USDJPY is trading in a strong bullish trend on a daily. Ahead, I see a solid horizontal resistance from where the market may initiate a correctional movement. Analyzing a price action on 4H time frame, I noticed that the pair started to slow down. The price is currently trading within a rising channel. To catch the initiation of a correctional movement, wait...
Pretty easy markup here on usdjpy we have seen a bearish setup last week which missed by a small amount and now we have a new POI to enter in on and head down lower with the order flow we saw at the end of last week. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to...
GBP/JPY has successfully broken out of its bearish range following the news events on Friday. As a result, we will now shift our focus to identifying bullish setups. Although the price action isn't optimal based on the close, we have a swing range that presents buying opportunities. However, it's important to note that there are some significant red-flag news...
Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 182.400 zone. GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 182.400 support and resistance zone. Trade safe, Joe.
Hello Fellow Forex Traders, Here is a technical analysis of AUDJPY! The recent price action of AUDJPY indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA90 line. Moreover, we can observe the formation of a falling wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an...
The USD/JPY forex pair is currently on fire, and the low volatility in this trading duo presents us with an incredible opportunity to maximize our profits. This is the perfect time to jump into the action and ride the wave of success! Why should you be thrilled about this news? Well, let me break it down for you: 1. Yen at a 7-Month Low: The Yen has reached...
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!
PA on this thang—CHFJPY—has broken the ATH. If you plan on catching the downtrend, the most conservative option left is: SSO @ 157.15 (8W) BLO @ 112.15 (7W) ⚠️ MORE INFO TO FOLLOW 🔑 ATH — ALL-TIME HIGH DT — DOWNTREND PA — PRICE ACTION
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 143.600 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 143.600 support and resistance zone. Trade safe, Joe.
Divergent monetary policies between the Fed and BOJ have allowed USD/JPY to extend its bullish trend on the daily chart. Whilst the Fed are very close to their terminal rate, they have to keep the threat of further hikes on the table to tame inflation expectations. When coupled with the ultra-easy policies of the BOJ, we've seen USD/JPY return to its cycle highs....
29/06/2023 - 30 Min TF After a long Bullish run, we can see on the 30Min & 1 Hour timeframes there has been a shift move in momentum in the last few days. The market has been highly bearish so we will be looking for sells in the market. The market has been highly bearish so we will be looking for sells in the market. Dispite the bullish momentum on the Weekly &...
NZDJPY - 24h expiry - We look to Sell at 88.25 (stop at 88.75) Broken out of the wedge to the downside. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 87.50 will confirm the bearish momentum. Short term RSI has turned negative. Our profit targets will be 87.05 and 86.85 Resistance: 88.00 / 88.25...
NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Further downside is expected although we prefer to sell into rallies close to...
after a very strong uptrend price has been pulling back in an downward channel. a break and close above resistance would likely see the trend continue upward.
GBPJPY hit today the top (HH line) of the Megaphone pattern that started on the May 24th 2021 High. Tha last time it did (April 18th 2022), the price got rejected back to the 0.618 Fibonacci level and the 1W MA50. Right now the 1W MA50 is already near the 0.618 Fibonacci and is headed towards the 0.5. With the 1W technicals vastly overbought (RSI = 75.716, MACD =...
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
Trading Setup: A Trading Signal is seen in the EURUSD Currency Pair. There is a Trading Signal to Sell in EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 109.16 ⭕️SL@ 109.71 🔵TP1@ 107.91 🔵TP2@ 107.01 🔵TP3@ 105.41 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving...