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USDJPY CONFIRM THE BEARISH MOVES (TECHNICAL ANALYSIS) USDJPY CONFIRM THE BEARISH MOVES it was noted that the ninja pair had been waiting for a confirmation in regards to pushing the price of the market towards the April 22, lowest point. However, It all a came out of the tight range momentum the market has been undergoing in the past few days, luckily during the London trading session on Wednesday the volatility of the pair has managed to escape out of the hand of weaker volatility and it regains strength which tends to be stronger than ever before. On the flip side, before the confirmation of the bearish move, when looking at the 4hour time Frame market players will noticed that there is a build up forming below the mid of the tight range price action, hence this build up should serves as a confirmation or an area of value where entry point and stop loss should be marked with. To be precise the price of USDJPY eyes a negative correction along the lines of the April 22 lowest price level which is recorded at 107.810. To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Short
by Theexcelentrepreneur
AUD USD ShortHello traders and analysts, We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily. Trade 1 has been taken, Trade 2 - un-activated - as price may attempt to settle around 72.XX Upcoming We will share our new analysis for DAX30 soon. We cannot see a specific level holding for the future. Why are we selling? Aussie budget looked to really help alot of average Australians, but failing for Queensland to open to NSW and Tassie, WA for freedom of complete movement will be damaging as Summer season comes. Stimulus is provided but Scomo's government is worried about the deficit. USD side: Price is volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <30 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well from a V - shaped recovery, too fast with big price action gaps. Dollar is strengthening. Shift in presidential change of power? Covid 19 - second wave has concerned EU governments - with further pumping of money to "control" the costs of job losses and curb closures. We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell this aligns with Commodity currencies like the Aussie. This is a long term sell. price can and will invalidate. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
GBPUSD-Possible Strong Bullish Momentum?-There are two ways in which we could enter this pair on which is either to enter on reversal to the demand zone -Or either we enter at the breakout of the 1.26133. -Either way there is strong bullish momentum indicated by the break of the ascending channel. -The 50 EMA is also showing the bullish signals for this pair. -We will have to wait to see how price will react to these levels and look for strong bullish candle confirmation for entry.
by LDForex_
USDJPY Retracement PossibilitiesWe have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the continuations upward). Dollar was hiding it's potential from the beginning and until it made mood to fall apart most of counter parts will suffer the pain I reckon.
Long
by jessi061
1
DXY Bullish BiasAfter the FED decision on first rate cut in over 10 years, cutting its interest rate by 25 bp and formalized the end of QT (Quantitative Tightening), ending the fundamental expected for the market to break the weak resistance level. Forming a strong bullish candle on the weakly chart and still having some clear room for more bullish momentum, where in confluence with MACD buying signal with Stochastic and RSI still not in overbought zone. Giving opportunities in major pairs for nice entries this week.
TVC:DXYLong
by OGFXTRADER
2
Aussie/Dollar: 70 Cents Rocket Launcher Towards 80 Cents?Hello my dear Aussie-Dollar traders & Forex friends, hope you're doing well mates! ;) First of all, let's have a look at the last analysis before I take the drawings away: => We can see that the Double Bottom saw follow-through, but obviously we're still grinding at the 70 Cent psychological, with the crucial resistance of the previous Descending Triangle at 0.704. => We're currently rejecting from this zone. If we break the 70 Cents down, we will look to build a higher Low compared to 0.685 on the weekly. Otherwise we will look towards a bounce from 0.685 On the other hand, if we can keep the 70 Cents range, we could look towards a potential break higher into the low 70ies. I wanna bring the monthly chart again to your attention: The 0.685 is a crucial potential Double Bottom on a much bigger scale , with the first touch back from 2015/16. =>If the bulls fail the react here, they could become toast and fall towards the 2009 lows. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Long
by Edgy_