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Japanese Yen Currency IndexJapanese Yen Currency IndexJapanese Yen Currency Index

Japanese Yen Currency Index

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JXY trade ideas

JXY ANALYSISMarket finishing up ending of pullback era with one last bullish movement preparing for significant decline. Have to keep in mind USD/JPY atr range when trading usually goes way up there MACD shows bull market still just above 50/50 but under ma expect minor bullish patterns until drop is ready to be executed SYLYNTEXCHANGE.COM SITE UPDATED FOR WEEK OF 20-27 I have also implemented an 36HR-48HR Forecast analysis chart on the site that is on the economic Calendar page Here on our site we are building we keep track of market sentiment and align it with more data to get a better idea of price movement. The site is updated Daily/every week & quarterly... TIME PERIOD UPDATE- SYLYNT EXCHANGE will incorporate a markets full day close to a 19hour period instead of 24 hours for daily deviation/growth % broken down according to region for target accuracy (this is daily basis type trading). We welcome all and provide access to the Sylynt SEC Board where you can follow weekly projections on appreciation %, visual of market sentiment (monthly, weekly, & quarterly), economic calendar, and encourage all to use the forum to share ideas as traders/investment consultation area between one another.
TVC:JXYShort
by Sylynt056
JXY WAVE ANALYSIS (FULL PICTURE)The JPY has taken a major beating following rate rise in major economies to curb inflation and the ultra easy monetary policy in Japan. Nevertheless, the Japanese Yen Index (JXY) seemed to have found a bottom at about 65.85 in October 2022. The has recovered some ground following the bottom in Oct 2022, and has successfully completed major wave 1 and formed a wave 2 correction which found support on the 200 daily MA. Further the pair has formed a golden cross (cross of the 50 daily MA to the upside of the 200 daily MA). Golden crosses are usually good indication of bullish price action adding a further bullish bias. If the wave hypothesis is correct and the 200 MA holds as support, I expect the JXY to start major wave 3 with potential target of 88. This means AUDJPY, NZDJPY, EURJPY, GBPJPY, CHFJPY as well as the Nikkei225 could all be potentially very bearish. If you like these wave analysis, give it a like and follow me. It will encourage me to produce more fine analysis for you.
TVC:JXYLong
by WaveSavvyTrades
Bullish Trend for Japanese Yen as Technical Indicators Point UPThe Japanese Yen is currently experiencing a bullish market trend, as indicated by technical indicators such as a CHoCH and confirmation by 4 BMS. The currency is currently trading above key moving averages, and indicators such as RSI and MACD are showing consolidation in the bullish zone. Japan has a large and unique economy, known for its manufacture and export of automobiles and electronic goods, as well as its focus on high-tech and precision goods. As the third most commonly traded currency in the world, the Japanese Yen is closely watched by investors and traders. The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
TVC:JXYLong
by LewkP_FX
Bullish market flowThe JXY is showing bullish market flow, with the RSI consolidating above the 50 line, the CCI at the bottom of a down stroke, and price making new structure highs. The 20 and 50 DEMA are trending up with price. Volatility increased on Friday due to profit taking and the upcoming Lunar New Year holiday in Asia. Speculators are betting that the Bank of Japan, the last major central bank to still employ a loose monetary policy, is edging toward a shift to a tighter stance. Japan's core consumer prices in December rose 4.0% from a year earlier, double the BOJ's target. Experts believe that the dollar/yen pair will continue to decrease and that the dollar will move back into the 130-135 yen range. The greenback has been mostly on the defensive this week, as data from consumer spending to business activity and inflation across major economies highlighted an increasingly fragile outlook for U.S. growth. Investors are waiting for the first Federal Reserve meeting of the year in early February to see if it raises interest rates. The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
TVC:JXYLong
by LewkP_FX
Going Short in JXY Japanies Yen Index.Bullish Indication. Bulliish trend intact. Price value in between 1hour resistance zone Bullish parallel channel intact JXY seasonaly moderately bullish Trade plan to Buy / Long position Entry point above the support / resistance zone @ 75.75 Stop Loss below the support / resistance zone @ 75.15 Take profit below the support / resistance level @ 77.25 Bearish Indication. Bearish candles formed Price value within the support channel Price under the 4 hour trend line Trade Plan to Sell / Short Entry price below the support / resistance zone @ 75.15 with bullish candle Stop loss @ above upper limit of support / resistance channel @ 75.80 Take profit on the middle support line @ 74.41
TVC:JXYShort
by dilsnqamz