The GBPJPY pair is approaching the Inner Higher Highs trend-line that is in effect for more than a year (since April 20 2022) on a similar Channel Up (green) like the ones of October 2022 and March - April 2022. The 1D RSI is almost overbought, and the 1D MA50 (blue trend-line) has been supporting since March 28. We are starting a sell sequence with the 1D MA200...
Instructions: 1) The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current...
Instructions: 1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current price...
This is my setup for E J, let's see if this support will hold, I've placed a buy limit order. Trade carefully! Remember: Take some profits if the trade is going as planned and move your SL to entry.
This is my setup for G J, trade carefully. Remember: Take some profits if the trade is going as planned and move your SL to entry.
Hey Traders, Check this trade analysis out on CADJPY. A possible bullish run can be look for at any area of breakout of the symmetrical triangle. Watch out.
currency pairs EURJPY At the moment, we can see a good entry point for this currency pair to open the trade up and buy. The entry point is $151.503, the stop loss point $151.200 can be good and we can see two targets to profit from this currency pair: $159.628 and $168.451 We have to wait for confirmation.
USDJPY currently has a score of +6, or a Strong Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theUSD has a long percentage of 66.95%, and we see that the JPY has a long percentage of 23.84%. This category receives a +2, as institutional traders favor the USD. Taking a look at USDJPY,...
Hey Traders, on above chart we have a breakout of 137.900 resistance area due to bullish USD data, currently we are keeping an eye for a potential retrace of the breakout before further bullish momentum, Trade safe, Joe.
The CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the...
🌟The USDJPY is in a Bullish phase by reaching a PRZ zone 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Pivot R1 weekly - Ascending Triangle ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for...
The US dollar (USD) has staged a comeback against the Pound Sterling (GBP) and Euro (EUR) over the past few weeks, but foreign exchange analysts at MUFG still consider that medium-term depreciation is the most likely outcome. The bank considers that the US Dollar exchange rates are overvalued, especially against the Japanese Yen (JPY) and net capital flows are...
EURJPY is approaching the top of the one year Channel Up pattern with the 1D time frame on strong bullish technicals (RSI = 63.669, MACD = 1.080, ADX = 24.666). Once the 1D RSI breaks the 70.000 overbought level again, it will be the most optimal sell entry on a seven month basis (previous one on October 21st 2022). It is already a strong sell opportunity and we...
- Ascending triangle; looking for breakout above resistance level 102.95 - In line with overall bullish trend - Strong rejection at support zones - Indicators showing potential for bullish movement
USDJPY CHART ANALYSIS POSTED ON SUNDAY 21 MAY 2023. Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Price is back above a level where we previously had bullish indications in confluence with the trend line. I expect price to continue to the upside and retest the previous market highs. Keep track of the move when price reaches the important levels labeled in black.
cette paire monte toujours une tendance haussière. elle vient de casser sa résistance.
Details on chart - look to play the overall HTF bias once price reaches PPL's