AUDJPY BULLISHAUD/JPY appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, indicating strong buyer interest and the absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further reinforces the bullish setup.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, signaling that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, driving momentum toward the next major liquidity cluster. Increasing volume and momentum will be key to confirming this potential upward move.
+ testing inferior KL, aiming for higher ones
USDJPY
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move.
+ precisely the contrary of NASDAQ with a little more zigzag liquidity
NASDAQ BEARISHThe Nasdaq may face a correction in the coming hours, based on technical signals from the charts. The index is approaching a key resistance zone, coupled with an overbought RSI (Relative Strength Index), indicating potential short-term reversal. Additionally, a bearish divergence between price action and the MACD (Moving Average Convergence Divergence) suggests weakening bullish momentum. Declining volumes on recent highs further point to reduced buying pressure. A test of the immediate support could accelerate the downside if this level is breached.
+ big liquidity level broken yesterday, looking for a correction
USDJPY Technical Analysis! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 152.63 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 151.14
Recommended Stop Loss - 153.49
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development.
It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level.
As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000.
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USD/JPY SHORT FROM RESISTANCE
Hello, Friends!
USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 151.868 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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USD-JPY Will Keep Growing! Buy!
Hello,Traders!
USD-JPY keeps growing
In an uptrend and the pair
Made a retest of the horizontal
Support of 151.500 and
A rebound is already ongoing
So we are bullish biased
And we will be expecting
A further move up
Buy!
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USD/JPY awaiting the FED!The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
USDJPY Trade SetupTime Frame:
- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
1. Trend Confirmation:
Price has consolidated after the break from support at 153.27, down to 148.64.
Price has now rise to 153.00 area, which is inside H4 & Daily FVG zone.
2. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 152.75 - 153.00
On the Daily chart also note FVG between 1.5195 - 1.5300
3. Position:
Entry: H1 Engulfing candle Close : 152.29
Stop Loss : 153.10
Take Profit: 144.30 (fibo 161.8)
RRR : 1:9.8x
Note: The price has not yet reflected the end of the consolidation phase, as it has not formed a lower low. Therefore, this trade carries higher risk and a higher risk-to-reward (RR) ratio. To mitigate the risk, it is advisable to wait until the price forms a new low or breaks out of the consolidation trend.
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The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
DXY - 4H Dollar Index more FallTechnical Perspective:
TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong.
On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling the continuation of the downtrend.
The current movement indicates a high likelihood of further declines, potentially to the bottom of the trading range. Many USD pairs are at critical support or resistance levels, and expected reactions from these zones could amplify downward pressure on the DXY, making it increasingly vulnerable to a substantial fall.
Fundamental Perspective:
In December 2024, the bearish sentiment surrounding the DXY is driven by key fundamental factors. The Federal Reserve is anticipated to implement another 25 basis point interest rate cut during its December 18 meeting, following earlier cuts in September and November. This dovish policy reflects the Fed’s commitment to supporting economic growth amidst a slightly cooling labor market and growing global uncertainties.
Adding to the pressure, inflation data showed a 2.7% year-over-year increase in November, a slight uptick from 2.6% in October. Despite this, the Fed remains focused on easing monetary conditions to mitigate recession risks. Additionally, the recent U.S. presidential election has raised prospects of fiscal policy changes, including proposed tax cuts and potential tariff adjustments, which contribute to market uncertainty and weigh on the dollar.
These fundamental shifts align with the bearish technical setup, suggesting that the DXY’s downtrend is likely to persist in the near term. Keep an eye on upcoming Fed announcements and inflation data for further confirmation of this trajectory.
GOLD FURTHER SELL OFF?! (UPDATE)Gold overall is still holding bearish. I originally expected a ‘Flat Correction’ on the lower bound of the range, but price is now creating that same correction, on the upper bound of the range. Market analysis is still valid & I’m still holding my sell position’s open.
Market structure would be invalidated if price broke ABOVE previous Wave 5 high.
GOLD FURTHER SELL OFF?! (UPDATE)Gold overall is still holding bearish. I originally expected a ‘Flat Correction’ on the lower bound of the range, but price is now creating that same correction, on the upper bound of the range. Market analysis is still valid & I’m still holding my sell position’s open.
Market structure would be invalidated if price broke ABOVE previous Wave 5 high.
what is your idea about USD now ? what is your idea about USD now ?
In the 15 minute timeframe we have an umbrella pattern. Considering the Golden Zone and also the FVG, we can hope for the long position shown given the good candles and of course the US dollar news.
Good luck
Don't forget about money management.
USD/JPY on the Rebound: Key Insights Ahead of November NFPThe USD/JPY currency pair is witnessing the US Dollar regaining some strength following its reversal on November 15. As market participants look ahead to the critical US Nonfarm Payrolls (NFP) report for November, they are eager for insights into the current labor market conditions. Economists predict that the US economy added around 200,000 jobs, a significant increase compared to October's modest gain of just 12,000. It's worth noting that the NFP estimates for various sectors were impacted by hurricanes that occurred last month. Additionally, the Unemployment Rate is projected to rise slightly to 4.2% from the previous figure of 4.1%.
Attention will also be focused on the US Average Hourly Earnings data, which will provide clues about wage growth trends. An uptick in wages can drive consumer spending, potentially fueling inflation and reigniting concerns about sustained price pressures. Such developments may influence market expectations regarding the Federal Reserve's stance ahead of its December meeting.
Currently, the USD is experiencing a rebound from a demand support zone. Although seasonal forecasts indicate a possible bearish trend, there is potential for the USD to strengthen further, possibly testing the 155 level again.
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USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 151.08, which is a pullback support.
Our take profit will be at 152.15, an overlap resistance close to the 50% Fiob retracement and the 161.8% Fibo expansion, indicating a strong level of resistance.
The stop loss will be placed at 150.03, which is a pullback support level.
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Bearish drop off pullback resistance?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and the 161.8% Fibonacci extension and could drop from this level to our take profit.
Entry: 152.22
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement and the 161.8% Fibonacci extension.
Stop loss: 153.56
Why we like it:
There is a pullback resistance level.
Take profit: 150.78
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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USDJPY Channel Up bottomed. Very strong BUY.USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction.
It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift.
Trading Plan:
1. Buy after the price crosses above the MA200 (4h).
Targets:
1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension).
Tips:
1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal.
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USD/JPY Technical Analysis
The price is currently testing the upper boundary of the ascending channel near 152.40, which acts as a critical resistance level. If this resistance holds, the pair may see a retracement towards the midline support around 151.10.
Key Points:
Resistance at 152.40:
This level represents the upper boundary of the channel, and a rejection here could initiate a downward movement.
Support at 151.10:
The midline of the channel serves as the first significant support level if the price starts to decline from the resistance zone.
Technical Indicators:
The price is extended and approaching overbought levels, suggesting the potential for a pullback.
Key moving averages and Ichimoku components indicate the possibility of short-term corrective moves.
Conclusion:
As long as 152.40 resistance remains intact, the price is likely to decline towards the 151.10 support level. Traders should watch for confirmation of rejection at the resistance before taking positions.
Gold 1H Intra-Day Chart 10.12.2024Gold is in a neutral zone right now, but overall I am bearish. Here is what I am looking for next;
Option 1: If Gold closes above $2,690 then we can see a short term bullish move towards $2,740 before it drops back down again.
Option 2: Gold keeps dropping in its bear trend. Our target is $2,580.