Global growth slowing, markets are heading into bear market, EURO/US/UK all have their political sovereign problems, no place to hide.
Is it time to go long the JPY? JGB bonds yielding low returns provides stable returns in the current world of volatility.
To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic ...
JXY approaching support at 87.3
After that, there is 2 possibility idea on this pair.
Either it can break and go down for some day or start making new lower hight toward 89 before continue to down
Try look at weekly chart to get the bigger picture
The last few days will be crucial for the financial markets, in particular, the currency market, the bond market, and the stock market. Particularly with the large-step approach of the mid-term elections of the American president. Some believe that if Republicans manage to keep the House of Representatives and by increasingly establishing a majority, the prices ...
You have front of your eyes the evolution of the relationship between the currencies of risk appetite and the currencies of risk aversion since the exit of the financial crisis of 2008-2009 to today (at the dawn of a new market shaking). We find ourselves curiously in the same configurations and this seems to ripen quietly week after week.
Note: The markets are ...
- Weekly's timeframe has a reversal for Down.
- Daily's timeframe has a Symmetry's waves still valid.
- H1's timeframe is out the trendline.
Therefore, I predict JXY will down continue from the wave (6) to wave (7).
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