Forex-usdjpy
Forex Market Analysis - 7th Feb 2016
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
If the pair breaks the level of 116.81, then we can expect it to test the levels of 118.
INDICATORS:-
MACD is sustaining in its negative territory although has crossed on the daily indicating a change in trend in the pair.
RSI is leaving its selling zone indicating the upcoming bullish trend in the pair.
STRATEGY:
USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Please like and comment your ideas and good luck! :)
www.tradingsignalreviews.com
#USDJPY Short Setup In ActionHigh probability that we will test 117.00 and maybe 116.500 if this 1h candle close below 117.700!
Do not put money on trades you feel uncertain about. The real trades - the one you feel good about pushing a lot of money in on - may be right around the corner. It may occur on the very next chart, and you want to have plenty of money on your account when it arrives.
NEW BLOG POST: If You Think You Are Wrong, Get Out
Read more!
Be prepared for the trade you want, get my winning trading strategy ebook. FREE HERE!
USDJPY: The Last Sigh And RiseThe consolidation, which continue almost 6 month ready to end. In previous I have reviewed triangle patterns, but a little bit wrong. Current marking looks more clear and fine. This pair left to do a wave e of wave (e) .
If this count right this pair will have a good rise again, at least at 124.130 - there the leading diagonal has started in 2007. Usually, the following correction retracing length of leading diagonal.
The next target in area 128-130.5. That is a Fibo proportions in wave ((v))
Good price, which will indicate that triangle ended is the extreme of wave (d) = 120.834. I will try pick up this chance for long position.
____
Long term: This rise will the last rise for this pair wave 5 , after that I will wait a significant decline to 95-100 and low.
USDJPY on watchAs you can see price is is just at the bearish trend. if price break, it should go the top at 121-122 area. But if price bounce it should go to the Support at 118.10-118.50 area. if price break this support it should go to the bullish trend and then we can see if price bounce or not to make another trade.
For many reason i didnt put in the chart i believe more that price will turn bearish. but you know, market do whatever it wants.
please comment. i would like to know your opinion
USDJPY H&SSince november 2014 price is in a bullish trend and during this period price has made a triangule. In february price started making a head and shoulder, as you can see. Few days ago price has broken the support of the triangule and is getting closer to the support of the H&S. So, if price dont bounce at the support of the H&S go short to the support at $116.07, being carefully with the little support i painted at $117.
$USDJPY Looking to break above triangle after Strong #FOMCTechnicals: on the chart.
See related idea on bullish reasons for USD.
- BOJ will keep eye on updside and downside risks and adjust policy as appropriate
- will continue QE as long as needed to achieve inflation target in stable manner
- Consumer inflation likely to hover around zero pct for time being due to energy price falls
- Japan's economy likely to continue recovering moderately as a trend
Inside look at USDJPY 5 min Chart I believe we will see a correction lower before any upside continuation today
Aussie probably won't push up until it re-test key support levelLooking at the pair, it pushed down to a key support level of 89.361. Traders rejected going down below those prices and the bullish momentum built up to take the pair to the resistance level at 92.309 (0.382 fib). Prices then fell to reject the support of 91.177 (0.236 fib) and break the pivot or previous high @ 92.357 to push towards the 93.101 near the 93.223 resistance (0.50 fib). Looking at Andrew's pitchfork we could see that the pair is freed from the bottom purple line and is pushing up towards the middle line (which if broke could be a possible sign of a trend reversal). However, the pair is likely to find key resistance little below the 100 day moving average (light blue line). Given that the pair is pressured by the lowered interest rates by the RBA, I expect that the pair might fail to break above the 100 DMA or the 0.5 Fib. However a break above the 100 DMA would take the price up to the 94.612 resistance level, and the long term view would still be on the down trend. A very short term long position could be profitable, but I avoid taking positions against the big picture trend. Given that the pair is still trading below the middle pitchfork line.
ENJOY :)
$YCS achieves measured move target on weekly chart $USDJPYToday's close hit the second and higher measured move that I laid out for YCS. Two months ago I posted this chart:
Direct bulls-eye. The question is what comes next?
One possible scenario: I could see price bounce between 82.50 and 78.50 to digest gains and then try for higher levels after a period of consolidation. Alternatively price could overshoot to the upside and then come back and retest the 82.50 level.
At this point it may be unwise to initiate new longs in this ETF until things settle down. Those holding from lower levels may want to take partial profits and ride out any pullbacks as long as price holds above ~78.50 on a WEEKLY close.
Good luck!
