USDJPY: Trend is up nowI think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom.
I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications.
If you're long, hold and trail stops gradually.
Good luck!
Ivan Labrie.
Japan 225
AUDJPY Ready for a Sell OffAUDJPY has been in a downtrend for sometime now. We rejected the .618 fib level of the last leg and broke back thru support/resistance of 83.7. We're now looking for a retest of this level of the 1/4 hour and going to sell into potential new lows. Read my article about making 50% returns below.
anyhows.com
USDJPY to Resume LowerThe USDJPY has been in a downtrend on the daily chart and held the 112 area 3 times. We have now retested that level and at the .886 fib level of the last leg. Also, we closed as a daily pin bar as well. I am short now expecting prices to reach new lows, but will keep my profit target open. If you're interested in signals email me at adrielarrasmith@gmail.com. Also, read my article below about 50% returns a year investing in some small funds I found,
anyhows.com
Sell USDJPYOver the weekend we gapped into the area of 110.5 where we have trendline resistance, previous structure and the .618 fib level. I got short at 110.4, which I closed out earlier. I am now short again at 109.8 with a stop at 109.99. Expecting further downside. Check out some of my finance articles including one I just wrote about a Forex hedge fund @ anyhows.com
USDJPY: Bottom's in...as wellThis is an update to my previous $USDJPY publications. We are long, after averaging in for 4 days, starting the day of the exact low, with a cost basis of 108.66, holding a 33% account long position.
I think we can resume the rally, and get an uptrend of proportions similar to the one that took place after the presidential election in the US.
I'll be looking to add short term entries, applying multiple trend following proprietary strategies that we use to better leverage trends while they last. If you're already in, try to be patient and hold, after we surpass the red resistance zone we have a lot of upside in this pair.
Good luck!
Ivan Labrie.
Nikkei (JP225USD)Japan has been in a channel since the end of 2016, after the break of a wedge formation on the 12/03/17 coupled with a SAR swap and a fall outside the Keltner further bearish movement has been expected. This was tested on the 11/04/17 as the Nikkei convincingly closed outside of the channel. Today we have had confirmation of that break out.
NIKKEI's expected correction may be over...looking for LONGWe expected a corrective move on NIKKIE, the Japanese benchmark stocks index.
As we mentioned previously we will remain bullish above 19000 area. On the other hand a bearish bais on a daily close below 19014.
Price action in recent 5 days has been fairly corrective. Please bear in mind the NIKKEI AND YEN maintain a -ve co-relation much of the time. After Fed's last week rehtoric market is pricing risk-on mode. We expect YEN to weaken and NIKKIE to put more gains. As of now a bullish hammer is in place @ 19253 support.
Although entering long is lucrative from a purely technical perspective. But we will be bit more conservative and wait for the confirmation of up-move.
Thanks....
Trade with Care....
NOTE : IDEAS ARE PUBLISHED BEARING DAILY TIME FRAME SETUP ONLY...
USDJPY - Bullish Hi guys, looking at UJ Im feeling it's very mixed. Everything depends on what people say about rate hikes. In any case, what swings it for me is that UST10 has broken upwards this week and it could find some strength here.
Anyway, I may be biased here because of my long term view of short Gold.
Comments/opinions are welcome.
Note I am not long in this, I'm short in gold. This is my opinion.... and I'm not a professional which obviously shows but... I don't want some 15yr old trading his dad's house away because I published an opinion I just want some scrutiny on.
Nikkei - Monday's open is criticalThe bullish momentum appears to have run out of steam near as weekly candles have repeatedly failed near 19,600 levels since late December.
We also have a bearish 5-DMA and 10-DMA cross over on the weekly
The MACD has turned bearish as well.
Hence, Monday's open below 5-MA level would open doors for a test of the rising trend line support around 18,600.
On the higher side, only a daily close above 19,600 would signal continuation of the rally.