USDJPY | Perspective for the new week | Follow-upIn light of recent data, Thursday's release indicated that U.S. consumer price index (CPI) inflation for July met expectations, mirroring the previous month's trajectory. This outcome has fueled speculation that the Federal Reserve will maintain its current interest rates in September. However, this development has concurrently prompted a reduction in expectations for a rate cut within the current year, leading to the anticipation of sustained rates at their 22-year highs.
Consequently, this adjustment has exerted downward pressure on risk-oriented assets, inducing a sense of caution among investors reluctant to engage with Asian currencies, given the prevailing robust outlook on U.S. interest rates.
As a result, the Japanese yen bore the brunt of this shift, registering a decline to a one-month low during overnight trading, only to stabilize in proximity to the pivotal 145 threshold on Friday. However, it is noteworthy that trading volumes remained subdued due to a market holiday observed in the country.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 145.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Pricection
XAUUSD Gold scalp ideas for buy and sellsWe are currently in a tricky range, despite price looking heavily bullish on the lower timeframes I would be cautious as price is known to reject and range within this area
Look for trades outside of this range and we can see a much clearer picture on where price wants to go and take trades based on that
Patience pays.
GBPUSD | Perspective for the new weekThe U.S. dollar plunged as the Pound sterling graduated to near one-week highs which appears to be a result of the intervention by the Bank of England and announcing emergency bond buying. Despite a solid bearish momentum which has characterized this market since the beginning of the year, I am of the opinion that we might be witnessing a temporary bullish momentum in the new week which could turn out to be a retracement of the bearish impulse leg.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BTC/USD: from where could we possibly execute short positions?As it can be noticed from the 8H timeframe chart of BITCOIN, the price has broken out of the ascending channel illustrated on the graph and is now in the process of pulling back to re-test the penetrated key zone that lines up with the 0.618 Fibonacci retracement level.
Multiple confluences are showing that the sentiment of this security is expected to remain bearish. Thus, we will be looking forward towards executing SELL orders and aiming for the area plotted on the chart.
Happy trading to everyone!
XAUUSD Forecast 8/16/22There are a few indication in the price action sentiment that gold could possible turnover. You do want to make the mistake and have the wrong bias about a trend change to early ! Therefore, It is important to pay attention to the market structure when price may not be so clear on trend changes.. Currently gold has been consolidated and structure indicates it can go into a down trend, but the bullish trend has not been broken yet. I would monitor first before entering since do have some fundamental event for the week ( Don't for get to check this). Side Bar: Please note the higher timeframe retest of the fib level indicated on the chart.
BTC - Wyckoff Price Cycle!Hello TradingView Family, this is Richard, and if you like this idea, kindly support with a like or a comment.
I found BITCOIN chart as a great practical example of Wyckoff's Theory.
Similar to the one I posted for GOLD a couple of weeks ago. (attached in the "link to related ideas section", to keep this one clean)
BTC is overall bullish trading stuck inside a flat channel in brown and it is currently sitting around the lower bound/brown trendline acting as non-horizontal support.
As per Wyckoff Price Cycle, we are currently in an accumulation phase.
For the Markup to start, we need the bulls to prove control by breaking the blue channel and the last high in gray upward => projection in green
Meanwhile, and until the bulls take over, BTC can still trade lower before breaking the structure, or even form a lower low marked in orange, known as the Spring => projection in red
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
<TradeVSA> Tasco - Strong Reaccumulation !!Sign of Strength in the chart:
1. Reaccumulation with sign of strength
2. Potential VCP
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
22/08/2021 CRVUSDT Daily S/R| Local S/R| Price Action| Trend Evening Traders,
Today’s analysis – CLVUSDT – trading above its Range Low where a trend continuation is probable,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Swing High Objective
CLVUSDT’s immediate price action is trading above its Rang Low, holding this level allows for a bullish bias.
The Range High is immediate resistance, exceeding this level will likely test the swing high region.
The volume profile is currently below average, an influx is imminent when testing a key trade location.
Overall, in my opinion, CLVUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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<TradeVSA> Guocoland (F17.SGX) Waiting for BreakoutSign of Strength in the chart:
1. Change of trend with Bag Holding and Stopping Volume
2. Accumulation with Pullback
3. NS as support
4. Green Pentagon with Line Change
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Trading Gold Based off previous price action.Nice Setup before gold spiked. Looking for gold to reach the previous 1737.660 level. Been studying gold for a bit so I am starting to get the hang of how it moves. Moving average cross with 38.2 Fibonacci retracements in confluence with previous market structure. 3-4 Confluence/Confirmations when looking for decent setups!
ADANI PORTS ANALYSIS 29-04-2019Currently ,Adani ports is looking strong on daily,But its major trend is bearish on weekly chart.We can see the that the price is making higher high and higher low while the MACD is making lower high and low ,that is what is called as bearish divergence,we can say that the daily bullish monetum has been lost and price will not be continuing its bullishness with much strength and may correct ,also macd has given its bearish crossover also,plus adani ports has a very good tested resistance of 400 level.So based on current IV of adani ports ,we should think of selling calls of strike of 430 & above it.
A long-term Trading Opportunity To Buy in IconTechnical analysis:
. ICON/ETHEREUM is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0050 to 0.0044). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0050)
. Ending of entry zone (0.0044)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
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