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EURJPY: Asian foreign exchange increased thanks to the decline oYen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to help the currency. Traders see USDJPY at a hundred and fifty five as in all likelihood to draw authorities intervention. Yen weakens beforehand of this Friday`s Bank of Japan Meeting, wherein the important financial institution is predicted to go away hobby prices unchanged after a anciental hike in March. However, the outlook for inflation and boom stays uncertain. The financial system could be carefully watched.
Long
by Chart_MasterPro
EUR/JPY Short and EUR/USD ShortEUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EUR/GBP Long, AUD/NZD Short and GBP/CHF LongEUR/GBP Long Minimum entry requirements: • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Long Minimum entry requirements: • 1H impulse up above area of interest. • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
3
AUDUSD: The dollar headed for a second weekly gain amid interestThe US dollar is on track to gain for a second straight week today, underpinned by a strong US economy that has changed expectations for an interest rate cut by the Federal Reserve. The greenback's 0.17% gain for the week was tempered after Thursday's warning message from financial leaders in the US, Japan and South Korea regarding the weakness of the Japanese yen and won by South Korea, suggesting the possibility of coordinated intervention. Asian currencies have been hit particularly hard by a stronger dollar. Carol Kong, a currency strategist at Commonwealth Bank of Australia, noted the importance of the joint statement and acknowledged the growing possibility of Asian foreign exchange intervention. However, Kong expressed uncertainty about US involvement, arguing that a stronger dollar would h
Short
by Chart_MasterPro
AUD/CAD Short, AUD/NZD Short, NZD/CHF Short and NZD/USD ShortAUD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
4
GBPJPY: The Japanese yen hits its lowest level in 3 decades amidThe Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to struggle, with the value of the yen's real effective exchange rate index falling to its lowest level since then. since the records of the Bank for International Settlements began in 1994. The yen's depreciation has been going on for more than three years, losing about a third of its value since the start of 2021. Factors contributing to the yen's decline include Japan's low interest rates, which remain below 0.1%, in stark contrast to US short-term interest rates at 5.25-5.5%. The significant yield gap between US and Japanese government bonds, with a difference of nearly 370 basis points at the 10-year maturity, has continued to fuel the yen's slide. Investors have been engaging in "carry trading," borrowing yen at low cost and investing in higher-yielding currencies. This fact is especially appealing during periods of low market volatility, like the present. The benchmark interest rate differential between Japan and other economies is a key driver in these market dynamics. Despite Japan's central bank's historic policy shift in March, the move was expected. With no prospect of sharp interest rate hikes in the future, investors have felt comfortable maintaining or increasing short positions in the yen. Yen short sales hit a decade high in April.
Long
by Chart_MasterPro
USD/JPY Short and AUD/NZD ShortUSD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
USDJPY: USD/JPY returns to 152 regardless of intervention threat The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US hobby costs, that have been the principle weight at the Japanese foreign money for almost years. The yen additionally obtained little assist from the Bank of Japan's first hobby fee hike in 17 years, because the valuable financial institution presented dovish alerts on destiny coverage decisions. . Dollar steadies on CPI information, recognition on Fed assembly minutes The greenback index and greenback index futures had been little modified in Asian buying and selling after posting a few in a single day losses. But buyers are nevertheless in large part biased toward the dollar given the numerous alerts on US hobby costs this week. Consumer Price Index inflation information for March is due out on Wednesday and is extensively anticipated to expose inflation final properly above the Fed's 2% annual target, leaving the valuable financial institution with little Motivation to begin reducing hobby costs soon. Minutes from the Fed's March assembly can also be launched on Wednesday and are available amid developing doubts approximately whether or not the valuable financial institution will begin reducing hobby costs in June. A string of Fed officers warned that difficult inflation could maintain the Fed from reducing hobby costs early this year.
Long
by Chart_MasterPro
2
USD/JPY Short and CAD/CHF ShortUSD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. CAD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
USD/JPY Short, AUD/NZD Short and GBP/CAD ShortUSD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • 1H impulse down below AOI. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
HOW TO SET STOP LOSS | 3 SIMPLE STRATEGIES 📚 Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules . I will teach you how to set a safe stop loss, relying on price action. 1️⃣The first trading strategy is a trend line strategy . The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line , you should identify the previous low. Your stop loss should lie strictly below that. Buying a test of arising trend line on GBPCHF, stop loss is lying strictly below the previous low. If you are selling a trend line , you should identify the previous high . Your stop loss should lie strictly above that. 2️⃣The second trading strategy is a breakout trading strategy . The technique implies buying/selling the breakout of a structure, expecting a further bullish/bearish continuation. If you are buying a breakout of a resistance , you should identify the previous low . Your stop loss should lie strictly below that. If you are selling a breakout of a support , you should identify the previous high. Your stop loss should lie strictly above that. Selling a retest of a broken structure on AUDJPY, Stop Loss is strictly set above the previous high. 3️⃣The third trading strategy is a range trading strategy . The technique implies buying/selling the boundaries of horizontal ranges , expecting bullish/bearish reaction from them. If you are buying the support of the range , your stop loss should strictly lie below the lowest point of support. Opening a long position from the support of the range on Dollar Index, stop loss is placed below its support. If you are selling the resistance of the range , your stop loss should strictly lie above the highest point of resistance. As you can see, these stop placement techniques are very simple. Following them, you will avoid a lot of stop hunts and manipulations. How do you set stop loss?
OANDA:XAUUSDEducation
by VasilyTrader
5
XAUUSD: Dollar recovers beforehand of nonfarm payrolls informati The greenback index and greenback index futures rose 0.2% in Asian buying and selling on Friday, rebounding from sharp declines in advance withinside the week on anticipation of the pound Non-farm wages } indicates buyers returning to the greenback. Inflation and the power of the hard work marketplace are the Fed`s largest concerns in slicing hobby costs this year. However, inflation has emerge as intense in current months, whilst payroll information has additionally continually passed marketplace expectations. In addition to payroll information, US client fee index inflation information may also be launched subsequent week and is probably to offer similarly indicators on hobby costs.
OANDA:XAUUSDShort
by Chart_MasterPro
EUR/USD Long, EUR/CAD Long and USD/CHF ShortEUR/USD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/CAD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. USD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
by StewySongs
1
GBP/USD Short and GBP/CAD ShortGBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
4
AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1