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USDJPY Aveiq Capital Management Group 14th November 2019 If we look at DXY, we can see that it is currently very bullish. We are expecting moves to the upside. We have an area marked out at the 108.630 level. We are taking entries at current price. We may experience some consolidation at the current price area before seeing that move up. Based on price action, we can see that there is still a majority of buyers within the market. We are targeting the 110.9 area which gives us a yield of 2.00%.
Long
by AveiqCapital
EURJPY SHORTMy algorithms show multiple confluences for a short entry for this pair. I am currently in, I see price is currently below the 200 day average along with multiple candlestick patterns that signal an entry. I will be taking price down to 118.00 support where many buyers will be looking to enter as it signals a bounce off of a short term trendline. Trendlines have an extremely high failure rate in the smaller timeframes and banks know this stuff. Further analysis will be made after this trade completes.
Short
by bajapips
1
4519, Chugai Pharmaceutical Co. - Breakout on ascending triangleTSE:4519 Net breakout of the resistance of this ascending triangle. As always, one of the parameters for deciding whether or not to enter our trade is the Yield Risk ratio, in which winning trades allow us both to compensate for the small losses we make 60% of the time and to create that extra margin for regular profitable activity. Remember: Trading is an activity like any other and you must undertake it as a professional and not as a gambler looking for the winning trade of life ... finance.yahoo.com
TSE:4519Long
by SwissTradingSchool
1
Fed's decision and dollar reaction, the CB of Japan and EnglandFed Decision: Interest rates cut by 25 basis points after FOMC meeting. The Federal Open Market Committee decided to lower the rate to 0,25%. FOMC does not have a fixed position: some members believe in further reduction, other members voted against any further reduction at this meeting. So could observe the lack of dollar sales. Different positions are understandable. In the last couple of weeks, the US economy has shown good outcome, so the Fed may well take a break in easing cycle. As for the USA. Statistics on the real estate market in the United States were published yesterday. The figures came out more than good. So, the start of construction indicator increased by 12.3% m/m (forecasts + 5%), and building permits in August grew by 7.7% m/m (analysts expected an average decrease of 1.3%). In general, talking about a downtrend in the dollar is premature, and even a correction in the dollar value is in question. However, today we will continue to look for points for selling the dollar. Today, the Bank of Japan has traditionally left monetary policy parameters unchanged. The Bank of Switzerland is also expected to leave the rate unchanged. However, both of these Central Banks are pursuing an ultra-soft monetary policy, there is simply nowhere to lower rates. The Bank of Japan has not yet held a press conference following the meeting when we were completing news background. If there are no surprises, then our position is to buy the Japanese yen today. First of all, against the dollar and the euro. The pound was under pressure yesterday. This was due to both statements by the EU that the risk of exit without a deal and macroeconomic statistics from the UK. Consumer inflation came out below per cent. Weak inflation on the eve of the Bank of England decision announcement on the parameters of monetary policy is a sign for pound sellers activation. Total up to the verdict announcement we prefer to stay away from pound positions. Moreover, before that, data on retail sales in the UK will be published. Since the Bank of England will announce the decision today, we will present our adjusted position on the pound tomorrow. In the end, the pound is not the only instrument for trading. Gold purchases from local lows continue to be relevant. As well as oil sales from local highs. The situation with Saudi Arabia seems to have stabilized and markets generally calmed down.
by Trade24Fx
Trading Plan Update for GBPJPY The BeastReferring to the this post 2 days ago : The daily range for yesterday was 100 pips roughly whilst the 20-day ADR was 130. I would consider it a hit. Today's 20-day ADR is 132 pips and I expect this will be reached today and hopefully to the downside. I am still bullish the Sterling and I am looking at liquidity pool at 134.600-134.500 and 134.00 price levels. There was a valid bullish signal on Tuesday but I missed that signal. That signal formed an accumulation zone which creates another "liquidity plot" around 134.500-134.00. If price enters in one of these price zones, that will activate my bullish mode and will look for bullish activation. There is a risk event for UK and Japan today but either I don't expect anything significant.
Long
by sufiansaid
Reading the Right Side of the Chart : USDJPY 16 September 2019On Friday the daily range was 37 pips whilst the 20-day ADR was 65 pips. That's almost 50% short of hitting the daily range. When price misses the daily range projection, the following day or next few days, price will compensate that. Price expansion should happen and if it happens today, then I hope a 70 pips run today. The 20-day average daily range (20-day ADR) for today is 64 pips. I am anticipating 80 - 100 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time). I was looking the price to tap at 107.500 - 107.600 price levels and I would be looking for bullish triggers to LONG USDJPY. Price has tapped the price levels and now I just have to wait for a bullish trigger (which I hint at a "line" I mark on the chart) No Risk Events today for the U.S and Bank Holiday in Japan.
Long
by sufiansaid
Nikkei Break Out Nearing?Our Dax and ESP 35 trades are continuing as mentioned in previous posts. It seems cheap money and easing will keep stocks propped as there will be nowhere to go for yield. Of course, a geopolitical issue or black swan event can nullify this...and I believe there will be a confidence crisis approaching. However, we will deal with that when it appears and the bond market will give us the signal for this. I like what I see here on the Nikkei. A nice downtrend with basing/range. You can say a cup and handle pattern too. Let us await for a break above this resistance one. Other confluences fake out candles and engulfing candles at the major support below, indicating that we may have shown 2/3 market moves (downtrend and range).
FOREXCOM:JP225Long
by Uncharted-FX
Gold new all-time high in NZD termsThanks for viewing, After last weeks unexpectedly deep 50 basis point cut by the RBNZ the NZD has lost ground against USD www.ft.com Against a back-drop of a very bullish gold/USD price this has resulted in gold breaking its 2011 all time high. I get the feeling that the a new monetary easing policy (QE4?) is around the corner from the Fed, so we are at the start of a new easing cycle. If we are at 1% rates (this is a negative real interest rate. Inflation is 1.9% presently tradingeconomics.com) at the start of an easing cycle, then negative (nominal - not just interest rates below inflation) interest rates are a very real possibility. We may be approaching a time in New Zealand that it will be much more prudent to keep your cash in a safe, instead of paying banks to hold it for you. This happened in Japan and can happen in Australia and New Zealand as well: www.scmp.com Remember that the RBNZ holds no precious metals (bulk sold in 1960s and the balance sold in 1991) and all of its assets are foreign currency cash assets www.rbnz.govt.nz Expect all of those cash assets to reduce in real purchasing power while gold continues to climb. Protect those funds everyone.
OANDA:XAUNZD
by flyinkiwi10
GBPJPY |Who Wins The Battle, Technical Analysis or Fundamentals?Hi, I'll try to do an experiment. Usually, those trades are totally out of my list but currently, the situation almost requires to do it. Currently, the riskiest pair on the Forex market is GBPJPY and I'll try to catch that huge "falling knife" with a purely technical level :O Fundamentally, this pair is totally smashed into the mud but do we can gain some profits by buying it. Obviously, it should be short-term trade and obviously, we need to see a bullish candlestick pattern on the marked blue area which consists of historical trendlines and they make a crossing area inside the blue box. A possible bounce area consists of: 1. The black trendline since 1st March 2018. It has worked three times as a support level and the price approaching it fourth times. 2. The blue trendline since January 2012. To draw a trendline, there has to be also a second point and the second point is October 2016. Now, the price approaching it third times and which is really important - those two trendlines make a crossing area just below the current price. Now the minor technical aspects, they also make this area a bit stronger... 3. Previously worked support level in 2016. 4. The round number 129.000 5. Short term AB=CD 6. 2016 November gap adds a bit strength into the blue area. 7. I usually don't watch it but RSI is totally oversold. I add RSI indicator into my criteria list ONLY then when the price approaching strong levels. 8. ...and you should wait for the prementioned bullish candlestick pattern. Who wins the battle, fundamentals or technical analysis? Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
Long
by VaidoVeek