Get started

Forex-usdjpy

USDJPY | MY PERSPECTIVE FOR THE WEEKWith 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback appreciate last week. Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) | Supply & Demand Observation: i. The Bullish run since the beginning of the month appears to be stalling at my Supply zone as those who took advantage of the run are doing quick sells. ii. Confirmation of a Harmonic move (AB = CD) might be a result of a rejection of my Key Level @ 106.500 for a decline. iii. ABCD expectations; a. Impulse A-to-B expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50.0% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:4 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Range trading: Forex as for 06/08/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1796 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1768 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1741 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1949 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1976 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2004 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.3041 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.3014 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2987 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3214 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3241 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3268 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 104.94 Long position 2 (The price today will not fall below this mark with a probability of 95%) 104.59 Long position 3 (The price today will not fall below this mark with a probability of 99%) 104.24 Short position 1 (The price today will not rise above this mark with a probability of 68%) 106.13 Short position 2 (The price today will not rise above this mark with a probability of 95%) 106.49 Short position 3 (The price today will not rise above this mark with a probability of 99%) 106.84 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
Range trading: Forex as for 03/08/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1705 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1681 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1656 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1832 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1856 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1881 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.3003 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2977 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2951 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3160 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3186 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3212 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 105.68 Long position 2 (The price today will not fall below this mark with a probability of 95%) 105.34 Long position 3 (The price today will not fall below this mark with a probability of 99%) 105.00 Short position 1 (The price today will not rise above this mark with a probability of 68%) 106.45 Short position 2 (The price today will not rise above this mark with a probability of 95%) 106.80 Short position 3 (The price today will not rise above this mark with a probability of 99%) 107.14 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
1
Range trading: Forex as for 21/07/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1396 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1379 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1362 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1501 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1518 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1535 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2586 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2554 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2522 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2746 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2778 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2811 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 106.80 Long position 2 (The price today will not fall below this mark with a probability of 95%) 106.62 Long position 3 (The price today will not fall below this mark with a probability of 99%) 106.44 Short position 1 (The price today will not rise above this mark with a probability of 68%) 107.62 Short position 2 (The price today will not rise above this mark with a probability of 95%) 107.80 Short position 3 (The price today will not rise above this mark with a probability of 99%) 107.98 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
Usd/jpy short opportunity!!!Top down Analysis!! Daily timeframe We are in a continuation to downside price forming "lower Highs" and "lower lows" we have EMA crossover to downside and plus cot data indicating institution are heavy buying japanese yen h4 Timeframe We are seeing price continue forming "lower highs" and 'lower lows" indicating Price will continue to downside and also respecting market structure and trendlune. H1 Timeframe Price retraced all the way to test the previous "Lower highs" and we see a nice rejection at around 107.400 level which is a complete retest and now we shall see a nice melt down of usd/jpy to test the previous lows . nice momentum to downside and see shall see a nice rollover to downside
Short
by ShinForex1
USDJPY At Good Resistance Level To SellUSDJPY is currently at a strong resistance level of 107.262. This area has seen multiple rejects on both the upside and the downside. If the price were to move further upwards, there would be a very clear bearish divergence on the MACD Crossover as well. As such, I have entered a short position at 107.262. My stop loss level will be at an area just above the area of resistance that I have entered at. This stop loss level is at 107.422. This is to allow the trade to have room to run. My take profit level will be at an area of support. This is at 106.738. If you agree with this trade, do give it a huge thumbs up! :)
Short
by UnknownUnicorn6361804
USDJPY | WEEKLY PERSPECTIVEIt was all Bears for the US Dollar especially during the latter part of last week as it continues to lose value against multiple currencies and the Yen was not left out in the gains! Breakdown of my Key level @ 107.300 last week evolved into a structure similar to AB = CD pattern with an expectation of correcting into 107.300 in anticipation of a down rally in the following week(s) seems feasible. Tendency: Downtrend ( Bearish ) Structure: Breakout | Harmonic (AB = CD)| Support & Resistance Observation: i. The fall of the USD since the beginning of last month (June 2020) appears to continue as it Breaks down my Key level once again. ii. ABCD pattern a. Impulse A-to-B in harmony with the potential B-to-C leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg falls at 1.414% Fib. ext. of the A-to-B move. iii. Expecting a possible correction into my Key level zone before downtrend continuation in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 2 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Range trading: Forex as for 06/07/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1208 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1182 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1154 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1318 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1345 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1372 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2388 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2349 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2211 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2564 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2602 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2641 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 107.21 Long position 2 (The price today will not fall below this mark with a probability of 95%) 106.95 Long position 3 (The price today will not fall below this mark with a probability of 99%) 106.69 Short position 1 (The price today will not rise above this mark with a probability of 68%) 107.99 Short position 2 (The price today will not rise above this mark with a probability of 95%) 108.25 Short position 3 (The price today will not rise above this mark with a probability of 99%) 108.51 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
USDJPY Multi-Year Pennant USDJPY has been forming this massive triangle for nearly 1650 days now. The triangle's apex is 350 days away. We have had 3 rejections and 4 support within the triangle. Pennants are usually a bullish sign but given the shape of this pennant I am leaning neutral. I will be looking to see which way it will break out and trade accordingly. Usually, technical patterns like this break out a 30% before the apex. So, It should be sometime within the next 6 months we should see a major break out. There is a clean 10% swing trade to pull. The direction is unclear yet, but it is worth keeping an eye on.
by HFTResearch