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...
Japan has been in a channel since the end of 2016, after the break of a wedge formation on the 12/03/17 coupled with a SAR swap and a fall outside the Keltner further bearish movement has been expected. This was tested on the 11/04/17 as the Nikkei convincingly closed outside of the channel. Today we have had confirmation of that break out.
Breakdown of long-term consolidation down can lead to the development of a long-term downtrend. The development of the downward trend on the index will stimulate the development of the downward trend of the yen.
Hi guys, this is my analytical day for USD JPY ***** SL and Tp Explained in the analysis If you like the analysis, enter your deal and if you do not like it, go away from it
Breakout for the Yen. Looks like we'll strengthen at least to the 200dma at 0.9280. Stop below 0.8950.
Short - term momentum is bearish - Strategy: Below 113.70, a new short will be triggered with target at 111.30 You can follow me at: www.wallstreetimes.com
potential bullish cypher, market is sorta in a consolidated cycle, where harmonics tend to work more accurately, lets see how this trade goes, my target would be 113.92 or 114.74
Strong price action.
USD continues to regress from it's heights. At night(NY time) There is a wall of selling as demonstrated in past ideas. Took half of my profits and waiting for some more to hit.
This is my theoretical pattern on a daily time frame we could potentially see in the next month or so play out. I believe this recent move was corrective in nature and we should see some kind of move up over in the next month or so. If you go back to my previous short trade in this pair, you will see I have made plenty of profits to at least put a little bit of...