JPYUSD
USD/JPY, Daily Chart Analysis 8/1Implications and Outlook
1. The Japanese Yen remained on the back foot following the BoJ (Bank of Japan) pledged to maintain rates of interest extremely low in the meantime - right after its most recent policy assembly on Tuesday.
2. Even though the rapid climb looks to be moving ahead of itself, there isn't any indication of lack of strength at this time; then there is scope for the present currency muscle to keep to extend toward Key Resistance 112.870 .
3. On the downside, Key Support is at 109., but the only break of Mean Support of 110.990 and Mean Support 110.440 would suggest that the major short-term top is in place by fulfilling Currency Dip 109.900 .
4. Current Currency Strategy Bias: Bullish 70 / Bearish 30
USDJPY BULLISH DIVERGENCE ON HORIZONUSD/JPY on road to recovery after short term downtrend as STOCH RSI indicate along with other indicators such as MACD and ICHIMOKU Cloud
JPYUSD - Weakness continues to dominate as new lows formThe JPYUSD chart presents an interesting formation in regards to Elliot Wave formation and Fibonacci price theory. One could argue the current lows MAY form support given the past price action. Yet, I believe this weakness in price will likely continue for some time forward as I don't see the Japanese Yen developing any true support at this time.
The dynamics at play in the global markets are that most foreign currencies are considerably weaker than the USD. Thus, until some dynamic changes where the USD strength is perceives to be weakening or the individual market for the regional currency is perceived to be an opportunistic buy (think Brazil), then overall weakness will likely persist.
I will be posting a series of currency chart updates over the next few weeks for those that are interested. If you like my other charts, follow me on TradingView to stay aware of my posts/comments.
USDJPYHi Guys,
As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here:
We are still in play like what i expect and close to an important moment now.as you see in main chart we are still in bearish wedge and near to testing that triangle as support.This test can show us what will happen in near future.
After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility:
I will update it as soon as i find new sign.
Good Luck
USDJPYHi guys,we have a short term look at USDJPY and a long term prediction.
As you see in my chart i have a bearish wedge in blue that show it's time to short but in other hand i have a long term Symmetrical triangle that is a continuation pattern,we had a break out of it but one of the important part of these triangles is fake break outs.
So my first target is 111 in favor of bearish wedge and after a test of triangle as a support maybe we continue upward to black dashed line but have many resistance in way and i think we will break triangle and enter that again.
I will update this post with any new sign but what i'm sure about it now is a little drop from this area.
If you want to short don't forget stop loss.
Good Luck.
JPYUSD - Back in trading rangeJPYUSD has been trading in a specific range (0.00873 - 0.00925) for quite some while. It tried to break out of it, however bears pushed it back into it. Since being back in the range, it has tested to top of the range again and immediately got pushed down. This is where I entered the trade. I can easily see us pushing towards the bottom of the range again the upcoming months.
If this trade succeeds, a good profit will have been made (~2000 pips).
If you look at the Stoch RSI on the daily chart, it's oversold.
If you look at the RSI on the daily chart, we just bounced of a trend line.
Trade with caution.
USDJPY - Bullish buy signal off of key supportI provided analysis two week ago where I laid out a case to go long on a pullback to the 109 region. There were two ways to trade this, either a more risky zone trade or waiting for a price action setup to go long. Price did reach this zone and then formed a double inside-bar pattern that broke out very strongly to the upside. Looking ahead I will be watching to see if price pulls back to this 109 zone again for a second chance to go long, or if price shoots off in a very bullish manner I will be watching for any pullbacks in price to get long with the overall trend.
USDJPY analysis on the M30 chart for short termUSDJPY M30 chart
As the short-term indicators show decline but the uptrend will continue in the daily terms.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Weekly overview USD & EUR pairs. Short everything. No survivors.LEAVE NO ONE ALIVE!
Everything but the USD is going down. JPY less weak than the rest.
They do not care what they sell, people want to sell.
It has started.
*** EURUSD ***
Trend: Bearish.
Recommendation: Short if we go up. If we go to 0.5 fib where the 100WMA and 200WMA are and the daily RSI < 30, go long.
*** AUDUSD ***
Trend: Bearish.
Recommandation: Short only (in particular on 50DMA & 100WMA).
*** GBPUSD ***
Trend: Bearish.
Recommandation: Short. If it goes to 0.618 with Daily RSI < 30 go long.
*** NZDUSD ***
Trend: Bearish.
Recommandation: Short only.
*** USDCAD ***
Trend: Unsure.
Recommandation: Avoid.
*** USDCHF ***
Trend: Bull.
Recommandation: Long only. Long it if it goes to 50DMA & 100WMA.
*** USDJPY ***
Trend: Short term bull going back to bear main trend, or bull trend long term start.
Recommandation: Avoid for now.
*** EURAUD ***
Trend: Short term bear, long term possibly turning bearish too.
Recommandation: Short it if Daily RSI recovers and resistances are close.
*** EURCAD ***
Trend: Short term bear, long term possibly turning bearish too.
Recommandation: Short. Long on big supports if it is oversold.
*** EURCHF ***
Trend: Short term bear, long term possibly turning bearish too.
Recommandation: Short. Long on big weekly MA's if it is oversold.
*** EURGBP ***
Trend: Unsure.
Recommandation: Avoid.
*** EURJPY ***
Trend: Bearish.
Recommandation: Short. Long it on 0.618 fib & 100 Monthly MA.
*** EURNZD ***
Trend: Start of bear.
Recommandation: Short & long... There's supports and resistances all around...
JPYUSD, BullishIt's been a choppy few years, but I believe JPYUSD will ultimately return to the uptrend range that has been established since 1986.
I don't follow market news very closely, so I would appreciate any feedback on market news that points in the other direction.
JPYUSD SWING SHORTof all the major USD pairs this one appeals the most as it has time and fibs
small risk - SL 30 pips
USDJPY SHORTUSDJPY Short Price have reaches level of resistance. RSI overbought on Daily TF. Double top on 4h TF with divergence. DXY, JXY have been trending in my opinion trend continuation could continue. GOOD LUCK
DANGER FOR EVERYTHING AFFECTED BY US DOLLAR STRENGTH!!!Dear friends, as we can see, the dollar broke out of a year-long-term bear trend through a rectangular type consolidation and is now extremely bullish. I expect commodities to suffer. This includes oil, gold and all precious metals, all foreign currencies are at risk. US stocks potentially at risk!
USD JPY top of trend. Short opportunity.This pair has been bouncing within this channel for a while and should drop after this peak. If you also look at the weekly chart it has reached a point of resistance.
USDJPYKnight:
An long term downtrend channel is solid, giving us a good SL level.
short when the price testing the channel
TP1 106.1
TP2 105.5
USDJPY short on tendline break.The price is trading within a strong structure and the price has been capped by a descending trendlin, political tension in the US in weighing in on the USD.
Time to buy USD/JPYwww.tradingview.com
Time to set the position in the pair USD / JPY -0.09% came. I recommend that you start buying US dollar against the yen. While carefully, you need technical confirmation or easy panic, which will send JPY to level 104-105.
The widespread avoidance of risk has provoked large players to liquidate part of their positions in stock assets, and along with this, a wave of sales in the US debt securities market swept. Managers had a "free dollar" on their hands and they, as if on command, rushed into defensive assets. As you know, these very assets on the market are not so many, but liquid ones capable of absorbing a huge financial flow of a unit, and in a compartment with a huge alleged US budget deficit of 1 trillion. $, market participants amicably understood that the weakening of the US currency will continue.
In such a situation, it remains to wait a little and begin to pick up the cheaper USD, since a strong Japanese currency and a very weak American currency is unprofitable for both states, and soon it is necessary to wait for at least verbal interventions from the FRS and the Bank of Japan.
Japan's stock market may be poised to break higherThe chart shows monthly bars on the NIKKEI 225 future. The index is returning to the 21000 key level, a level its failed to surpass since 1992. Price is above its 52 week Moving Average, and momentum is up for the only second time since the 1980's.
Whilst the rest of the Worlds post Global Financial Crisis recovery began in 2009, Japan's was delayed until the massive stimulus by Prime Minister Abe in 2011. This was offset by a JPYUSD fall in almost perfect sync. Interestingly the recent rally in 2017 has been positively correlated to JPYUSD, demonstrating that the rally is driven by higher inflation and growth expectations, building a solid case for further gains.
In summary the case for a Japan bull market is:
1. Improving earnings outlook with a strengthening domestic economy
2. Currently attractive equity valuations compared to developed market peers
3. Inflation picking up
4. Continued monetary stimulus
