Following the Fed, the Banks of Japan, Switzerland and England announced their decisions on the parameters of monetary policies. They keep interest rate steady. Accordingly, there were no large movements in the pound, yen and franc parities. Although it is worth noting some strengthening of the yen following the Bank of Japan decision. Kuroda (the head of the...
After some positive news from Moody’s last Friday on Italy the headlines are starting to fade making this morning a great opportunity to start getting short EURUSD and EURJPY around current levels. The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have...
FX:USDJPY 1)Bearish as price actions keeps drifting lower below 50-EMA 2)Kuroda's YCC is a joke! That's all it is. Mother forgive...
Now looking for set up and second entry on this pair, the upside movement yesterday is just part of the natural movement, also part of my last plan for this pair in November 2nd. Target still the same. Have a Good Weekend! Cream Live Trading, Cheers!
Looking for set up on this pair, after a quick rally just for speculation and some newbies from Europe's Bank who put too much money on it misleading calculation, this strong pair is now into Chinese shoes and that's the reason why is not going down as rejection, 'cause already broke the zone. However market's pressure is bearish. Have a Good Weekend! Cream...
Nice Hawk to ride on. Almost ready to pull the trigger. Easy but slow movement with Target around 142.260. Converge with YEN majors pairs. Have a Good Trading Week! Cream Live Trading, Cheers!
This Pair is struggling a bit into this level, but has a large downside potential to pull the trigger, sell an hold 125.062 seems to be a clear level to find rejection so good to close position then. Convergence with GBP and USD. Have a Good Trading Week Cream Live Trading, Cheers!
Big possible short position on FX:USDJPY this pair is showing something else that numbers doesn't match in the equation, this is a warn issue to consider, 'cause seems to be hard for the pair do what it has to do, that's why I draw a vertical line in case of price should touch that levels into that period of time. In case it doesn't we may see a big impact news...
We can see strong support at 132.3 respected throughout whole last week where last daily candle indicates bullish engulfing Each of last 5 days has higher highs and higher lows - we can sense decent bullish momentum starting here
roadmap for the next four months or so keep crankin those rates yellen! if the fed starts reducing the balance sheet faster than expected, the markets would capitulate. in any case crypto seems a good bet given draghi and kuroda literally cannot stop printing money. inflation will hit us eventually, probably 2019-2020. then we'll have transitioned to an era of...
OANDA:USDJPY has consolidated for a few days already and failed to retake the 112 level. With a series of lower highs, the supply resistance level is slowly going down to meet with the Weekly 200MA support. Its possible it might find support at the Daily 200MA level as it was able bounce off it from the previous downleg. In my opinion it might still test the...
EURJPY clearly bottomed after approaching weekly support. I think this pair will offer a good proxy for a volatility short, if that's your thing. Maybe we have a major bottom in this, a top in VIX, gold, and a strong rally off the pullback lows in $SPY. Best of luck, Ivan Labrie. P.S.: don't forget to thank Haruhiko Kuroda if this works...
OANDA:USDJPY looks like its bouncing back up after a severe downmove forming a nice channel. 4H Timeframe View: It was able to pullback and even retest the 20MA in the 4H timeframe so it will be great if it touches the 50MA(yellow line) and hold above it for a confirmation of the short term uptrend. Long: 111.342 Stop: 111 It might still pullback to test...
FX:USDJPY broke the 50DMA once again and looking bearish in my opinion. The breakdown and downtrend is also supported by the moving averages on the hourly timeframes. Don't have any big positions as I expected it to retest the 114 breakdown level but it didn't happen 4H Timeframe View: FX:USDJPY tried to break the 200MA but it failed and continued its...
FX_IDC:USDJPY looks like it got rejected by the daily 50MA courtesy of Janet Yellen. As long as the bearish momentum continues, its possible that we may retest the daily low once more completing the handle before NFP/FOMC. Entry: 114.241 SL: 114.5 TP: (tp1) 113.5 (tp2) 112.7 (tp3) 111.6 Any feedbacks are appreciated!
FX_IDC:GBPJPY looks like its consolidating for a breakdown but its holding up pretty well this year. No positions as of yet but if this pair is indeed going to breakdown in the near future then the best short entry points is right along the Daily 50MA/Triangle resistance if it reaches that level. Any feedbacks are appreciated!
FX_IDC:USDJPY completed the handle of the Inverse Cup and Handle pattern and its now testing the previous daily low. If FX_IDC:USDJPY breaks down then it should retest the daily support turned resistance as the 200MA Daily, 50/200 MA Weekly, 50/200MA Monthly Moving Averages should provide support for the price to bounce. If it bounces from here then it needs...
After it broke and consolidated above 113, FX_IDC:USDJPY is looking to be another good long. Let's see if it can challenge the previous high at 114.8. Entry: 113.251 SL: 113.2 (Changed to break-even 113.3) TP: (tp1)113.9 (tp2)114.45 (tp3)114.8 Any feedbacks are appreciated!