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Forex-usdjpy

US Dollar to Test Highs??The DXY has formed a double top at 99.40. We seem to be getting great support from 97.73, confirmed by green triangles on the KRI every time we test this level. We seem to be in a longer term sideways corrective phase with a lower bound at 97.73. We seem to be in the middle of the range right now, so it is important to see what we do from here. If the DXY is able to get a lift again it will likely test highs at 99.40. The price action is looking a bit weak, so we may test 97.73 again. If so, that would suggest we are forming a bear wedge pattern and perhaps portend lower prices perhaps at 97.32.
TVC:DXY
by quantguy
USDJPY – SPOT: Breaks Higher From Bullish Fakey SetupUSDJPY – SPOT: Breaks Higher From Bullish Fakey Setup + Long Tailed Bar  Price Action: There is no new price action signal to note at this time. Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the February 27th weekly newsletter). Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Fakey Setup + Long Tailed Bar Signal, whilst price remains above the 114.15 – 40 support area.
Long
by UnknownUnicorn393254
TS ❕ EURUSD: target is 1.12725The target for today for sellers will be the level of 1.12725. However, there is a possibility that this level will be rapidly broken down. SELL scenario: The current price is relevant for short. Will the price once again be able to approach the resistance 1.13570. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
5
The DXY Attempts to Reclaim the 96'sThe US dollar is meandering in the high 95's. After rejecting the 96 handle, we promptly saw support at 95.82, with a few attempts to break it immediately finding support just above 95.58, the next level down. Several green triangles on the KRI have confirmed support above this level. However, any attempt to break through to the 96's again is being met with resistance, confirmed by red triangles on the KRI. We will have resistance at 96.24 if we are able to break into the 96's again. If so, then 96.44 is a likely ceiling for now.
TVC:DXY
by quantguy
TS ❕ GOLD: recoveryThe metal still holds and after yesterday's rollback due to news from the US, growth is expected. The growth target will be the price area near the uptrend channel support line, which is approximately the level of 1840. BUY scenario: Long is relevant now from the level of 1827.950. Closing the price above this level will be a more conservative variant. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDLong
by UnknownUnicorn15614419
6
Will the US Dollar Recover??The US dollar made a run for lower levels, breaking through to the 95 handle. We appeared to be making a concerted effort to test lower levels in the 95 handle but found support at 95.82, the exact level we anticipated. A green triangle on the KRI has confirmed support here. We appear to be making a brief pivot back to the 96 handle, but are currently facing resistance at the first level at 96.24. If we are able to break this, then the next target is 96.44. After that, we will face resistance from several levels in the mid 96's. If we dump again, then 95.26 is the next target if 95.82 does not hold.
TVC:DXYLong
by quantguy
USDJPY: DOUBLE PROFIT UPDATEThis is a really trade, don't trust that every trade can make you 200pips. > 1 (yellow): Entry level > 2 (blue): panic level (omg i'm losing money) > wait, patience, don't close the trade just for 5 pips in loss, keep a little margin > 3 (green): you are in profit, it's your choise close or wait for a major gains > 4 (red): ok, sometimes you have to close at breakeven, can happen If you close after 2 days for a 40-50 pips profit, you didn't risk much. Point 2(blue) and 3(green) are the most important, have patience and don't be too greed Think about it.
by yellow_ag