This pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off). Here is the Daily for more precise timing.
concerning this market will experience a downward trend under the VWAP with a very important volume towards the TP because the sellers will return to the market signal sell
AUD/JPY: +200 pips This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily...
Japanese pairs seem to be quite bullish now, UJ failed to rise last week despite strong breakout on DXY I'm anticipating a huge drop in the long term to around 104 especially with the SHS formation Entry level - 110.3 TP1 - 108 TP2 - 104 SL - 110.7
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
Hi everyone So currently I entered in this trade long. -stop los and tp is shown -my entry is shown I entered bc: - hit fib projection - hit pitchfork line twice ( outside line twice) - higher close 15min lets see what happens from here Kris www.mymentortv.com
Trading at 111.990. Hovering between 112.200 and 111.900. A close above either of these levels will be an ideal signal as to where we could be heading over the week beginning 25.09.17. A close below 111.960 will mean a retracement towards 50.0 Fib Level (111.00) A close above 111.200 will see buyers target 112.600 - 112.800. Major resistance coming in at...
We took a short on USDJPY before NFP on friday in our trading room, however I think the NFP move is not a good indicator of the bigger picture. This is a swing trade.
Several Yen pairs have formed inside bars which may suggest a reversal of the trend. However, some are already on the decline like my previous trade analysis: EURJPY. With the 200sma few pips ahead, another ascending trend line for the pair is on play. What's more wonderful is that the trend line and the 200sma are overlapping which may suggest that this pair...
Hello Traders, At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective. Technically the yen looks poised for further gains since closing below the previous month's lows. I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to...
Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
The prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The...
Long to 103.524 like the first target, we could have surprises from BOJ soon, but like maximum time limit, between september 7th and 9th should get the target, and second one before december 107.100
Break and retest of monthly trendline, It is now at the 50% retracement to go long. If it is in a correction, it could go up to a "B" before shorting down to a "C" leg
It’s Saturday night here is Melbourne, Australia… The house is quiet, the kids and wife are asleep and I’ve just finished watching the Big Short (9/10 – Highly recommended). Now is the perfect time to analyze the charts. We have another huge week coming up, and while the focus will be on David Cameron and his mates (GBP trades), let’s not forget that USD and JPY...
Chart compares history of Yen vs DJIA. As you can see, Yen is near a 30 year ascending primary support line. Chart also shows that after periods where US markets increase and Yen decrease to a point of historical support, thereafter you have U.S. Markets consolidation or peak. Here also are horizontal lines of support / resistance. Right now would be a...