NIK225 - 24h expiry
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Previous resistance located at 40008.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We...
Supported by their strong profit forecast, we are starting to see investors building up position in Heartcore Enterprise Inc. (NASDAQ: HTCR) despite huge profit taking activity was seen in last Friday. Nevertheless, HTCR's share price was strongly supported around its current level, with the expectation to hold around $0.750 for the remaining of the week.
We...
GBPJPY H4
For those that watched the market analysis and live charting video, you would have seen us discuss GBPJPY and the 195 psychological price/sell zone. We have since seen this zone tested and subsequently rejected. How much mileage this setup has... I don't know, but if we can break 194.500, we should see a send lower.
A break and candle close around or...
This is the wedge view for Jasmy based on 100 day and 50 day past moving averages trajectory leading up to Nov 1st 2024. The range anyway. This does not mean the price is subject to necessary stay within the boundaries of the purple lines drawn as much as the projected outcome for the price in a variable sense according to today from the indicator I use....
The US Dollar Index (DXY) continues its upward momentum as Treasury yields recover from recent losses, bolstering the Greenback’s strength. However, this rally may soon face headwinds, with growing market expectations of additional rate cuts by the US Federal Reserve (Fed) in 2024.
Traders are now focusing on the upcoming US Flash Manufacturing PMI, which is due...
Market Update - October 4th 2024
Takeaways
Bitcoin fell following the news of Iran’s retaliation on Israel, and the election of Japan’s new prime minister: The decline comes after a recent rally spurred by the Federal Reserve's rate cut.
Net inflows into global crypto funds reached $1.2 billion last week, marking their largest increase in 10 weeks: ...
The US Dollar Index (DXY) has risen sharply, nearing the 101.00 level, in response to recent comments made by Federal Reserve Chair Jerome Powell. Powell’s remarks signaled that while the Fed remains cautious about future rate cuts, any adjustments would be gradual, contributing to the strengthening of the US Dollar. This move has had ripple effects across...
JAPAN is the last one to join the party! The final fight for the #BlowoffTop.
Why is this so important? If you look at correlations with BTC, global liquidity, China, the Fed’s interest rates, and more, Japan plays a key role. After China, Japan is the next to wake up and give the final push to this Bull Market.
The last time the Nikkei dropped more than 25%...
In this video I read the tape and frame a trade using ICT Concepts.
The trade is based off of a +BB 7h. First target is the ERL, second target is a discretionary Premium Array high. I believe I could target a decent amount higher than this, but I prefer the very high-probability targets based on my setups.
Thanks for watching. You may have to skip some parts...
This is a short trade idea on the USDJPY pair.
Recently, we traded into a 4M and 11M BISI, had a nice reaction to a Premium Array, now we had a breakdown again. Because of the Japanese Central Bank's decision to increase interest rates, I am expecting price to take a further nose dive. I have 2 targets based on my profit-taking criteria. 1st is the swing low as...
The Nikkei-225 is trading near 40,000 once more. The sharp decline in early August due to the BoJ rate hike has been swiftly reversed. The outlook for the Nikkei remains bullish with continued investor interest driven by market reforms as well as foreign investor interest.
With the BoJ currently on pause and signalling no urgency to raise rates further, the...
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A Global Reach with Strong Foundations...
USDJPY Analysis: Potential Bullish Bias for the Upcoming Week (Sept 23-29, 2024)
As we look ahead to the coming week, USDJPY appears poised for a potential slightly bullish bias. This outlook is based on a confluence of fundamental factors and current market conditions that favor USD strength relative to the Japanese yen. Below is a breakdown of key drivers...
USD/JPY Forecast: Bullish Bias Expected – Key Factors to Watch (20/09/2024)
As we analyze the USD/JPY pair on 20/09/2024, the outlook appears to be slightly bullish for this week and next. Several key drivers are pushing the U.S. dollar higher against the Japanese yen, creating an attractive opportunity for traders. In this article, we’ll break down the...
JPY futures have fallen below the 0.007134 level, driven by rising speculation of significant interest rate cuts from the Federal Reserve. As market participants brace for potential monetary easing, the U.S. dollar has faced increased pressure, leading to weakness across several pairs, including JPY. Investors expect the Fed to reduce interest rates by up to 100...
The Japanese yen has tested prices below 141, an eight-month low for the pair. But eventually pulled back above 142. From a technical perspective, this long wick might look to some traders to be the start of a small reversal before its eventual sojourn lower.
Rom a fundamental perspective, US Consumer Price Index (CPI) came in a few hours ago lower than...
On Tuesday, the yen gained support as Bank of Japan Governor Kazuo Ueda maintained a hawkish stance, indicating the central bank might raise rates further if the economy meets expectations. Ueda’s comments were part of a document presented to a government panel led by outgoing Prime Minister Fumio Kishida, where he detailed the BOJ’s July policy decision. His...
Arif Husain, the head of fixed income at T. Rowe, is cautioning that volatility threatens the Japanese yen. Husain suggests that the yen carry trade has been unfairly blamed for what may actually be the onset of a larger, more complex trend. The Bank of Japan’s monetary tightening and its broader impact on global capital flows are intricate issues. A significant...
