USDJPY ForecastWe're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.
Forex-usdjpy
UsdjpyUsdjpy formed ascending channel in h4 tf and im expecting breakout soon
incase of successful breakout expecting massive bearish rally
incase of successful breakout expecting 300 pips bearish move keep eyes on for confirmed breakout
Strifor || GBPUSD-09/07/2023Preferred direction: SELL
Comment: The situation for the pound is the same as for the euro, there is also a priority of sales. Approaching the level 1.25381, the price made a close retest of the level and the fall was very likely. Now the nearest target is the level of 1.24000.
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Strifor || XAUUSD-09/06/2023Preferred direction: SELL
Comment: Gold a week ago perfectly worked out our BUY-idea, but already this week everything is forming in favour of the seller. This trend is likely to continue in the near future. The level of 1920 has been passed, fixing under it is expected. This is a potential area to consider short trades. The nearest target is, of course, 1912, then, after a probable accumulation, the price will drop to the level of 1900 again.
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USD/JPY -On its way to a Safe Short- We've seen USD/JPY uptrending for what will be
the fifth (5) consecutive Weekly Green Candelstick prints.
Some cool of may occurr in terms of price action,
further due for correction ?
Lots of Higher Highs levels as Support from below
Looking from the left,
a Weekly Supply Zone can be spotted ;
(you can refer it as a *W OB).
As well coinciding with the fact of approaching Resistance Trendline of
Ascending Channel Pattern (a.k.a Bearish Flag).
Short-Bearish case Opportunities are on its way for USD/JPY.
Bullish case would be the breakout of pattern through above average volume and the
Supply Zone being broken.
This would invalidate the Short Opportunities idea for $USD/JPY
Until the next one;
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before even considering partaking on any Trading Acitivity based solely on this Idea.
Strifor || EURUSD-08/21/2023Preferred direction: SELL
Comment: At the beginning of a new trading week, the Euro is trying to recover, but most likely this attempt will not succeed. The price approaches the round level 1.09000, which is the resistance. From this value, the downward movement is expected to continue towards 1.08485, with a further move down.
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USDJPY Possible Reversal
OANDA:USDJPY has been on an uptrend for the past few weeks, but a Head and Shoulder pattern has been detected on the 1-hour chart.
Additionally, inflation in the US is decreasing, which could potentially impact the USDJPY pair.
If the Head and Shoulder pattern breaks below the resistance zone of 145.0 - 144.9, there is a possibility that the price could continue to move downward.
Strifor || XAUUSD-08/14/2023Preferred direction: SELL
Comment: Buyers here also failed to take advantage of the 1912 support level, and the price only slowed down the fall, but did not reverse the price. Given this fact and the general context of the market, the level of 1912 is most likely to be broken down in the near future. The next stop of the metal is likely at the level of 1900, a round and psychologically important barrier.
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Strifor || EURUSD-08/07/2023Preferred direction: SELL
Comment: The beginning of the week assumes the strengthening of the US dollar in all directions, including, of course, the Euro. This currency pair continues to be under the full control of the seller. At the moment, it is necessary to wait for the price to close below the level of 1.09623, which previously showed itself very well. Closing below the indicated level will allow pushing the price down to 1.08485, from which the price made a confident upward impulse earlier.
Other prospective and relevant ideas (for USDCAD and XAUUSD) can be found below.
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Strifor || USDCHF-08/04/2023Preferred direction: SELL
Comment: The sell-priority remains on the currency pair, however, a small addition in connection with the upcoming data on the US labor market. In this addition, it is assumed that at the time of the start of the data release, the US dollar will strengthen on all fronts, after which a reversal and a fall in the currency are expected. Thus, we are waiting for an impulse above 0.87757, and after going under the level we continue to consider sell.
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Strifor || XAUUSD-08/03/2023Preferred direction: BUY
Comment: The plan for gold has fully worked out, and now, just like with the euro, you can start looking for buy-positions. At the moment, the focus of our attention stays near the level of 1938.915. However, before the growth, another small downward impulse is expected, at which the price may reach the level of 1920. The medium-term prospects for the metal are formed mainly in favor of the buyer.
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USDJPY Bears Are ScreamingUSDJPY turned down exactly from 61,8% Fibo. resistance and after reaching equal wave length of waves W=Y of a complex correction. So, seems like bears are screaming and we should be aware of more weakness in upcoming days, especially if breaks below 139.10 region, just watch out for short-term pullbacks.
Strifor || EURUSD-07/20/2023Preferred direction: BUY
Comment: The European currency also approached the support area, in which the push volume was formed for the last time. An aggressive approach to this support area also favors buying, and further downside is unlikely. Recovery is considered to level 1.11861.
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Strifor || EURUSD-07/19/2023Preferred direction: BUY
Comment: As we expected, the price went to 1.11861 and rebounded a bit before reaching the level. So far, the price area near the level of 1.11861 is showing itself as a good support. In the short term, it is assumed that this trend will continue, and the instrument will head towards the round-psychological barrier 1.13000.
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✏️ $GOLD : New Week's PredictionsBy examining gold in the 2H and 30min time frames, we can see that the price reached the important supply range of $1963 on Friday and was rejected from this zone again, but we have to see that the price can be above the range of $1950 to 1953 when the market opens or not! If the price stabilizes, it will move to $1959 as the first target, then we have to see if it will be strongly rejected from this range or if it will move to the liquidity pool above $1964 to collect liquidity! If this trend continues, the target after that will be the liquidity pool above $1973! The downward scenario will happen if the price stabilizes below $1950 and the first target of it is $1941 and the second target is $1936.5 ! This analysis will be updated tomorrow!
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Strifor || GOLD-07/14/2023Preferred direction: BUY
Comment: The buyer retains the initiative and the previous trading idea for gold in force. We are considering longs, it is best to do this from next week. There is a possibility that at first the sellers will try to approach the level of 1938.915, which is unlikely to succeed, but there will probably still be movement in that direction. The medium-term target for longs is at the level of 1981.680.
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EURUSD-07/07/2023Preferred direction: BUY
Comment: Today is the long-awaited day of the whole week, including the breaking of the round level of 1.09000 and the approach to 1.09623. This expected movement will be made within the near retest of the level 1.09623 on the daily chart. In this case, the strength of the buyer will only strengthen and the medium-term growth above 1.10000 will not be long in coming.
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USDJPY UPDATEUSDJPY looking good to Buy/Long, USDJPY break resistant and confirm breakout
Target Profit in golden ratio fibonacci 61,8
GoodLuck guys !
invalid if price breakdown to 137,000
*Follow for another Signal, free!
*Give me Cheers please !
DYOR
#USDJPY #Forex #YEN #DollarHi
I think it has reached a very important range, i.e. 145.17 to 146.79
However, the dollar will correct if the data at 8:30 New York time comes in below expectations.
United States PCE Price Index Annual Change
Previous: 4.4% Forecast: 3.9% Actual:
If less than 3.9% is published, the correction of the dollar will be more intense.
EURUSD-06/26/2023Preferred direction: BUY
Comment: The outlook for the EURUSD currency pair is quite optimistic, despite the fact the last week passed as part of the strengthening of the US dollar. At the moment there is a potential false breakdown of the level 1.09071. As soon as the price closes above this level, then buy trades immediately take effect. The first target is at the level 1.09526.
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USDJPY Is Approaching Strong ResistanceUSDJPY made a sharp reversal in 2022 on a daily chart, and touched 126-130 area after BoJ policy YCC adjustment back in December. However that drop appears completed as we have seen a strong bullish reversal in the lat few months, but it's just another corrective recovery that can be now slowly approaching the end. It's ideally an A-B-C move up to 142 resistance area where we can expect a bearish turn still this year. Alternatively, this can even be W-X-Y from 127 lows, but still a corrective and temporary higher degree pause for wave B/II. A drop and turn back below 137 can be the first evidence of a top in place.
💱 USDJPY - The pair continues to strengthen. Target 142.0The USDJPY is breaking forward amid a strengthening dollar. The currency pair breaks the resistance at 140.882, after which the price stops and forms a correction from 141.5
TA on the high timeframe:
1) Price breaks through the high again. 140.725 level opens new high - 142.25
2) There is a void ahead and after a local consolidation the price may continue its growth, but only if the fundamental background is positive for the dollar
TA on the low timeframe:
1) Breach of resistance at 140.882 and rise to 141.5. Price stops and forms a correction
2) Tested the 0.236 Fibo level, price may head deeper if buyers fail to hold the 140.882 level.
3) The uptrend continues
4) There is a high probability that growth from 140.979 will continue
Key support: 140.979, 140.882
Key resistance: 141.5
USDJPY: Sell At Oder-Block CombineUSDJPY has been depreciating for a long time.
High-volume orders-block have formed in the time frames m15-h1-h4.
SUGGESTED TRADE:
Entry-ranges: 140.39-140.25
Stoploss: 140.524
Target-1: 140.018
Target-2: 139.809
Target-3: 139.230
