JXY
SellSell it; EUR is coming down because the European Central Bank is scaling back bond buying. Less bond buying means less cash supply in the economy = less government spending = less GDP output so therefore weaker EUR. And JPY is going to get stronger, but that depends on tomorrow's Bank of Japan's policy rate. Yay, economics with forex!
Bullish SHS in USDJPY!! After the MoM results published today in TVC:DXY , we observed a bullish movement up to 110.850 level, now we are facing a bearish move that help us to enter to this trade at 109.867.
We are also observing the same support / resistance tendency in TVC:JXY .
We will be able to enter to this trade with a total profit of 459 pips with only a risk of 40.
Safety Trade Folks!!
Regards.
Bruno Carrasco
USDJPY - Long Term Turning PointUJ has been in a relatively tight channel for the last few weeks on the daily chart and 4 hour chart, when looking at both the 200 EMA and the 1000 Weighted MA these actually split this regression channel right in the middle. Leading up to all the news Japan has tonight (7/20/17) any big shift in monetary policy will be the sword to free this currency pair from the squeeze its been in.
jxy short setup hello my friends ....
i will be analysis the jxy,dxy,exy for the next weeks first we start with
jxy
i am expecting a drop in jxy japan index price for the next weeks
This WeeK: Uncertainty => Yen Bullishness $JPY $JXYHey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.
Short Bias for the Yen This Week All Around $JPY $JXYHey traders, I like the yen short this week and potentially the weeks to come. Many EW counts leading to continued downside. Details and wave count on chart. Cheers
USDJPY Fibonacci-based Short entry * demo account trade *
Short entry at -23.6% retracement of a rolling Fibonacci pattern generated automatically. The Fibonacci patterns are calculated using Weekly bars, overlaid here on a daily chart. Supporting signals are overbought RSI and candlestick patterns. If price drops to 0% line stop will be moved to breakeven. If price breaks below 0% line, target is the 50% line just above 106.
Underlying currency indexes DXY and JXY are also at fib resistance (according to my personal methodology) and can be seen on the screenshot below. Also below is a 4 hour chart with 24 hour fibs showing this potential reversal in more detail.
Currency Strenght vs other currency basketsGood morning traders,
The DXY is the most common analysis of the USDollar but there are other symbols for other currencies.
From the chart I´ve created you´ll find historical strenght of a specific currency vs others, not a single one like EURUSD .
We can learn when to identify major shift trends
I hope it helps, if you like thumbs up :-) Feel free to comment
Regards
Josep Pocalles
