Possible Short Position on EURJPYThis Pair is struggling a bit into this level, but has a large downside potential to pull the trigger, sell an hold 125.062 seems to be a clear level to find rejection so good to close position then. Convergence with GBP and USD.
Have a Good Trading Week
Cream Live Trading, Cheers!
Japan
Nikkei Daily Update (10/11/17)23,000 acting as a nice retracement.
Support at 22,000
Awaiting retracement for a better low risk entry trade.
Disclaimer :
This analysis does 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
Big Possible Short Position on USDJPYBig possible short position on FX:USDJPY this pair is showing something else that numbers doesn't match in the equation, this is a warn issue to consider, 'cause seems to be hard for the pair do what it has to do, that's why I draw a vertical line in case of price should touch that levels into that period of time. In case it doesn't we may see a big impact news like a war or something else. I'll keep an eye on this pair, but on TVC:USOIL and FX_IDC:XAUUSD too, because they are following other kind of structures and levels in the wrong time.
Have a good Trading Week...
Cream Live Trading, Cheers!
Nikkei (15/11/17) *Our Sell Setup is paying us wellDid you follow our previous analysis?
We are in the BEAR mode and it is getting more obvious.
We suggest you to stay in BEAR side.
If there is any swing up, 22600 to 22800 region will be a good resistant regions.
Trade Safe,
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes, and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery is not responsible for any liabilities arsing on the result of your market involvement or individual trade activities.
White House investigation is back to headlinesAsian markets gained on Tuesday dismissing weak factory data in the Chinese economy while the dollar has decided to hold up with growth, as the investigation into Russia’s meddling wth the US presidential election led to former campaign manager Manafort charged with money laundering and tax evasion, promising more intriguing data on possible POTUS collusion with Russians.
«Hunt for Russians" has long been a wandering pain for the US currency, eroding its strength time to time. This time investigators reached lobbyist Paul Manafort, former head of Trump's election campaign, charging him with conspiracy, money laundering and tax evasion. The Democrats hope that Manafort and his team members will prove to be a weak link in Moscow's involvement in the presidential election, as the long accusatory list promises many valuable details and possibly cooperation on his part.
The Korean KOSPI index rose 1% to a new high after Seoul and Beijing made concessions to each other on the deployment of US air defense in South Korea, which China regarded as a violation of the military balance in the region.
Wall Street retreated from the highs of Monday upset that US lawmakers can switch to the path of gradual changes instead of a one-time cut in the tax reform which is currently under discussion. Stock markets met the news swaying at record highs, what led to decrease to a more stable levels. The dollar witnessed some selloff for the second day in a row after the rally rested in a 3-month high at 95.00. Long positions from current levels may be unsafe, since the US currency will probably experience a more serious pullback on the White House investigation before rising again on expectations of reflation.
The US currency was also under fire on reports that Trump will opt for Jeremy Powell as next Fed fead, not quite market-friendly candidate, who is regarded the most dovish candidate among all. His most likely competitor to this position is economist John Taylor, known for his Taylor rule in the matter of the pace of money supply expansion in the economy.
The Japanese yen slightly reacted to the CB decision to keep QE unchanged, while the inflation forecast for the current fiscal year was reduced, which became a bearish signal for the yen. Markets hoped for QE cues from the board newcomer Gushi Kataoka, who last time took swipes on the absence of changes in bond-buying program. However, he limited himself to the statement that the Bank of Japan should make it clear about its commitment to stimulate economy in order to maintain the yields of debt market at a key level of 0 percent.
The Bank of Japan still hopes to achieve a target inflation rate of 2% by 2020.
Arthur Idiatulin
NIKKEI / M1 : approaching a massive technical resistanceThis analysis shows that several Elliott wave counts might be about to reach an end point soon (it's monthly based to this could take up to a year or two)
But if we compare this analysis to the one I made on SPX earlier something ticks me up. We seem to be far ahead on nikkei regarding the cycles development.
I'm wondering if the next crisis could come from Japan instead of Europe or China as most investors would bet on nowadays.
Today Nikkei is by far the most bullish index but my analysis tends to say it could also be one the first to reverse for a bearish corrective in two waves.
I'll closely have a look at what prices will do when entering this cluster area slightly above the current prices.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
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.