JPYBASKET Weekly Analysis ⁉️Here I am still bullish as we can see the price to form higher highs and higher lows, so I am looking only for longs. The price accumulated into the range last week forming SSL and BSL (sell and buy side liquidity). I expect the price could break the range and take out sell side liquidity and reject from bullish orderblock to continue bullish move.
JPYBASKET
⁉️ JPYBASKET Weekly Analysis Here we can see a reversal, as price broke the structure and forms lower highs and higher highs. I am looking for a long position if the price rejects from bullish orderblock + psychological level 8100 + discount market on Fibonacci. This mean Long on JPYxxx pairs and Short on xxxJPY pairs.
LONG GBPJPY ✅✅✅Here I expect bullish price action as the price took out the liquidity below previous weekly low and rejected from bullish orderblock + institutional figure 162.000. Also we can see that the herd is positioned 67.37% on short, so our signal is long!!!
JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPYBASKET as we are in clear bearish market strucutre on the HTF(higher timeframe premise) price didn't made the bullish reversal i was expecting the last week. I think right now price is heading into sell side liquidity 8095 ALL TIME LOW, with that being said i dont think there is a good chance to enter SELL on YEN CROSSES such as EJ/AJ/NJ/GJ.
What do you think ? Comment below..
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.
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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.
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.
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.
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.
AUDJPY Bearish OutlookThe corrective wave of this pair is in the form of a contracting triangle and is looking to complete the wave E. Expecting price to be completely rejected at 78.6 Fib level and continue downwards to the trendline support.
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.
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.
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
JPY likely to MVE UP!Hey tradomaniacs,
JPY-Basket is re-testing a struong support-zone and should hold it in order to continue the trend.
Risk-Off in equities would confirm my expectations.
So far, a good risk-reward-opportunity!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
JPY BASKET LONGS 📉📉📉📉 Expecting bullish price action on this index pair as price is making a bullish market strucutre on h4 shifting the strucutre from bearish into bullish, we are retracing right now into a orderblock h4 area filling the bullish imbalance and taking out stops below 9000 important psycho level, if we have a h1/h4 bullish closure then we should expect a leg higher into 9100/9200
What do you think ? Comment below..
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.
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.
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.
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
jpy pairs....since jpy is strong what should we expect from xxxjpy pair???
next week would bring us goodies...
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.
