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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
Japan REITs: Hidden Gem to Diversify Your PortfolioJapan has long lost its charm to the international trading community. It has been a boring place to trade in for the past two decades, pretty much. In a mature market like Japan, you can't expect explosive growth like you can find in China. However, this market offers a great source of diversification and income potential, if you know where you are looking. The answer lies in Japan REITs. Properties in Japan, be it commercial, industrial, retail, hospitality, or residential, are coveted by mom-and-pop as well as institutional investors from the country and across the APAC region for their stable and (slowly) growing rental income. The chart shows the largest REIT ETF listed in Japan (blue line) versus JPY and SP500 trendlines. You can clearly see the low correlation between JREIT and SPX. In times of volatility in the US, and for those with international brokerage capabilities, why not consider this diversifier across the Ocean? Disclaimers: GMAS is long a few select names within the captioned ETF. Investment carries risk. Investment in foreign dividend stocks is subject to withholding tax. You may be able to claim better withholding tax rate based on your country's double taxation treaty status.
TSE:1343Education
by WhatsTrading
Nikkei Potential Head and Shoulders?The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620, then we would await for a lower high which would be a retest of the break. However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern. Price is turning at a resistance zone (21800) zone which adds further confluence. This is a trade that can possibly play out next week. Keep it on your radar!
FOREXCOM:JP225Short
by Uncharted-FX
Short trend continuation on Eur/JpyIs it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames. With the violation of the EMA 20 daily periods, the price appears to be destined to reach the support area. The one just mentioned. An intermediate target is the support of minor importance located at 120.85. On both daily, weekly and monthly time frames, there was a cross-over of the main EMAs (or 200 perodi with 20). This means that sales on the European currency have not ended. Investors are preferring to move capital to the Japanese currency. This decline is also fundamentally justified. This because although the ultra-expansive monetary policy of the BOJ is already known and has not been changed for a long time. The ECB, according to Draghi's words and the macroeconomic data of the Eurozone, will also tend to be in the coming months more expansive than she already is. Causing a devaluation of the euro. Our target is near the price of 120
by BFCMInvest
Mexican peso holiday & central banks are preparing for the worstThe week started quite well for the financial markets and with a huge relief for Mexico in particular. The point is that Trump decided not to impose 5% tariff on Mexican goods. The Mexican peso showed maximum growth over the past year. The Canadian dollar is below 1.33. Therefore a sharp decline in gold and other safe-haven assets against this background can be considered logical and logical. However, we would not advise relaxing. In fact, this is just one of the episodes. But in general, the picture continues to be rather precarious. According to analysts at Morgan Stanley, heightened market optimism is a mistake of investors. Global economic data is likely to begin to deteriorate. Accordingly, Morgan Stanley recommends selling USDJPY with a target of 105. We will continue to look for points to buy gold and Japanese yen on the intraday basis. About the Japanese yen. Yesterday, the head of the Bank of Japan, Haruhiko Kuroda, contributed a lot to yen sales in the foreign exchange market. He said that the Central Bank is ready to expand the list of monetary incentives, if it is necessary. Panicking and selling off the yen is not worth it yet. Well, the Bank of Japan is satisfied with the content of the monetary policy and the general state of the country's economy. Nevertheless, the general trend in the behavior of the leading central banks is pretty clear: all as one declare their readiness to act in response to trade war escalation. Recall, earlier "pigeon" comments were seen by the Fed and the ECB. And the Reserve Bank of Australia, so generally, lowered the rate last week. We would like to note rather weak data from the UK in particular GDP dropped by 0.4% m / m, in April ( the analysts had been expected a declining by 0.1% m / m).In addition, industrial production collapsed by by -2.7% m / m (experts predicted a decline of -1.0% m / m). It is not surprising that the pound was under downward pressure yesterday. Today we are waiting for data on the UK labor market, which might finish the pound. Well, we will see. Our trading preferences for today are as follows: we will continue to look for points for selling the US dollar against the Japanese yen, as well as the euro, oil sales and the Russian ruble, as well as buying gold.
Short
by Trade24Fx