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Neutral

USDJPY - Neutral - Pre Data ReleasesWe have changed our long term short USDJPY view to neutral as the currency pair has strengthened in recent weeks despite anticipated US stimulus and the continued impact of the coronavirus. USDJPY has consolidated above support at 103.6 and appears to be one course to break through resistance above 105. We await Japan 4th quarter GDP growth later today and key US data including retail sales and FOMC minutes next week for any significant price action.
by KQMarkets
EURUSD/1Day Candle of February 9th SHOWS A BREAKOUT from strong resistance line that now is a support one. It seems this candle went out of another resistance line more than 50% and so, I think price will be able to reach to upper line that named strong resistance. Primary resistance is down trend line and secondary is consolidation area in short term as well as you see that price made a good candle above of MA 9 DAYS. So, for neutral I expect that price will kiss its STRONG RESISTACE LINE for 2nd time. This idea will be update if price take another method for its way.
by SadeQ_Qiassi
1
NZDJPY - POTENTIAL LONG AREAI am currently neutral on NZDJPY because I prefer following the overall trend and this trade would be countertrend. NZDJPY seems to be forming a great FLAT PATTERN. I will be looking for a LONG position between 73,600 and 73,000. From my perspective I think the market will retrace until 73,000 because that would be 38,2% of Wave 3. Again , this might NEVER happen because this is pure speculation on a potential long area and that's why I won't take any short, the market could just keep going up and follow his uptrend from the current price. Normally Wave C is quicker than Wave B and Wave B took 21 days, so within the next month we should know if this setup will be ready. I will be posting another analysis about NZDJPY if the market reach the lower area as shown on this analysis. Trade carefully and be patient.
by jolicoeur342
1
[Market Breakdown 3] USDCHFUSDCHF was sitting at a very clear Supply & Demand zone, acting as support since September 2011 on the Monthly chart. This was our first indication for a possible Long set-up. Another indication is the -27 Monthly Fib completion, which means price can reverse heavily as banks/institutes take profit at these levels. It seems like it did reverse so let's take a look on the lower time frames to see what's going on. Of course we want some DXY strength for a long position on USDCHF.
by Pipjager
2