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JPYBASKET

JPYBASKET potential for bearish dip! | 30th March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 8467 in line with 78.6% Fibonacci Projection towards our Take Profit at 8096 which is a graphical swing low. Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET potential for pullback! | 25th Feb 2022Prices are consolidating in a parallel channel. We see the potential for a dip from our sell entry at 9132 in line with graphical overlap, 38.2% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 9051 in line with 127.2% Fibonacci extension. RSI are at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET potential for pullback! | 22 Feb 2022Prices are at a pivot and on bearish momentum on a bigger timeframe. We see the potential for a pullback from our sell entry at 9130 in line with 100% Fibonacci extension and also graphical overlap towards our Take Profit at 9048 in line with 61.8% Fibonacci retracement. RSI are at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by FXCM
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by Rockqet
JPYBASKET potential for bullish momentum! | 18th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a buy entry at 9029 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our Take Profit at 9116 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud and also RSI is showing bullish momentum, further supporting our bullish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by Rockqet
JPYBASKET is on bearish momentum! | 14th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 9064 in line with 23.6% Fibonacci retracement towards our Take Profit at 8992 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance and also RSI are at levels at dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
GBP/JPY - SELL - @TradersLounge.USHello everyone! Here's my analysis for GBP/JPY! 4H/2H - Price broke this trend line on 1/28. We broke right back above it too. I am currently seeing a bear flag on the 4H. I'll be looking to sell if price will break through the 155.xxx level to tap GZ and then start heading back down. 1D - Price still has room to move up to GZ. Although, I am seeing a reversal pattern, tweezer top, as well. If price breaks trend line again, I'll be on the lookout for the sell as well! Let me know what you think! Miajah Lead Trader @ Trader's Lounge
Short
by miajahmarable
CADJPY: BREAKOUT DBW, LONG POSITION CONFIRMED AGAIN?Hello Enthusiast Forex Trader! Here's short-term outlook for CADJPY , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) *CADJPY is breaking out of descending broadening wedge on m30 Timeframe *Descending Broadening Wedge is continuation pattern that could be a sign of potential bullish movement in the future. *Furthermore, CADJPY still moves above the EMA 200 which indicate a prevailing bullish bias *MACD indicator starts already cross above the zero level area, that signify the stronger bullish momentum may remains in the future. The roadmap will be invalid after exceeding the support/target level *DISCLAIMER: This isn't a recommendation to buy or sell forex pairs,only an Outlook from technical perspective.
Long
by financialfreedomgoals101
5
JPYBASKET: STRONGER YUAN, THE EFFECT OF TAPERING?Hello Enthusiast Forex Traders! Here's Long-term outlook for JPYBASKET , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) JPYBASKET is breakng out of the Falling Wedge Pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator already crossed up toward the zero level area, it could indicate a stronger momentum going upward in the future. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the any forex pairs.
FX:JPYBASKETLong
by financialfreedomgoals101
USDOLLAR: BULLISH BIAS, SIGN OF STRONGER ECONOMY?Hello Enthusiast Forex Traders! Here's medium-term outlook for USDOLLAR , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) USDOLLAR formed a trendline false break on h1 timeframe. Afterwards, USDOLLAR already broke out of the Falling wedge pattern.The MACD already crossed upward above the zero area, it signify a probability of potential breakout in the near future. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
FX:USDOLLARLong
by financialfreedomgoals101
2
JPY BASKET Where next ?Hey there everyone, A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation Although waiting for more from the yen may be tempting to make more pips however this seems unlikely as price has been on the rise the whole week So we have 2 scenarios in mind : 1-This is just a fake-out which will be confirmed by returning below the previous resistance and trendline as we are at: #Fib level 0.786 #Long Upper Wick #near 100 EMA #approaching overbought area on HTF 2-A break-out in progress AFTER we complete a short term retracement to retest the broken structures during the next week near Golden Fib levels and the 100 EMA + 20 EMA Crossing the 50 EMA Targets will be 1-Continuation of the Downtrend since 2021 making a LL below 9000 within the next couple of months 2-First one will be the previous zone of resistance at 9400 to 9450 Next one will be around 9550 $$$ THE COLOR CODING SYSTEM $$$ Violet : Weekly and Monthly Red : Daily Blue : Hourly Thanks for your reading and wishing you all a good weekend
FX:JPYBASKET
by kimozelghonemy
FXCM's JPYBasket Testing EMA on WeeklyThe FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see if it is able to maintain its bullish momentum. If the basket is able to stay above the black EMA and the EMA turns up, it will be regarded as a bullish development for the basket.
FX:JPYBASKET
by FXCM
2