CHFJPY CHART ANALYSIS POSTED ON SUNDAY 14 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.
GBPJPY got rejected on R1, making so far a Double Top with the October 31st 2022 High pausing a rally that has started at the beginning of the year. As the 1D technicals show (RSI = 62.785, MACD = 1.330, ADX = 28.382) the trend hasn't changed, technically it does only with a candle under the 1D MA200. But every such HH rejection always tests the 1D MA50. Based on...
Our trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Most likely it...
BOJ governor Kazuo Ueda is a scholar, so if the BOJ does conduct a review, he will probably be forced to recognize the impossibility of the BOJ’s current monetary policy. With the phase of rate hikes also coming to an end in the US, the dollar/yen pair’s topside will gradually grow heavier from here on.
Trade Idea: Selling GBPJPY Reasoning: Selling into short term downtrend resistance Entry Level: 170.22 Take Profit Level: 168.02 Stop Loss: 170.74 Risk/Reward: 4.2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
CADJPY is trading in a bullish trend on a daily. The price has formed an ascending triangle formation respecting 101.8 resistance. I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area. Daily candle close above will confirm a violation. A bullish continuation will be expected to 103.0 level then. ...
Dear followers, Today USD/JPY 's trading session will open with low-monemtum ,overall the price is in the uptrend . I opened Buy Stop Order at around 136.655 and the price will go through this point and reach to 137.256 , it wil create a new resistance H4 time frame.
CADJPY CHART ANALYSIS POSTED ON SUNDAY 14 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.
The USDJPY pair is inside an Ascending Triangle on the 1D timeframe, supported by the 1D MA50 and with the technicals bullish (RSI = 59.741, MACD = 0.520, ADX = 20.018). The price is approaching R1 (138.215) and as long as it remains below it (while also the 1D RSI gets rejected on the 70.000 overbought level) we sell and target the HL of the Triangle (TP =...
Japan: High expectations for Q1 GDP, with persistent inflation concerns Japan’s preliminary GDP for Q1 is due on Wednesday and will provide the latest insight into the health of the economy. Bloomberg consensus expects an improvement to 0.8% Q/Q annualized from 0.1% in Q4 when the economy narrowly avoided a recession. While a broader reopening of the economy in...
Japan: High expectations for Q1 GDP, with persistent inflation concerns Japan’s preliminary GDP for Q1 is due on Wednesday and will provide the latest insight into the health of the economy. Bloomberg consensus expects an improvement to 0.8% Q/Q annualized from 0.1% in Q4 when the economy narrowly avoided a recession. While a broader reopening of the economy in...
Today we say the break above the downtrend trendline, and this is after the uptrend trendline has been respected. HH and HL pattern validates an uptrend and we should continue the price journey north. A little pullback is healthy, and this is where we'll go for our long position.
We are currently at a level were price had a strong continuation to the upside after showing bullish indications. I expect price to retest the market highs. Look for the shown levels where price may struggle.
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 148.7 zone, EURJPY was trading in an uptrend and successfully managed to break it out, currently EURJPY is in a correction phase in which it is approaching the retrace area in which we will be watching a potential rejection from the resistance. Trade safe, Joe.
Price action analysis on USDJPY. Key levels. Swing long explained. Entry/stop/target given. ❤️Please, support this video with like and comment!❤️
AUDJPY - 24h expiry The downward trending resistance line at 91.30 should provide the ideal target and fade level as medium term bears build positions into the current strength. Previous support level of 90.50 broken. The trend of higher intraday lows has also been broken. Further downside is expected. Risk/Reward would be poor to call a sell from current...
EUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score. It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's...
Japan: High expectations for Q1 GDP, with persistent inflation concerns Japan’s preliminary GDP for Q1 is due on Wednesday and will provide the latest insight into the health of the economy. Bloomberg consensus expects an improvement to 0.8% Q/Q annualized from 0.1% in Q4 when the economy narrowly avoided a recession. While a broader reopening of the economy in...