The upcoming Yen strength vs. the ReminbiThis pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off).
Here is the Daily for more precise timing.
Yen-long-term-trend
Yen Japonais an important opportunity to sell signal sell 6J1
concerning this market will experience a downward trend
under the VWAP with a very important volume
towards the TP because the sellers will return to the market
signal sell
AJ TP Hit: An Easy +200 pips, 1 week, 1 TradeAUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily goal.
01:01:13 (UTC)
Mon Jan 27, 2020
USDJPY 13th August to 17th August idea SHS formationJapanese pairs seem to be quite bullish now, UJ failed to rise last week despite strong breakout on DXY
I'm anticipating a huge drop in the long term to around 104 especially with the SHS formation
Entry level - 110.3
TP1 - 108
TP2 - 104
SL - 110.7
CHFJPY - DAILY - BUY SETUPChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
usd yen long which tp do we hit ? Hi everyone
So currently I entered in this trade long.
-stop los and tp is shown
-my entry is shown
I entered bc:
- hit fib projection
- hit pitchfork line twice ( outside line twice)
- higher close 15min
lets see what happens from here
Kris
www.mymentortv.com
USDJPY 25.09.17
Trading at 111.990.
Hovering between 112.200 and 111.900. A close above either of these levels will be an ideal signal as to where we could be heading over the week beginning 25.09.17.
A close below 111.960 will mean a retracement towards 50.0 Fib Level (111.00)
A close above 111.200 will see buyers target 112.600 - 112.800.
Major resistance coming in at 112.600, price was unable to break above this level last week.
In my opinion I believe price will retrace back towards this level before we see any major moves to the downside.
108.000 currently major support level for this pair.
USDJPY GREAT SETUP SO FAR THIS WEEKWe took a short on USDJPY before NFP on friday in our trading room, however I think the NFP move is not a good indicator of the bigger picture. This is a swing trade.
Yen is back! (?) Several Yen pairs have formed inside bars which may suggest a reversal of the trend. However, some are already on the decline like my previous trade analysis: EURJPY.
With the 200sma few pips ahead, another ascending trend line for the pair is on play. What's more wonderful is that the trend line and the 200sma are overlapping which may suggest that this pair will be jumping to the upside within this week. Does this mean that the US Dollar will be revived?
Potential for further Yen Strength. Hello Traders,
At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective.
Technically the yen looks poised for further gains since closing below the previous month's lows.
I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to determine what type of trend a market is in. In this case, we have a monthly close for March exactly on the 20 EMA. So anything can happen here. If bulls take control and manage to close above March's highs then it is probable that we test the 124 handle. On the other hand, if April closes below the 20 EMA and March's lows then it is very likely that November USD/JPY bulls will begin to liquidate their long positions and the cross pair can head to test the 100 - 105 handles.
Monthly RSI has been on a downtrend since topping out in December of 2014. So strength still remains biased to USD/JPY bears.
Feel free to share ideas and open discussion in the comment section!
Manage your risk, trade smart and with a plan. =)
JAPAN225 POTENTIAL SHORT OPPORTUNITY Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
USD/JPY MONTHLY Short/Bearish Trend. Correction or recession?Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and indicating to us that something big is coming!! and Technically I see major fall in usd and strength in jpy and gold.
Long EUR / JPYThe prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The other main risk of this trade is a strong risk aversion globally that will propell the YEN.
LONG USDJPYLong to 103.524 like the first target, we could have surprises from BOJ soon, but like maximum time limit, between september 7th and 9th should get the target, and second one before december 107.100
USDJPY - Super Long - Monthly ChartBreak and retest of monthly trendline, It is now at the 50% retracement to go long.
If it is in a correction, it could go up to a "B" before shorting down to a "C" leg
Sell USD, Buy JPY, Trust Yourself - Dirty Deeds Done Dirt CheapIt’s Saturday night here is Melbourne, Australia… The house is quiet, the kids and wife are asleep and I’ve just finished watching the Big Short (9/10 – Highly recommended). Now is the perfect time to analyze the charts.
We have another huge week coming up, and while the focus will be on David Cameron and his mates (GBP trades), let’s not forget that USD and JPY trades still carry the most weight in this business.
USD will be making some huge moves over the next week or two and the Dow Jones Industrial Average is giving us a clue.
(1) We have a Triple Top that may signal a LH. However, if price breaks up, then we are looking for price to consolidate at the LH mark as indicated on the chart.
(2) If this Triple Top holds this week (Week commencing 22/02/16), then we have a pretty clear signal that the index is moving down to create another LL. If this is true, then there is very strong possibility 15370 will be broken very soon (Maybe this or next week?).
However I think this triple top probably won’t hold and we will move up into the 17400’s.
For this reason, I don’t think it is a good idea opening any significant long USD positions in the short term.
As much as the BOJ and the Karuda mafia are seeking to devalue JPY, I don’t see any chance in hell of them achieving their targets – Look at USD/JPY weekly for clues. At one point I thought JPY trades were going to go up (JPY devalue) as it looked like USD/JPY was going to break up, however I was wrong, and now it’s clear that buying JPY appears to be the smarter move.
------ 2016 will be the year of the Yen ------
Dirty Deeds Done Dirt Cheap: youtu.be
Yen vs DJIA Chart compares history of Yen vs DJIA. As you can see, Yen is near a 30 year ascending primary support line. Chart also shows that after periods where US markets increase and Yen decrease to a point of historical support, thereafter you have U.S. Markets consolidation or peak.
Here also are horizontal lines of support / resistance.
Right now would be a good time to look to enter Yen.
