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Safehavenyen

CADJPY H4 SHORT SETUP! Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. Nevertheless, let's get started. CADJPY has been in consolidation since June 2020. Price has broke a three top formation and it means bear market has started to take place. So I would be looking at a short position setup at fibonacci retracement level of 50% which is also inline with the neckline of triple top, a good risk reward ratio trade. A good sell setup is as below, Sell limit: 78.97 SL: 79.21 TP: 78.35 Happy trading. Always go for a clear entry and it's always you versus yourself, not you versus the market.
Short
by ChinSengFx
1
ORBEX: Trump Comment Reduces Haven Flows, Brexit Extended Again!In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month. On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again! I also picked #EURUSD on the back of yet another #Article50 extension and as #pound seemed a little "out-of-touch" with the latest developments surrounding #Brexit. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
AUDJPY Looking To Break Range To Target 81.000 level!AUDJPY is currently range trading that is visible by looking at the 4hr and daily timeframes. Looking at the main chart it can be seen that the price is confined in between the blue lines (range). Shall a breakout of the range occur to the upside, the price will look to target the 81.000 area where the weekly EMA 50 is present. Have a look at the snapshot of the weekly charts below: From the chart above, the price is confined in a descending channel and is currently en-route to testing the dynamic EMA 50. Furthermore, the 78.000 psychological level is a concrete support drawn from the monthly charts which has been rejected on too many occasions notably most recently on the monthly candle and the flash crash that happened last month. A LONG position is favored only if the range breaks to the upside, in other words the daily candle and NOT the 4hr Candle must close outside of the range on the daily charts. Followed by a slight retracement before we could execute a LONG entry. In the future if the price decisively closes above the weekly 50 EMA we could take this pair LONG towards the descending trendline of the main weekly channel. RISK ON appetite in the market would make AUD more valuable in comparison to safehaven yen which tends be sold off more together with GOLD AND CHF, therefore if a trade deal is made which is a likely scenario we can expect the AUD to rally against the YEN. This just represents my analysis for this pair, shall the opportunity arise i will post the entry criteria in a new thread. stay tuned and cheers
Long
by FX618Analysis
BREXIT GBP: USE USDJPY AS A RISK-BAROMETER & WAIT FOR LONDON 8AMIndicators to check BEFORE GBP Shorting for confirmation I also suggest using two other key pieces of information BEFORE shorting GBP. 1. Use USDJPY as a measure of market risk appetite and stability - As you can see below UJ has traded with a tight 38pip range vs GBP$ at 180pips. Therefore we can use UJ as a measure of stability and risk appetite: 1) because of its stability - UJ isn't acting as susceptible to the volatility "noise" - with 4.5x less range; and 2) because as we know UJ is the "safe haven" FX pair which is sold massively when markets are trading risk-off. or risk averse. - How to use UJ for GBP direction: Assuming UJ is the stable measure of risk (which has been true for the past week) it is fair to ALSO assume: 1) A rise in UJ means increased JPY selling which means there is a stronger risk-on attitude in the market as investors shed "safe yen" - buying GBP in the uncertain BREXIT environment IMO is considered the "risk-on" move - SO we can confirm GBP rallies with a rise in UJ 2) Conversely a fall in UJ means JPY buying, which means investors are seeking risk-off/ safer currency plays - selling GBP in the BREXIT uncertainty environment IMO is considered the "risk-off/ low risk" move - SO we can confirm new GBP shorts with a fall in UJ *If you believe that the risk-on/ risk-off moves are the other way round e.g. GBP upside is the low risk play - then you can STILL use UJ as the indicator, just the other way around than above. IMO and logically, GBP lower in this uncertain UK environment is the LOW RISK trade - especially given we traded at 1.46 8wks ago (not much downside is priced at these levels thus GBP moves lower are lower risk) 2. Wait for London open between 8am-10am GMT (4-6 hours from now) - In these past weeks, the London open has been a key catalyst for GBP direction ESPECIALLY on the Sunday-Monday Asia which over as all of the weekend information is priced in for the biggest FX clients in LDN. - Therefore it is prudent NOT to take a position until the big money volatility/ fluctuations/ noise is out of the way otherwise SL's may be susceptible to being hit AND MORE IMPORTANTLY, we may misjudge the market direction/ sentiment (given LDN is the largest FX Flow session). - Several times the market direction and momentum has changed or been confirmed aggressively during the London open 8am-10am GMT so I think this indicator is a vital determinant
Short
by QuantumLogicTrading
3