J-jpy
Potential turning on UJ h1?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too!
The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Connecting the Dots: CPI Numbers and USDJPY OpportunitiesIn today's trading session, our attention is on USDJPY, as we monitor a potential buying opportunity around the 147.500 zone. USDJPY, currently in an uptrend, is in a correction phase, approaching the trend at the 147.500 support and resistance area.
Adding a fundamental layer to our analysis, let's consider the recent Consumer Price Index (CPI) data. Examining the CPI figures from the past months, there has been a gradual decrease, with the most recent data showing a CPI of 3.4%, surpassing the forecasted 3.2% and slightly down from the previous month's 3.7%.
Now, let's connect this data to potential USD strength. A stable inflation environment can contribute to a stronger US dollar, as it signals economic stability and confidence. With the recent CPI figures, indicating a balance between inflation and expectations, there is potential for the USD to gain strength.
Traders looking to engage in USDJPY should keep an eye on both fundamental and technical aspects. As always, trade safe.
Sell USDJPY Triangle PatternUSD/JPY M30 Triangle Breakout Signals Potential Downtrend
A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement.
Key Points:
Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a period of indecision before a decisive move.
Sell Entry: A break below the lower support line of the triangle, around 148.10, could signal a bearish breakout and offer a potential sell entry.
Targets: Potential bearish targets are located at the support levels of 147.16 and 146.60.
Stop Loss: A stop loss can be placed above the upper resistance line of the triangle, around 148.50, to manage risk.
Additional Considerations:
Market Sentiment: The overall market sentiment and fundamental factors influencing both the USD and JPY will also impact the pair's price action.
Economic Data: Keep an eye on upcoming economic data releases from both the US and Japan, as they could influence the currencies' relative strength.
Risk Management: Employ proper risk management strategies, including appropriate trade sizing and stop-loss orders, to protect your capital.
Fundamental Factors :
1. Mixed US Housing Data Dampens USD Strength: Earlier on Friday, mixed US housing data, including weaker-than-expected housing starts but a surprising rise in building permits, cast doubt on the strength of the US economy and capped gains for the dollar. This could put downward pressure on USD/JPY.
2. Weak Japanese Machinery Orders Add to Downside Risks: Japan's core machinery orders, a key indicator of future capital spending, unexpectedly declined in November, raising concerns about the health of the Japanese economy. This could lead to increased safe-haven demand for the Japanese yen, weakening USD/JPY further.
3. Rising Global Risk Aversion Favors JPY: Heightened geopolitical tensions and ongoing recession fears in some economies are prompting investors to seek safe-haven currencies like the yen. This could contribute to a decline in USD/JPY.
Thank you
USDJPY, yup yup went up n up, nice move after mid week!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Did some pretty nice trade on UJ Long, bias still on the upside until unless something changes!
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Buy AUDJPY Channel BreakoutBoJ not changing policy, intensified interest rate differential game:
Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between Japan and the US have widened for both short and long-term yields. The current higher interest rate environment is an opportunity for Japan to competitively devalue its currency to support national exporters, which it failed to do in the last decade in the era of zero interest rates.
Price breaks the channel now, its good chance to buy now.
Thank you
USDJPY DROP 218 PIPS / 6R Trade +
1.) end of monthly pullback
2.) 2 weekly wicks rejections
3.) weekly 0.5 fib. level
4.) daily a lot of divergence pressure
5.) building daily liq.
6.) 4h divergence
7.) failed for 4h higher high
Now you can also see my entry model with sell and buy areas and minor levels to enter the trades.
Entry Model
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders,
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
🇺🇸 USDJPY 🇯🇵 - Bullish sentiment forms an upward trendUSDJPY may continue its growth on the back of the rise in the dollar index due to fundamental reasons. Technically, the currency pair is forming a bullish trend, it can be understood by the rising lows and highs.
The target in our case could be 148.5
Reasons for further upside:
1) Trend breakdown
2) Yen is weaker than the dollar. The pair is rising following the DXY
3) Bullish trend is forming
4) Rising lows
5) Structure breakout
Sell NZDJPY Triangle BreakoutChina economic data: China is due to release its Q4 GDP data on January 17, 2024. Strong data could boost risk appetite and support the NZD. However, weak data could lead to further risk aversion and put downward pressure on the NZD/JPY.
Sell NZDJPY Triangle Breakout
NZD/JPY - M30 Chart - Price Breaks the pattern now.
its good chance to sell now.
Thank you.
AUDJPY to find buyers at market?AUDJPY - 24h expiry
Reverse trend line support comes in at 97.00.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 97.25 will confirm the bullish momentum.
The measured move target is 98.00.
We look to Buy at 97.00 (stop at 96.60)
Our profit targets will be 98.00 and 98.50
Resistance: 97.50 / 98.00 / 98.50
Support: 97.00 / 96.75 / 96.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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NZDJPY - 1000pip Swing Trade ✅As you all know, we don't mess around when it comes to swing trades. We've identified yet another massive swing opportunity for you!
We are currently in a 5th wave, which is appearing as an ending diagonal. We are looking for one more move higher (5th wave of the diagonal) to complete the ending diagonal. It's important to note that this final wave can either fall short or extend beyond the parameters of the diagonal. Therefore it's imperative to play what you see and have confirmations in place rather than entering blindly.
Trade Idea:
- Watch for the final wave to complete near the outer perimeters of the diagonal
- Draw an entry trendline or look for BOS on lower timeframe
- Enter once confirmations have been met, with stops above the highs
- Targets: 87.5 (500pips), 84.5 (800pips), 81 (1150pips)
Goodluck and as always, trade safe!
USD/JPY Dynamics: Fed Speculations, CPI Impact, and Bearish SignUSD/JPY Dynamics: Fed Speculations, CPI Impact, and Bearish Signals
The Japanese Yen (JPY) has marked a second consecutive day of gains against its American counterpart, recovering from a one-month low following the release of US consumer inflation figures. Despite a slightly hot headline US Consumer Price Index (CPI) and comments from Federal Reserve officials suggesting prolonged higher interest rates, market speculations hint at a potential shift in the Fed's policy stance in March. This, in turn, acts as a headwind for US Treasury bond yields and exerts pressure on the USD. Nevertheless, the downside for the USD/JPY pair is tempered by the belief that the Bank of Japan (BoJ) will maintain its ultra-dovish stance.
Technical Analysis:
From a technical perspective, our attention remains on the price for a potential new bearish impulse. The current trading scenario places the price within the 61.8% and 50% Fibonacci zone, with a notable rebound from the 61.8% level following the CPI release adding confidence to our bearish setup.
Market Dynamics:
The slightly elevated US CPI and ongoing discussions among Fed officials have left markets in anticipation of a prolonged period of higher interest rates. Despite this sentiment, the prevailing expectation of a policy shift in March remains, acting as a drag on US Treasury bond yields and impacting the USD. However, the downside pressure on the USD/JPY pair is cushioned by the prevailing belief that the BoJ is unlikely to deviate from its ultra-dovish monetary policy stance.
Conclusion:
The JPY's recent strength against the USD reflects the intricate dance between US inflation data, Fed policy speculation, and the Bank of Japan's stance. While technical indicators point to the potential for a new bearish impulse in the USD/JPY pair, the overarching dynamics in the global currency markets will continue to influence its trajectory. Traders will closely monitor key economic indicators and central bank communications to gauge the evolving landscape for the JPY and USD.
Our preference
Short positions below 147.70 with entry at 145.00 and targets at 143.00 & 141.50 in extension.
XAUUSD BuyBuying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area.
Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk
Entered at the low end of a 4Hr OB, which I'd like price to close above.
Not to much more analysis here, kept it simple, still using @nephew_sam_ FVG indictor so testing this on my funded account.