I'm foreseeing a complex movement between the monthly resistance and weekly support based on previous price action & my interpretation on Rate of Change indicator (ROC 14 periods). Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via...
Nice move occurring as predicted (see 'Related Ideas' for previous analysis). INSIDEMARKET traders got the proper trade plan to perform it with a chance to squeeze more pips with the *RUNNER. TRADE PLAN: *(special lot for trendy sentiment) Happy days! Happy 2016! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL....
USDJPY is still in a bullish trend despite the recent falls. It has built a weekly triangle which will complete itself with a progressive diminishment of volatility. I'm long and await a break of this triangle to reach the previous highs and even beyond reaching a final target of 128. Exceptional Risk reward ratio if you enter now.
- Strong Bear Trend Bar - Measured Move Target based on Last Big Bear Spike - Support Below (2 Pink Lines) should act as a magnet
Potential for a very big down move here on USDJPY through 2016. I don't see any USD strength in the coming year, even with the rate hike in December. I think Yen will be very strong during this year, with a risk off sentiment being very apparent IMO. Something else to note - Chinese equities look very precarious once again. This can lead to even lesser global...
A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
'B' wave may complete if price break the weekly support, triggering a 'C' wave - downward move - targeting yearly support. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype...
Looks like a strong downward trend could continue
I've explained on chart and will update.
This pair had been in an uptrend on the Weekly chart as you can see from the clear higher highs and higher lows we had been making since October 2014. I mentioned this pair in my recent youtube analysis www.youtube.com and how i was neutral given the recent Daily movement was hinting at bearish swings. We have now broken below our ascending trendline and driven...
I view this cross as the best way to express a short position on oil and Canada, while remaining neutral or short on the US equity market, and bearish on Japanese equities for the intermediate term. Canada and oil have a .78 correlation coefficient since the early 2000's. I believe oil will remain weak and will continue to put pressure on Canada's economy....
Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.
USD/JPY is start to look bearish IMO.. Next week candle will be a nice answer.. Sonic
This pair is now firmly Bullish both technically and fundamentally following the Fed rate hike and the current state of the Japanese economy. On the weekly timeframe we are in a clear uptrend and the daily showed signs of that continuing by making a new higher high recently. We retraced back to the 50% fib level and have now broken back above the key 121.80...
1)Trend line has held since October, 2) A break has now occurred and a retest of this trend line. 2) A further confluence is moving averages heading downwards Target Area 1- 180.017 Target Area 2 - 175.498 (If 180.017 holds as resistance after target 1 is cleared )
$USDJPY finally reached the final target zone of the bearish Gartley I've posted here previously. Both targets have been reached and now USDJPY is testing a strong support zone - The top of a daily trading range (see yellow boxes). Although Friday created a bearish signal by failing to climb above the 200 SMA line, it also generated an Outside Bar candle that...
Have been bearish on this pair for a while now with the Weekly Fibonacci play. We completed the move down to 130.00 recently, which i posted analysis about before hand, and that made a nice new lower low for us there. We then had a drive up as a result of some fundamentals with news from Draghi and the ECB before price action began showing signs of that buying...