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USDJPY DAILY: HIT TARGET 134.06, ABOVE 125.10, 138.45 IS NEXTAs expected, USDJPY higher above 131.34 and hit 134.06 Target. As I said at previous idea, "While Above 121.27, USDJPY Still Bullish To Retest 131.34. Break Above 131.34, Bullish Countinue To Target 134.06." Now, While Above 125.10, USDJPY Still Bullish To Target 138.45. But, Break Below 125.10, Open The Way To Retest 121.27. Break Below 121.27, Cancel Bullish Outlook. Break Below 121.27, Open The Way To Retest 116.33-112.07 Area.
Long
by Wahyu_Luck
GBPAUDGood evening, We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price reaches that level. What I would like to see is a few smaller candles as we approach and then a large red candle to prompt a short entry. Let's see how this one plays out, if you have any questions feel free to message me.
by TheTwoTraders
Will inflation peak this week? 14 Feb – 19 Feb, 2022*Please note; The author is working from UTC +13 when determining the timeline of data releases. Will inflation peak this week? 14 Feb – 19 Feb, 2022 Six significant inflation rate figures will keep investors on their toes almost every day of this week, with the most important data concentrated on Wednesday trading. Bear in mind the expectations for most of the inflation data figures are strongly suggesting that inflationary pressure has already peaked. So, watch out for deviations from these hopeful expectations. Tuesday, February 15: India Inflation Rate YoY JAN The week opens with India's Inflation Rate YoY to January. The data is released on Tuesday morning, and the market is expecting India's Inflation Rate to rise to 6.0% from the current 5.59%. The Indian Rupee is trading at a 7-week low against the US Dollar and a 3 ½- month low against the British Pound. The Rupee's weakness so far (and possibly to continue after Tuesday's data release) can be explained, in part, by the Reserve Bank of India less-hawkish stance than the US Federal Reserve and the Bank of England concerning raising interest rates. India's Inflation Rate hitting 6.0% isn't expected to radically alter the Reserve Bank of India's relatively less-hawkish stance. Wednesday, February 16: China Inflation Rate YoY JAN UK Inflation Rate YoY JAN South Africa Inflation Rate YoY JAN Expect three inflation rate data releases across Wednesday afternoon that may have the most considerable impact on this week's trading. In order of appearance: China's Inflation Rate YoY to January is forecast to fall from 1.5% to 1.00%. The UK's Inflation Rate YoY to January is forecast to remain flat at 5.4%. The direction that South Africa's Inflation Rate YoY to January is expected to head is contentious. The majority of the market expects the South African Inflation Rate to subdue a fraction of a percentage point from 5.9% to 5.7% or 5.6%. However, TradingEconomics is forecasting a rise to 6.0%. Thursday, February 17: Canada Inflation Rate YoY JAN Canada's Inflation Rate YoY to January, released very early Thursday morning, is forecast to remain flat at 4.8%. Thursday’s result may force investors to reconsider their exodus from the Canadian Dollar last week, as US Inflation hit a 40-year high and expectations for an aggressive US Federal Reserve response heightened. The same forces could be in play this week but in the opposite direction. The Bank of Canada is on the edge of a more aggressive stance and hotter than expected inflation could essentially guarantee that it enacts its first post-pandemic interest rate increase on March 2. Friday, February 18: Japan Inflation Rate YoY JAN Closing out the week is Japan's Inflation Rate YoY to January, released mid-day Friday. The market consensus is a mild increase to 0.9% from the current Inflation Rate of 0.8%. As Japanese companies are extremely slow to hike prices, Japan's peak inflation may lag other nations and continue to rise above 0.9% in the ensuing months. For one, the Bank of Japan is expecting inflation to hit 1.1% YoY to April, but still well under the Banks target annual inflation of 2.0%. Consequently, the Bank of Japan is expected to maintain its ultra-loose monetary policy and its -0.1% short term benchmark interest rate for the foreseeable future. As such, it might be a shock for the Japanese Yen to improve its position from its 5-year low against the US Dollar.
ECONOMICS:CAIRYY
by BlackBull_Markets