XDN trade ideas
JXY forecast W1Previous historical low was respected (May-August 2015) and commenced rally, before forming what seems to be a bullish Elliot triangle wave. Support formed at 1.618.
3.382-3.618 Fib area should prove to be strong resistance, with 96.9 being the target following a triangle breakout. Would want to see price finding support at 96.9 for the move up to the next trendline, which follow on from a previous triangle pattern.
Japanese Yen Currency Index (JXY) - Pointing To Risk OffJapanese Currency Index (JXY): As a measure of risk, the Yen is often considered a safe-haven. Over the longer term the price is nearing a breakout, highlighting the potential for a global‘risk-off’ scenario. In the short term and from a trading time frame perspective a print around 92.50 may signal a 'short term' bottom in equities. Medium to longer term, technical structure of the Yen pints to higher levels suggesting a bearish equities scenario.
TVC:JXY
Short Term Weak YenWaiting to finishing the retest in the dark blue box. Then head to light blue box for TP1 indicated by the Green Line. Other take profits are indicated by the green lines. Red line represents Stop Loss.
Just my bias. Still a baby trader learning.
INDEKS YENINDEKS YEN mengalami Proyeksi Melemah secara teknikal
Namun perlu di perhatikan Juga Relase berita hari Rabu :
* BOJ Outlook Report
* Monetary Policy Statement
* BOJ Press Conference
Jpy index on D1JPY trend moving in a down channel, we check out at the indicated breakout point so we can satisfy either bear or bull on JPY
JXY Sitting PrettyExpecting one more leg to the downside before JPY gains strength.
Yen has always been a safe haven in uncertain markets.
By next week = (XXX/JPY) should see \ bearish action (Generally) | Due to its gain in strength. Keep an eye on JPY pairs.
JXY - Up trend with real Divergence- The main key is the Highest MACD during for a month + RSI + Bolliger band
- Key 2 is real MACD + RSI divergence
Note: RSI must not exceed 30.
JXY - Up to 8/4/2019Main key: MACD
Key 1: Price leaves the Bolliger
Key 2: Slop of MACD
Key 3: Expecting to return the price channel
* Target 8/4 is calculated by Elliot rule.
* Note: RSI signal is maybe he will retest Bottom or New Bottom.
Yen index JXY Long DailyYen has been in a rather bearish mode since the abandoned baby formation that formed a few months ago, I see a potential bullish correction in the week ahead. but leave some expectations for a break below t the current support zone back into the downward move.
