JPYUSD
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 !!
WHEN THE BOUGH BREAKS, THE DOLLAR WILL FALL......and down will come DXY, 30 percent and all!
This is not financial advice.
USDJPY Chart Patterns: Daily Timeframe AnalysisConclusion for today's USDJPY technical analysis: A break below 104.84 price level is bearish for the USDJPY.
The Daily timeframe chart is examined in today’s USDJPY analysis with over 2 years of data presented.
A bearish trendline is drawn on the chart helping to indicate the bearish sentiment in the USDJPY for over 2 years and 10 months since January 03, 2019.
Also drawn on the chart is support level at ~104.84 which has been tested twice in the past and most recently on the 23rd of August 2019.The bullish swing in price since testing support on August 23, 2019 met with resistance at the 200 Day moving average of the USDJPY.
Additional evidence of resistance is also provided by price between 109.827 and 109.174 where a change in polarity is present (i.e. former support turning into resistance). The long term bearish trendline and support level at 104.844 combined together can also be thought of as a descending triangle chart pattern (ideally bearish).
The chart pattern in this case will be confirmed on a close below the lower boundary at 104.8g44. In such a scenario, the USDJPY can be expected to sell off for weeks, if not months.
Price closing above the 200 moving average on the other hand argues against any bearish bias and a close above 109.827 provides added bullish sentiment in the USDJPY.
usd/jpy - long everything on the chart indicates that this week will be successful for usd paired with jpy
JPYUSD M CHARTJPYUSD M CHART
SE ESPERA UNA ULTIMA CORRECCIÓN EN LOS SIGUIENTES MESES, CUANDO LA TENDENCIA ACTUAL ROMPA LA BASE DE LA LINEA CELESTE EMPEZARA LA TENDENCIA A LA BAJA, SIGUIENDO LA DIRECCIÓN DE LA FLECHA AZUL.
------------------------------------------------------------------------------------------------------------
A LAST CORRECTION IS EXPECTED IN THE FOLLOWING MONTHS, WHEN THE CURRENT TREND BREAKS THE BASE OF THE HEAVY LINE START THE TREND TO THE LOW, FOLLOWING THE DIRECTION OF THE BLUE ARROW.
EU on it's bullish trend. Here's a trading plan. Previous Analysis on EU
In my last analysis, I have called EU have made short term top and will correct to the price level where Euro is at right now.
The big idea is though that Euro is on a run and we want to get a piece of it. The current support level could be a solid support to trade on short term.
While I do not recommend committing fully at this level, it's worth to test water and see how it goes.
As I have drawn on this chart, there are multiple way this can go, but the bottom line is support around 1.107 level should not be violated on daily candle.
As long as we keep our chart steady as explained, Euro should remain bullish and its worth a long bet.
One thing to note is that Global Recession could be near done (based on statistics) and we could take current phase as "Weakening Dollar Phase" as dxy has violated
very important support level. My idea on dxy could be found here .
Please note that this is not a TRADING recommendation.
Thank you and you all have good luck with your trading!
USDJPY is waiting for a good BULLISH momentumUSDJPY may kiss the key level points at 108, 107.8, 107.5 to gather enough strength to hustle upward upto 109.25 or even higher upto 109.75 level
short goldas shown two triangle converge and give a perfect short opportunity for gold remember money management is key
$EURUSD - Time to open Buy ? WatchingNOTE:
These are just my opinions. My messages or chart analysis are
NOT intended as a recommendation to buy or sell any FX, cryptocurrency or asset.
Do Your Own Research.
USDJPY BEARISH PLAYUSDJPY has given a double rejection on the trendline after the bulls had a go and failed again between the 108.000 & 108.500 range. The bears are in and ready to stay. Looking for shorts in the smaller TF
USDJPY forming bullish butterfly | Upto 12.5% expected.After formation of successful gartley pattern priceline of U.S Dollar / Japanese Yen Forex pair is forming last leg of bullish butterfly soon it will be entered in potential reversal zone.
MACD is still bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 101.950 to 98.515
Sell between: 104.640 to 111.119
Regards,
Atif Akbar (moon333)
test trial 3 pairs eur/usd gbp/usd jpy/usd on usa newstest trial 3 pairs eur/usd gbp/usd jpy/usd on usa news.
The strategy is to go long on the 3 pairs mentioned and wait to be profitable.
A potential double bottom The price is no longer LL. So, we suspect, it could be a potential double bottom. However, it hasn't broken the neckline yet. So, let's wait until the price get above the neckline, and pullback. Otherwise, it could turn into a triple bottom or just continue to go down.
