S&P500 futures have recorded slight losses before the market opens as investors are being cautious about the upcoming speech by Federal Reserve (Fed) chair Jerome Powell at the European Central Bank (ECB) forum of Central Banking. Investor sentiment has become more risk-averse as they hope that Powell will continue to express a cautious stance. The US Dollar...
Here is my analysis for USDJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
During the Asian session on Wednesday, the USD/JPY pair faced selling pressure, causing a partial erosion of the previous day's gains that had exceeded the 144.00 level, reaching a new high since November 2022. The spot price is currently trading around 143.80, down nearly 0.20% for the day, although any significant downward adjustments still seem...
Even if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter. Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control. On the other hand, an eight-week-old...
The reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail: 1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future...
USD-JPY broke out of the Bullish wedge pattern While trading in an Uptrend so I think That we will see Further growth!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
As I am saying since last two months that JPY is not strong enough and it will remain in bearish mode and now, we can see the currencies again JPY are going straight up, and I think it will remain up (Pairs)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the...
The hurdle for raising rates this month is higher, implying fresh US Dollar falls The Consumer Price Index (CPI) report is the final significant piece of information before the bank's decision. However, it's doubtful that it will alter the current situation. The bank's inclination to take a break, as indicated by May's Nonfarm Payrolls and echoed by Fed Chair...
In Asia, S&P500 futures have surged, indicating an increase in the market participants' risk appetite. Market sentiment is optimistic as the Federal Reserve's interest rate decision is likely to result in a neutral policy stance. The US Dollar Index (DXY) has shown a slight correction around 103.60 after a decent rally. The USD Index is expected to perform...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend. The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...
I will wait for more confirmation on usd-jpy. On 1h TF we have a HH with HL , and LH with LH with an UP TREND. These are the keylevels that im watching for an entry.
Here is my view for USDJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.