Long-term consolidation is broken up. It makes sense to consider the possibility of opening a long position with a target in the area of long-term resistance level of 118.66. The situation with the Nikkei index was not in favor of a long position in the yen. Correlation of the index and the yen is still preserved. But if the dollar strengthens against all major...
See chartwatchers www.tradingview.com ideas on gold. I went short on a JPYUSD future and short on an XAUUSD future last night. A rising DXY drives this.
DXY has had a big decline. If this upward turn continues, it all affect gold, multiple currencies, and other commodities. I went long UUP in my 401k Friday, June 29,2017. I went long on the DXY future last night.
' Japan is seeing some strength within their markets. I believe confirmation came after Prime Minister Shnizo Abe' and President Trumps meeting in Mar-A-Lago. Coincidence?... maybe.. maybe not. I believe the talks of strengthening Japans dominance in Eastern Asia along with the United States withdrawal from the TPP supplemented this move quite nicely. I love...
NZD/USD breaking trendline in H1 & USD/JPY is going up Entry at 0.7229 T1 - 0.7182 T2 - 0.7049 T3 - 0.6958
NZD is playing in between wedge & it will break the trendline so i'll be on sell side because, 1. USD is getting stronger atleast for 1 or 2 week because of Fed rate hike. 2. NZD GDP q/q data come less then forecast. 3. So you can also go for buy JPY because it will also going to break it's falling wedge 4. You can go for Sell NZD/USD & Buy JPY/USD. Target is ...
If the second extremum of the upward support level is formed, then a medium-term consolidation is possible.
Hey Guys, The pair is Inside the corrective structure & a short term upside move is possible I will be updating this pair on the smaller time frame so that you guys can see that it is forming a trend continuation pattern which is the ABC corrective structure & that move will complete its corrective structure & we may see a strong impulse wave to the downside.Very...
lsymbol="FX_IDC:JPYUSD"]FX_IDC:JPYUSD Potential long setup on the 4hr: - reversal candle forming - short term trend line support - supply zone turned demand zone retest - Fibonacci cluster zone (retracement, projection) - low volume node support 3:1 reward risk trade FX_IDC:JPYUSD
The Nikkei index broke up the long-term resistance level. In such conditions, the yen may consolidate and break through.
AUDUSD ADX: Signaled price consolidation starting week of 3/27/2017 DMI: The week of 01/09/2017 a buy trigger was set at .7493. For the next 15 weeks, this line held price. However, on 04/03/2017 a sell trigger was set at .7501. Although price has closed below this line since then, it has still been held in check bu a non-trending ADX below 20. TRIX: Below...
The central banks essentially have unlimited power to prop up the stock and bond markets. In the past, Stanley Druckenmiller found that the loss of liquidity caused stock market crashes. The central banks learned from this and just keep injecting more liquidity to prop up the markets in the face of insurmountable debt loads. The Bank of Japan buys both bonds...
A possible scenario in USDJPY for the following weeks
A potential long opportunity forming on the daily chart for the JPY/USD forex pair. As is shown on the chart, price is finding some significant support with: - new year (2017!) trend line support - Fibonacci cluster zone (fib retracement 70.7%, fib projection 238.2, fib extension 127.2 ) -back-to-back daily reversal candlesticks (doji/reverse hammer) all in the...