CADJPY broke and closed below a key daily structure support. The broken structure turned into a resistance now. I expect a bearish continuation to 103.0 / 101.8 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
USDJPY is slightly above the PCZ of a Bearish Butterfly and right at Monthly Candle Close Resistance with Bearish Divergence on both the MACD and RSI this will be the last line of defense for the JPY. Here below you can see the Monthly S/R zone:
EURJPY is trading within a falling channel on a daily. I am looking for shorting opportunities from its resistance line. My plan is the following: I will patiently wait for a test of the underlined red area, then, I will look for a breakout of a support line of a rising wedge pattern on 4h time frame. Once the candle closes below that, I will short expecting...
The complex correction stopped at the support area of 138.80, which resulted in a perfect buying structure represented by Elliott waves. The support area of 141.30 in the short term is an excellent buy area, especially since the correction wave did not overlap with the impulse wave. For a professional signals, contact me privately.
AUDJPY - Intraday - We look to Buy at 92.70 (stop at 92.15) Previous support located at 93.00. Previous resistance located at 94.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 94.00 will confirm the bullish momentum. Our profit targets will be...
Hey traders, Analyzing a daily chart on USDJPY, I noticed that the market is stuck within a narrow horizontal range. The price perfectly respects a key horizontal support & resistance. This week, look for a breakout trade. A bullish breakout of 140.4 - 140.8 (daily candle close above) will be a bullish signal, and will lead to a continuation to 143.0...
The trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest...
CAD FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Even though most recent jobs print offset all of the jobs that was lost in 2H22, the housing market still poses big risks for the Canadian economy. With a big increase in variable-rate mortgages after the pandemic, lots of consumers will be pressed on their disposable income after mortgages need to be reset...
Looks like Wyckoff formation to me on #USDJPY Waiting for sign of strength on USD bullish break out. Daily Fib target still remains at price 153.829 As long as Feds are hawkish we can still reach daily Fib target.
Private foreigners have purchased just over half a trillion - yes, Trillion - LT USTs in the past six months (sorry, no #brettonwoods3) Why such huge demand for safe, liquid US$ instruments? Not a whole lot of trust for the Fed's toolkit and use. © Jeff Snider What is the reaction to buying UST's? The yields come lower. Interest rates come lower. What does the...
Hey traders, On a yesterday's live stream, we discussed a shorting setup on CHFJPY: the price reached a horizontal key level on 4H and formed a head and shoulders pattern then. This morning, its neckline went broken. I believe that the pair will drop soon to 144.65 support. ❤️If you have any questions, please, ask me in the comment section. Please, support...
We are out, we need to sit back watch and wait. We were not too fascinated by the market movement but good thing we had exit points so earlier trades closed in profit others closed in loss. So the trade off was fair.
Update for GBPJPY. After a strong bearish wave, the market is correcting within a rising wedge pattern. To catch the next trend-following move, wait for a bearish breakout of its support. We need a 4h candle close below that to confirm the breakout. A bearish continuation will be expected to 164.55 / 163.75 levels then. Good luck! ❤️If you have any...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that USDJPY is overall bullish trading inside the rising broadening wedge in orange, and we are currently sitting around the lower orange trendline so we will be looking for buy setups. on H1: Right Chart USDJPY is...
we may get a break higher, but for me, this is a short-only trade. The USDJPY is looking like it wants to break higher, which is why I think the GBPJPY is pushing within this triangle, to the upside. But I don't want to get trapped long, if they reverse the pound.
Here is my latest structure analysis for USDJPY: Resistance 1: 140.37 - 142.47 area Resistance 2: 145.1 - 145.6 area Resistance 3: 148.3 - 148.9 area Resistance 4: 151.34 - 151.92 area Support 1: 137.48 - 138.0 area Support 2: 135.16 - 136.45 area Support 3: 130.38 - 131.75 area The price is currently stuck between Resistance 1 and Support 1. The future...
- Looking for CADJPY to retrace to 102.50 - Pivotwise a run from Monthly Pivot to Monthly S2 - Monthly S2 = 102.50 = 3rd Deviation of Wyckoff channel