Market finishing up ending of pullback era with one last bullish movement preparing for significant decline. Have to keep in mind USD/JPY atr range when trading usually goes way up there MACD shows bull market still just above 50/50 but under ma expect minor bullish patterns until drop is ready to be executed SYLYNTEXCHANGE.COM SITE UPDATED FOR WEEK OF 20-27 I...
always try to understand the fundamental side and then the technical and then play with the correlation
The JPY has taken a major beating following rate rise in major economies to curb inflation and the ultra easy monetary policy in Japan. Nevertheless, the Japanese Yen Index (JXY) seemed to have found a bottom at about 65.85 in October 2022. The has recovered some ground following the bottom in Oct 2022, and has successfully completed major wave 1 and formed a wave...
The Japanese Yen is currently experiencing a bullish market trend, as indicated by technical indicators such as a CHoCH and confirmation by 4 BMS. The currency is currently trading above key moving averages, and indicators such as RSI and MACD are showing consolidation in the bullish zone. Japan has a large and unique economy, known for its manufacture and export...
The JXY is showing bullish market flow, with the RSI consolidating above the 50 line, the CCI at the bottom of a down stroke, and price making new structure highs. The 20 and 50 DEMA are trending up with price. Volatility increased on Friday due to profit taking and the upcoming Lunar New Year holiday in Asia. Speculators are betting that the Bank of Japan, the...
As i am making a quick plan about the pair how to take a trade after new year i am happy to provide both scenario about the trading on 1hr timeframe. NFA
As per my anaylsis JPY has been on oversold on RSI and now making a good reversal strong and bullish from last two months but on a month time frame Dec is the month of green candles and red candles on 15 year charts. Please there is an very strong Resistance on 80.42 if its did not break it then jpy chart lools ugly. Because it is also creating a Inverse...
Bullish Indication. Bulliish trend intact. Price value in between 1hour resistance zone Bullish parallel channel intact JXY seasonaly moderately bullish Trade plan to Buy / Long position Entry point above the support / resistance zone @ 75.75 Stop Loss below the support / resistance zone @ 75.15 Take profit below the support / resistance level @ 77.25 Bearish...
It's no wonder why JXY bounced at $67, the .618 fib is a powerful level - look like an Elliott A-B-C ZigZag. Expect continued bullishness toward $75.5
Must wait for a breakout or confirmation before trading any jpy pairs
I wonder how market randomness can be explained with such precision! the chart shows how yen index precisely jumped at trend line touch. This surged the pair USDJPY for more than 600 pips in two hours! The bank of Japan declined to comment bout any intervention!
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Both the Nikkei and the S&P have moved in the same direction along w the yen and the dollar. However recently the Dollar has appreciated dramatically while the Yen has depreciated dramatically. It therefore presents an arbitrage opportunity. The US dollar will eventually come back down and stabilize along w the yen rebounding. The problem i'm running into is how...
JPX still has to retake 72 for it to be showing signs of the big butterfly reversal being in play. Here's a few shorter-term signals that help to define the area in which to bet most aggressively on the low and place tight stops. Once there's a pullback a low should stop before the 220 fib. As we got close to this 220 fib was where I scaled up my long Yen...
JPY is in a monthly downtrend. In order for the downtrend to continue, a new monthly correction trend line must be drawn for it to continue. If a correction occurs, the monthly correction is more likely, and the blue support line is more likely to be tested. If it settles above the blue line, the monthly downtrend will stop and the chance that the uptrend will...
Adding more to my JPY long position. It's already my biggest position and scaling it up more. The index has now completed a big butterfly pattern. With the classic capitulation in the D leg, news driven. When the butterfly reversal works, we now begin to uptrend. Often also news driven. Short GBPJPY, NZDJPY, AUDJPY and EURJPY.