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USDJPYI really believe that this is a bear flag and this is the final touch at the resistance trendline before we can see some downside movement in this pair and the Elliott Wave corrective pattern ABCDE is officially done for now and we should see 5 impulse waves to the downside. If the price manages to brake the support trendline it will continue to fall even more. The first area of support from here is the 108.465 area where we could see many confluent price actions in that region. A close below the 109.70 would signal to the bears to activate their short positions. - The MACD Histogram starts to level off and I anticipate it to curve to the downside soon enough. - The RSI is not in the overbought region but I anticipate it to curve to the downside if the bearish momentum continues. !! Make sure that you make your own analysis before entering a trade and always be cautious in the market. !! This is not financial advice and it should not be taken as such.
Short
by monssonalma
EURJPY Long IdeaHi everyone, with the next trading week coming up, and market opening tomorrow, here is a trade idea I've got for you guys. EURJPY Long Fundamentals: EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the first week of January 2020, JPY is bearish Technicals: I do see a good entry point here, retraced to 61.8% level, getting rejected a little bit, so all depends how market opens tomorrow on Sunday, might be a good addition. As always, I might make mistakes, nothing is 100% so please be sure to comment your opinion so we can discuss. I am open to any discussions and any opinions.
Long
by jimnakmtl
Johnson's resignation, "Japanese disease" & oil The US dollar value is growing in the foreign exchange market. Although we do not agree with the current dollar state, however that what is happening. We are conscious of the futility of trying to go against the market will, but the sensation of the illogical nature of what is happening and the current dollar value still does not pass. So today we will continue to sell the dollar. Recall that partly the strength of the dollar is in the weakness of opponents. Yesterday, for example, weak data on the leading Eurozone economy came out. Germany now not only has negative economic growth, but also a decline in inflation. And this is already a completely bad signal. Something similar was observed in Japan in the 90s (“the lost decade”) and was called “Japanese disease”. So it seems like Germany has caught the same virus. This is also supported by the fact that leading economic institutions are going to lower forecast for 2019. In this light we sell EURUSD. This week, British Prime Minister Boris Johnson may well get his vote of no confidence, and Britain will finally plunge into the abyss of political chaos. Which, will quickly turn into economic chaos. At least yesterday's data on UK GDP (the indicator fell by 0.2% in the second quarter) shows that, as do polls by British companies that are rapidly losing faith in the country's economic prospects. In general, the pound also has reasons to decline. But on the other hand, do not forget about the rule that has been developed recently: "Johnson’s weakness is pound’s strength." buying in the area of 1.2290 and selling with 1.2350. In both cases, we set the small stops. There was an increase in sellers in the oil market yesterday. In this case, everything happened according to our forecasts and expectations. As a reason for oil sales, there were conciliatory statements from the country of the Crown Prince of Saudi Arabia in which he stated that "A bad peace is better than a good quarrel." That is, he confirmed the information that the Kingdom does not want the conflict to escalate. As a result, the third quarter was the worst for oil in 2019 (prices fell by almost 9%). Our recommendation for oil is unchanged so far - we sell oil. Sales target - bottoms $ 51 (brand WTI). Precisely because of the peace-loving crown prince, gold yesterday went below 1485. For us, this is a kind of watershed. While gold is below this mark, in our opinion, bears control the market situation. And this means that today we will sell gold with stops above 1285.
FX:XAUUSDShort
by Trade24Fx
EURJPY needs a confirmation candle before tradingEURJPY is still on the bearish formation, however it doesn't mean that you should sell because I said it is overall bearish. What I am trying to say is this pair needs to have a confirmation candle before trading, because you are gambling if you are just trading without knowing what you are saying. Hopefully news tomorrow will give this pair some insights which will it go for the week. Get our free signals here: t.me Like us on Facebook: www.facebook.com
by NathanielRondon
Overall view of USDJPY107.900 level was attempted to be broken downward several times. Prices are around a strong support zone which contains the hypothetical low of the year (The real low is 104.830 due to the gigantic 400 pips fall of January 2nd followed by a massive reversal to the concerned zone). The odds of an upcoming bull run are average to low. Market has been ranging for a while, in preparation of an eventual volatility. Possible targets : @109.180 (+80pips), @110.000 (+160 pips) and @110.500 (+210 pips). Advice : Stay bullish and buy at any low point while we don't break the support zone or 107.900 bottom level. We are close to the bottom level and markets are ranging so the risk is low. Correlated pairs : CADCHF (92.9%), XTIUSD (89.3%) and XAUUSD (-79.7%). We are more likely to experience a ranging market near its bottom as with the CADCHF and XTIUSD. XAUUSD is spiking, therefor this increases the odds of a retest of the bottom levels of the inversely correlated pairs.
Long
by Theperfectionist
FTMBTC Looks like its a go across all time frames!!WHen looking at the FTM BTC chart starting off at the 4 hour like I normally do its building up with perfect percision. Its got the proper cross over, momentum, and as I lower the time frame the formation continues to grow the same forming a perfect coss over and cloud break formation. THen when checking the MACD, RSI, SAR, Williams Alligator, and its seperation from the 8 EMA seems to be saying its a GO! I will be going long here with these as my Take Profit Regions TP1: 0.00000340 TP2: 0.00000360 TP3: 0.00000380 Enjoy and Happy Bidding everyone!! And a shark pattern forming in the picture above
Long
by gunbot_scooby
Ueki Corp - points to significant Japanese equity undervaluationShort term - short (but not in a position so just waiting), Medium + LT term long. Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value. I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will likely buy because: - Ueki's market cap, for example, is almost 63% lower than its net assets. Compared to U.S. equities that is comparably significantly undervalued. As at December 2018 the average S&P 500 price to book ratio was 2.8 (and this was AFTER the December price drop). Compare that to a P/B value for Ueki of 0.35. i.e. The Company could be liquidated now and would return significantly more than the current price per share to investors. - Investment Banks are entering long the market - seeing the market as oversold: www.cnbc.com I also read an article a while back that said Morgan Stanley is advising clients to exit US equities which will cause many to look elsewhere in the US and overseas for better value risk adjusted returns: www.investopedia.com I'm not sure if that is the one though, - Likely due to having been in a 30 year bear market, the Japanese equity market likely has, on average, less downside risk as compared to US stocks: www.bloomberg.com - My TA points towards a significant appreciation of the JPY vs the AUD, USD, and EUR. If this happens, any returns will magnified. Despite its significant debt load (230% of GDP+) Japanese citizens are willing to take a financial hit buying government bonds with negative interest rates in order to support their Country. - There are likely better, if not more undervalued, equities out there than Ueki. I feel encouraged to search for some deals. Thanks for viewing
1
by flyinkiwi10
Possible buy zone Sumitomo MitsuiWhile 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty). Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the Company a bit more in-depth should it hit my price expectations. Short-term bearish, yet for form a medium term view based on fundamentals.
1Short
by flyinkiwi10
Fudo Tetra Corp 1385Hello, I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look. Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily. I am not sure chat would cause an increase like that at this stage as I haven't looked deeper into the Company than the chart but will if my targets are met. Thanks for viewing.
1Short
by flyinkiwi10