USDJPY Long Trade Setup on Multi- Timeframe AnalysisWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work
Here I have done a MTA for USDJPY with considering key supports and resistances along with a 100 and 200 MA on D1 and H4. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Usdindex!!
USD INDEX MAY BULLISHUSD may getting stronger as the price currently hitting strong demand zone. As we know, NFP result was great for currency. But we cannot take this for overall USD pair.
Take fundamental analysis for trading too for other pair. But for now, the price may bear until it hit demand zone for bullish. I currently trading eurusd sell for now.
US Dollar DJ Index- Hiting long term uptrend support levels. Dow Jones FXCM Dollar Index was a measure of the U.S. dollar’s value equally weighted against four of the world’s most liquidly traded currencies:
Euro (EUR), 25% weight
British Pound sterling (GBP), 25% weight
Japanese Yen (JPY), 25% weight
Australian Dollar (AUD), 25% weight
USD INDEXImpact prior / during FOMC news
Price may bounce in between 100.75 and 99.25 with a possible retest at 100.00 before a possible further downtrend.
However, if a rejection were to fail, then a possible further downtrend downwards below the 98.00 price zone level.
As of 30/4 is the last day before the closing month, a clear bearish closure below 100 key level may push down-ward to 95 and below.
DXY Short4h
We see the dollar index in a downward trend, in terms of the wave, we see a double correction, which is likely to last until near the price of 97.
This week includes important and influential news
GDP report
FOMC Statement
Unemployment hog
ISM’s manufacturing PMI
We would like to add that American companies, including Apple Amazon McDonald's S&P, are set to present their quarterly reports, which could have a significant impact on the country's gross domestic product.
Corona reports, as usual, have their effects on price
Pivot: 97.98
With the failure of this area, we will be the seller until 98.5
If the price fails in this area, buyers will enter the field and increase the price to 100.8 as last week.
DXYThe dollar index is likely to be in an incentive structure given the new wave, which is nearing the end of the sequence and declining to the microwave shape, but from a fundamental point of view, the US economy is still affected by reports of the coronavirus. .
in this week
April 23 Unemployment reports and PMI reports will be the only major dollar reports
DXY Bearish Possible Scenario Hello Everyone !
Here we Have DXY ( USD Index ), Forming an ABC Pattern, Point B ( 78.6 % Fibonacci Retracement ), is the place where we would like to see DXY going in order so we can see the final reaction of the market around there for getting a better Entry in a short Position, until then we stay Patient and Observe.
Stay Home & Trade Safe !
Let me know your Opinions below for This One !
Usd index- where to- monthly outlookFrom the 2008 bottom, Usd Index has been trading mostly up and now is trading just under strong resistance that lies at 103-104 zone.
Considering the global concerns and Usd safe haven status I expect this resistance to give up and to have a dollar strength dominated year.
In the long run (one-one and a half year) a 20% increase in Usd value is not out of the question and we can see the index touching its all-time high at 120.
USD on the runThere have been 2 great weeks for the Us Dollar, with the index rising about 7 percent.
After the index touched the 95 zone 2 weeks ago, the index reversed aggressively and put on a big bullish engulfing from this support.
This week the index passed and closed over 100 psychological resistance and is trading at 101.95.
I expect this bull run to continue in the weeks to come and I will look to buy Usd weakness in all its pairs.
DXY Elliott Wave View: Pullback An Opportunity For BullsShort term Elliott Wave view in DXY suggests that the rally from March 09, 2020 low is unfolding as an Elliott wave impulse structure. And shows a higher high sequence in higher time frame charts favoring more upside. While the initial rally to $98.81 high ended wave (1) in lesser degree 5 wave structure. Down from there, wave (2) pullback ended at $97.45 low. The internals of that pullback unfolded as Elliott wave zigzag structure where wave A ended at $97.64 low. Wave B bounce ended at $98.38 high and wave C ended at $97.45 low.
Up from there, the index rallied higher in another 5 waves impulse structure within wave (3). Whereas wave 1 ended at $98.44 high, wave 2 ended at $97.95, wave 3 ended in another lesser degree 5 waves at $102.37 high. Wave 4 ended at $101.54 and wave 5 ended at $102.99 high. Below from there, the index is doing a short term pullback against March 16, 2020 low ($97.45) in 3 or 7 swings before last push higher in wave (5) within the rally from March 09, 2020, can be seen. Afterward, the index is expected to do a pullback against March 09, 2020, low & should provide an opportunity to buy the index again in 3 or 7 swings. Near-term, as far as the pivot from $97.45 low stays intact expect the index to extend higher. We don’t like selling it.