in uptrend since long time now showing some bearish signs recently formed ascending channel breakout and retest has already confirmed expecting massive bearish rally in coming days expecting 350 to 400 pips bearish rally
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...
Price has been consolidating but has now formed structure within the range that could possibly push price outside the range to the upside to possibly retest a higher time frame supply before further expanding down since higher time frame bias is bearish at least for the short term.
GBP/JPY Faces Diverging Central Bank Views and UK Data Introduction The GBP/JPY pair continues its upward trajectory during the Asian session on Wednesday, hovering around the 184.00 level. As the pair extends its gains, it faces a confluence of factors, including diverging central bank views and upcoming UK data releases, which could impact its direction in...
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!❤️
EURJPY - 24h expiry Buying pressure from 157.37 resulted in prices rejecting the dip. A Doji style candle has been posted from the base. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further...
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...
Sell CADJPY Channel Breakout Price breaks the Channel Pattern now, its good chance to sell Now, Thank you
Price action analysis for USDJPY. Important key levels. Potential scenarios ahead of FOMC. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
AUDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. The RSI is trending higher. A move through 95.75 will confirm the bullish...
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...
My first analysis about the JXY. It will be done periodically from now on to keep a fresh perspective over one of the most important currencies in the world. The Japanese Currency Index (JXY) is a stock market index that measures the performance of the Japanese yen against a basket of six other major currencies: the US dollar, the euro, the British pound, the...
Today's focus: USDJPY Pattern – Ascending Triangle Pattern Support – 146.50 - 144.75 Resistance – 147.92 Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USDSJPY continues to be locked up in a bullish continuation...
I'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and...
The asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a...
The EURYEN demonstrated commendable adherence to our established trading range throughout the previous week. In the upcoming week, our primary focus will be on the potential for an upward rally, as denoted by the directional arrow, where a formidable resistance level resides. In the event that the price maintains its position below this resistance threshold, we...