD/JPY - M30 Chart - Price Breaks the pattern now. its good chance to sell now. Thank you.
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.900 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.900 support and resistance area. Trade safe, Joe.
AUDJPY - 24h expiry Reverse trend line support comes in at 97.00. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 97.25 will confirm the bullish momentum. The measured move target is 98.00. We look to Buy at 97.00 (stop at 96.60) Our...
EURJPY is responding to the resistance zone, having formed a pronounced bearish candle on the 15-minute chart. This sets up a favorable opportunity for profit through a short position.
#AUJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #AUDJPY. AUDJPY has done the change of character pattern in the HTF, also it take a bullish turn from the high probability order block. Here we can see that it is going up and following the bullish trend line. which confirm its...
As you all know, we don't mess around when it comes to swing trades. We've identified yet another massive swing opportunity for you! We are currently in a 5th wave, which is appearing as an ending diagonal. We are looking for one more move higher (5th wave of the diagonal) to complete the ending diagonal. It's important to note that this final wave can either...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 144.100 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 144.100 support and resistance area. Trade safe, Joe.
USD/JPY Dynamics: Fed Speculations, CPI Impact, and Bearish Signals The Japanese Yen (JPY) has marked a second consecutive day of gains against its American counterpart, recovering from a one-month low following the release of US consumer inflation figures. Despite a slightly hot headline US Consumer Price Index (CPI) and comments from Federal Reserve officials...
Buying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end...
GBP/JPY - Bullish Channel formation in M30 Chart UK - GDP, Industrial Production, Manufacturing Production and Trade Balance in Next 40 Mins Thank you
Looking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish...
The weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce. However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback...
Market has approached the 4H supply zone. Wait for the market to shift momentum in lower time frame, then go short. Happy Trading.
USDJPY has grabbed the inducement and now is standing at its supply zone. As the market is currently in the sell trend. We will take change for a short position. You can go short from here and hold your trade till the next demand zone. Happy Trading.
+ 1.) daily 3 pin formation on daily level 2.) daily support level (157.684) 3.) daily orderflow bullish 4.) 4h manipulation wick 5.) strong 4h divergence 6.) broke 4h trendline 7.) no 4h/30 min divergence against us - 1.) choppy price action on monthly/weekly timeframe 2.) no clear momentum on higher timeframes overall not the best price action but i think...
CHFJPY is technically bullish on its 1D timeframe (RSI = 60.353, MACD = 0.670, ADX = 36.092) but the picture is more efficiently depicted on the 1W chart where it has already completed three straight green weeks. The 1W RSI points to a multimonth rally comparable to those that started in May 2022 and March 2023. Both peaked at a little over +18.00%. This time...
USD/JPY Analysis: Bearish Momentum Persists Amid BoJ Policy Uncertainty The USD/JPY pair struggles to find upward momentum, remaining entrenched in a bearish trajectory after touching the 50% Fibonacci level from the previous swing high. As the market digests the aftermath of the New Year's Day earthquake in Japan and contemplates the Bank of Japan's (BoJ)...
#GBPJPY UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #GBPJPY. Traders, Anna is monitoring the Forex pair #GBPJPY. GBPJPY Breaks the trend line and go very smoothly toward upside until the mentioned resistance level. Here we had another opportunity to enter...