MASSIVE LONGA massive buying zone for bitcoin near a
Great support level. Load on bitcoins while you can cheaply. Tend lines on Monthly charts are formed by big money and take even bigger money to break. So, as the saying goes, follow the money.
JPYUSD
Big Picture: $SPX, $VIX, 10YR, $AAPLThe Dow just closed 10%, making it the largest single-day point decline since 1987.
The main issue I have with this though is, there is no catalyst in the near-term to reverse things. The selling really just compounds on itself now. Very little of this actually correlate to underlying fundamentals... which is even more worrying.
Meanwhile, the dollar remains surprisingly strong relative to other countries, though, versus Asia basket, we are getting kicked.
Guess we'll just be waiting for ol' J.P. to take the stage next week. The $500M repo is a great starting point, but it's really going to take more than cash infusions to stop the pan(dem)ic.
www.reuters.com
USD/JPY (LONG) - Technical & Fundamental AnalysisI will be looking to enter a long trade within the purple box which is a key daily zone that has previously acted as a resistance for price and we are now looking for it to act as support.
We have added confluence to this trade via the blue trend line which we can see has previously been well respected and therefore this increases confidence that this will serve as an area of support.
Fundamentally, we have seen the dollar finally start to show some weakness today following the steep decline in US equities caused by the growing market fears of a Corona Virus pandemic. However, it is my view that this will be a short lived decline for the dollar. It is still perceived to be the strongest economy in terms of weathering an economic slowdown should the virus continue to worsen. The Yen on the other hand is facing a weakening economy which will only get worse given its closer exposure to China, therefore this correction is USD/JPY is likely to be short lived and we look to take a long position using tech analysis to find our entry
JPYUSD Third leg M in productionDaily Chart:
Price action is touching higher timeframe trendline en will have higher probability to come down again.
Also M in production to produce its third leg down.
With Fibonnaci in place, my projection TP is back down to the 100% fibonnaci.
Wait on Price action on the 1 Hour Time Frame. (Sell position)
Bullish Triangle Breakout!USDJPY is breaking out of the symmetrical triangle on monthly chart as I'm typing this idea targeting 134.
Cheers!
JPYUSDFriends, please before reading, support this idea with your Like and any Comment, thanks. We can open short on JPYUSD or long on USDJPY
USDJPY Symmetrical TriangleSymmetrical triangle can be seen to have formed, a successful descending scallop has led to this formation. Pretty bullish setup. 200MA will act as support or the downfall for this setup.
USDJPY Symmetrical TriangleUSDJPY has formed a symmetrical triangle which may lead to a bullish breakout. Other chart patterns present include a successful descending scallop, which led to a large bullrun.
USDJPY approching buy zone NOTE: its best to wait for more confirmation...we must see if it takes support 1 or 2.
if it goes to support 2 maybe support 1 becomes resistance.
USDJPY is approaching the 1st buy zone. if it takes support we can expect a bounce up to 1st or 2nd resistance. if it breaks above 1st resistance then move sl on it and move tp to 2nd resistance (my opinion).
JPY/USD Bullish JPY/USD is in a reversal zone.
This is a great entry point as after a bullish divergence we have an inverted hammer Doji confirming the reversal. currently, JPY/USD is respecting the Ichi cloud but the momentum is building so with the next attempt JPY shall resume this uptrend.
USD is weakUSD is still hanging at the resistance level. but still, the price need to be break after its break the trendline. just some easy and understandable information.
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( Azuan )
DXY after Correction Downtrend DXY after correction Downtrend I Hope Like that If you Want Look Market Structure It is Same Like that So I Hope you Great Week
But F:G this is A Market Always Be Carefully Good night Guys
Nikkei USDJPY ratio at a very significant levelTVC:NI225/USDJP is at the same level it was in 1991,1995,1997,2018. The horiztontal trendline extends from 1990-2019 nearly 30 years. A closing above this trendline on a monthly basis will signal a bullish scenario in the Japanese stock market in my opinion.
JPYUSD take swing long and enjoy JPYUSD ready for swing long , target and stop as mentioned in the charts.
Good opportunity for traders to take long and hold for few trading session.
All the best !!
