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RidetheMacro| USDJPY Outlook 2020.09.19📌the USD/JPY currency pair reached one and a half month lows this week at the middle of the 104th figure. In this price area, the southern momentum has faded and now traders are at crossroads: on the one hand – the weakening greenback which again began to lose its positions and on the other hand – the lack of weighty arguments for continuing the downward movement. The results of the September meeting of the Bank of Japan and the data published today on the growth of Japanese inflation did not provide any clarity as the USD/JPY pair continues to trade against the background of a contradictory fundamental picture.📈 🏦 the BoJ said in its Sept. 17 monetary-policy statement. “The pace of improvement is expected to be only moderate while the impact of COVID-19 🦠 remains worldwide.” The Japanese economy shrank 7.9% on quarter in Q2 2020, compared with the preliminary reading of a 7.8% decline and market consensus of an 8.1% drop, and after a 0.6% fall in Q1. This was the third straight quarter of contraction and the steepest on record, amid the severe impact of the COVID-19 crisis. Private consumption tumbled, falling for the third straight quarter (-7.9% vs -0.7% in Q1) 📍 Any material shift in this regard may be exacerbated by a contraction in global growth, with capital flight into the dollar Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro
Long
by Ridethemacro
4
ridethepig | Nikkei Market Commentary 2020.09.19📌 The Nikkei would have freed some space to the downside with a technical break last week, but given that we have not pierced the support line and buyers are still well-placed we must be wary of a retest in the highs of the multi year top at 24,000 - the same level we have been tracking since 2018!! The more interesting notion comes from the Global Equity board with breaks being led by NY and following through with Europe on the quadruple witching flows. A simple move here would be playing the breakdown for a quick test of the 200 day MA which is +/- 22,000 and on the other perhaps opening up the panic leg towards the lows at 20,300 if the rest of the flows play along. Any moves to the topside lack conviction and the RSI destroys all winning chances for buyers as we approach the highs. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:NI225Short
by ridethepig
5
GJ Potential Long PositionThe market is in an acending channel, with price showing strong rejection of the lower bound of the bullish channel. The downside potential of this market, is relatively low ceteris paribus, as the market would have to break structure to form a new price level below the current channel. The price has shown rejection at 3 key levels, indicating a three phase movement, thus 3 potential entry positions. It is likely that the market will continue to consolidate, as price tends to contract after large expansion(volatility) which can be viewed by the strong bearish momentum from the top of the channel. Continuing, entry after a re-test of this key level or strong bullish momentum would be advtangeous to maximise R:R as price is at the bottom of the channel and near an area of value as indicated by the 50EMA on the hourly time frame and confluencing the bearish trend line. From a fundamentals perspective the pound has shown volatility due to a rise in the Claimant Count, increase in COVID-19 cases and operational/capacity problems with the NHS Track & Trace system. However, Japan is ushering in a new Prime Minister due to the departure of Shinzho Abe with Yoshihide Suga widely expected to take the role up. However, his poitical philisophies are unclear and he is entering the job at very uncertain times for Japan who have nearly exhausted their use of monetary policy tools to increase consumptions and a large fiscal stimulus package which has worried some due to its size and its impact on public debt. In short, both countries are in predicaments which should overall offset one another and allow the continuation of the bullish trend.
Long
by Tical1
Warren Buffett Invests in Japan - Economic War 2020 - CurrencyAs the world watches the USA capital markets squeeze themselves into just 5 or 6 large cap, over-hyped, mania stocks (Tesla, Apple, Amazon, Google, Facebook, Microsoft, etc.), the richest (1%) are avoiding U.S. stocks altogether. Warren Buffett has just announced his buy-ins into Japan (over past 12 months). *Warren Buffett made gained his massive "unrealized" returns by accumulating stocks just after the great depression. He then held pretty much his entire lifetime. I don't believe Warren has an edge at all anymore. The world has moved lightyears ahead of what the baby boomer generation can generally comprehend. Sorry Warren, stash the cash, go enjoy your family. Your best days are behind you. Invest in small cap USA or watch the USA struggle for years. Sad stuff. DON'T INVEST IN JAPAN LIKE WARREN. Don't live on leverage like the majority. Invest smart. CONTRARIAN. INVEST IN $GNLN or other small cap USA companies. Go USA!!! #cannabis #federalize #risksavageinthemarket #maxcreativeinvesting #watchthis #stockmarketcrash2020 #cannabisboom2020 #greenlaneholdings
INDEX:NKYShort
by UnknownUnicorn1015917
Bearish USD/JPY Is Preparing for Another DownturnIn this technical analysis I will cover USD/JPY and explain the most important pieces of information on the chart. First of all, especially in Forex, trading with the trend is very important. If we zoom out a bit, we can see an overall bearish momentum on USDJPY. Also, we can see a pattern forming similar to a symmetrical triangle. I expect the price to continue upwards for a little bit until it finds resistance and then move strongly downwards again. I highlighted the important point here with the red breakout circle. If the price goes below this point I believe the downtrend is confirmed and a short trade is appropriate. As for an exit on such a short trade, we can make use of the horizontal support area around the 104.2 level. This will be a difficult level to break and we can already earn about 150 pips holding it from the breakout zone. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
5
LONG JP225: A great move to the upsidelet's get into practical details without any bullshit in the beginning... We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step. We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1. Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning. Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline. Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline. Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000 I'm following it with you daily to keep you up to date. Chiao!
OANDA:JP225USDLong
by Amro_Elzeiny
2