NZDJPY - 1D - Pretty Wedge FormedIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: NZDJPY
Time frame: 1D
Just wanted to bring this to people's attention. I have noticed that a lovely wedge has formed on the daily chart for NZDJPY. Don't expect any kind of big move until we have broken out from this range. With my current belief that the stock market is over bought I am expecting to see strength in the Japanese Yen and the reason I am looking at it breaking down.
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USD/JPY longGiven that Japan is stagflant economy, YEN is safe haven currency so its driven mainly by risk on/risk off sentiments on global markets
In case that we’ll see any further escalation of North Korean tensions, we can expect instant downmove – any more serious comments from North Korean officials could trigger that (Markets are already quite used to NK hostile rhetorics towards US/Japan and South Korea), however I dont expect any further military escalation since none of involved country leaders want to be remembered as ones who "stared war" or did not prevent it.
Recently we’ve found resistance at monthly pivotal R2 and broke through so depending on fundamental circumstances we’ll continue up given Yellen hawkishnes on US side + we have more US tax reform detail coming up later today at 21:00 CET and I expect all of that pricing in throughout this day.
Also note that we have 2 FED speakers today who I believe will reiterate neutral/hawkish stance
Currently I expect next significant resistance at R3 near our -27% retracement and TP
As always stay tuned to bloomberg, twitter or what have you, since things might change very quickly - as always be safe and protect your capital.
Regardless of which side you trade on, have fun!
GBPJPY - 1D - Resistance MetIf you like this idea and commentary leave a like and follow me to get all of my updates :)
Underlying: GBPJPY
Time frame: 1D
A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because of this I am not fully committing to my trade. I am expecting some form of retest of the pink trading zone so if you missed out you can enter a short trade from 152.70 - 154.70.
Bearish Retrace Approaching?UJ has been a ranging pair the past couple weeks but all playing in with the bigger Time Frames. When bigger TF's are dojis, you will more than likely see big moves up and down in the same range of pips, However with UJ pushing down previously we are looking at the continuation of this downtrend on higher TF or we will see the break of structure and trend change. Watch pair closely and don't reach for big pips until for sure confirmations.
Nikkei Index Daily Update (5/9/17) *Can go to 18,900
The world stock market is in dilemma and it is not due to any economic data.
It is due to the geopolitical events.
The japan stock market is one of the most affected market due to the saga.
I am still seeing the weakness of it and it will use 18,900 as a very good support.
SO, it can go to 18,900 easily for now and we have to see how strong it behave as the price reach to the levels.
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because I'm not monitoring this chart all time.
Nikkei Daily update (24/8/17)19300 is a nice support zone.
there is no nice candle to long at the moment.
next support zone if 19300 broken will be 18900
tradesafe
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
cadjpy short Ascending Triangle
This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows.
What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows.It seems cadjpy is making a compression sell . its a good thing to wait until the price goes up around the supply area to enter short.
sell limit order around 87.652
Stop loss : 88.070
eurjpy shortMy analysis is that euro will weak against jpy . It seems that EJ is making a new head & shoulder pattern.Kindly wait for confirmation candle before entry on the price and If the price goes up it will go until area 129.311 -129.561 and start sell again.
The price stuck twice on the EMA 50 which will make it even significant to go down.
My target the price will go down until area 127.562.
Trade safely .
GBPJPY LONG SHORTAs you can see the gbp is trying to make the new LH in the area grey highlighted zone . You can put the sell limit around the respective zone . to confirm is you seek in Daily TF and open a bollinger bands(BB) it will come out in the mid BB with EMA 50 is also around that area which make a possible short and It would be a sweet long trade. always put a stop loss and please watch out for your margin level in trading this pair.
GBP/JPYOBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.
Nikkei (Japan Stock Index daily Update (10/8/17) *BEAR SignsApparently Nikki index has a lot of downward pressure from here.
It is kinda early to enter but if it becomes obvious, it is considered too late as well.
It may be hard to break down 19,2350 level strongly first and it is very likely.
TP1. a nice swing area.
TP2. a nice congestion area where bull will fight back.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.