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EUR/JPY Hits 12-Month HighEUR/JPY Hits 12-Month High As the chart indicates, the EUR/JPY pair has risen above ¥172 per euro — a level last seen in July 2024. Since early June, the exchange rate has increased by approximately 5.6%. This upward movement is driven by a combination of factors, including: → Divergence in central bank policy: The European Central Bank’s key interest rate remains significantly higher than that of the Bank of Japan, making the euro more attractive in terms of yield compared to the yen. → US trade tariffs on Japan: The potential imposition of 25% tariffs by the United States on Japanese goods poses a threat to Japan’s export-driven economy, placing downward pressure on the national currency. → Eurozone expansion and consolidation: News of Bulgaria’s potential accession to the euro area is strengthening investor confidence in the single currency. → Weakness in the US dollar: As the US Dollar Index fell to its lowest level since early 2022 this July, demand for the euro has grown, positioning it as a key alternative reserve currency. Can the rally continue? Technical Analysis of EUR/JPY For several months, the pair traded within a range of approximately ¥156–165 per euro, but has recently broken above the upper boundary of this channel. Based on technical analysis, the width of the previous range implies a potential price target in the region of ¥174 per euro. It is noteworthy that the rally gained momentum (as indicated by the arrow) following the breakout above the psychological threshold of 170, a sign of bullish market dominance. At the same time, the RSI has surged to a multi-month high, signalling moderate overbought conditions. Under these circumstances, the market may be vulnerable to a short-term correction, potentially: → Towards the lower boundary of the ascending channel (shown in orange); → To retest the psychological support around ¥170. That said, a reversal of the prevailing trend would likely require a significant shift in the fundamental backdrop — for example, progress towards a trade agreement between Japan and the United States. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Bearish reversal?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3695 Why we like it: There is a pullback resistance. Stop loss: 1.3734 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci projection. Take profit: 1.3639 Why we like it: There is a pullback support that is slightly above the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
SOLANA – Repeating Structure Points to Major Upside PotentialSolana’s chart reveals a recurring bullish pattern that has played out multiple times over the past year. In each instance, SOL formed a rising base or ascending triangle followed by a strong breakout and a new high. These breakouts typically occurred after: A series of higher lows forming an ascending structure Compression beneath horizontal resistance A clean breakout followed by a rapid price expansion The current price action appears to be forming the same structure once again: A clear ascending support trendline is intact Price is approaching the horizontal resistance zone near $180 The 50 EMA is turning upward and price is pressing above the 200 EMA If SOL breaks above the $180 level with volume, it could mirror previous rallies and target the long-term diagonal resistance trendline, currently pointing toward the $300–$340 range. Until then, a pullback to retest support near $140–$150 would remain within the bullish structure. Key Technical Features: Consistent ascending accumulation patterns Breakout levels followed by new highs Current setup showing a third rising base near major resistance Clear long-term diagonal trendline acting as a historical ceiling This is a textbook example of price memory and structural repetition. Traders should monitor for a confirmed breakout above horizontal resistance with strong volume before positioning for continuation.
Long
by Quant_Trading_Pro
ALICE ( SPOT)BINANCE:ALICEUSDT #ALICE/ USDT Entry range (0.38- 0.41) **** Wait for the price to come to the entry range **** SL 4H close below 0.36 T1 0.5170 T2 0.5700 T3 0.6100 T4 0.6800 **** Wait for the price to come to the entry range **** _______________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey.
Long
by Crypto_alphabit
ETHUSD SHAPING THE BEARISH WEDGE, READY TO DECLINE Ethereum has been forming the bearish wedge since the June 23th. The asset goes precisely according to Elliot 5-waves formation and is currently starting the wave E, rebounding from the lower border of the chart pattern. What a trader may do? We may go aggressive and trade long right immedia CAPITALCOM:ETHUSD tely with a take profit slightly below the 2,700.00 resistance level 🔼 a market buy order at 2544.19 with ❌a stop loss at 2489.90 and 🤑a take profit at 2691.35, risk-reward ratio is 1:2.71 (nice one!) However, I prefer to stay conservative and wait till the price tests the 2,700.00 level and enter the position there with 🔽 a pending sell stop order at 2691.35 with ❌a stop loss at 2759.92 and 🤑a take profit at 2409.89 risk-reward ratio here will be 1:4.1 (even better!) In mid-term, I still expect ETHUSD to trade within a 2,400.00-2,700.00 range. So after assets reaches the 2,400.00, could be reasonable to look for new long opportunities! But will see.
CAPITALCOM:ETHUSDShort
by ProfessorSingapore
2
SOLUSDT longhi Traders, We can see that price is currently trading below a well-defined downsloping trendline. The trendline (blue) has been tested multiple times, confirming its validity as resistance. Price action is showing higher lows, indicating building pressure, usually a bullish sign often seen before breakouts. The breakout seems to be happening right now, so entering the long position is justified. Target: 184 Invalidation: daily close below the downsloping resistance trendline
Long
by vf_investment
USDCAD: Bearish Continuation & Short Signal USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3688 Stop Loss - 1.3717 Take Profit - 1.3634 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
DXY DOLLAR INDEX The DXY has declined from its current high 114.54 to 96.59 reflecting a weaker dollar against a basket of major currencies including the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc. Despite this decline, the dollar remains supported by strong US economic growth and higher US 10-year bond yields, which have widened the yield gap with other developed economies . The Federal Reserve’s monetary policy has been relatively hawkish, with fewer rate cuts priced in compared to other central banks, helping to underpin the dollar. Trade tensions and tariff uncertainties continue to create volatility, but the dollar benefits from safe-haven demand amid global uncertainties Composition of the DXY Basket: Euro (EUR): 57.6% Japanese Yen (JPY): 13.6% British Pound (GBP): 11.9% Canadian Dollar (CAD): 9.1% Swedish Krona (SEK): 4.2% Swiss Franc (CHF): 3.6% context Drivers: US economic strength, Fed policy, bond yield differentials, trade tensions, and safe-haven flows keeping dollar on support hold. Ongoing US tariff announcements and trade policy changes have contributed to volatility and risk aversion, pressuring the dollar lower. US Economic Policy the Market is concerned about fiscal policy, Federal Reserve independence, and rising US debt which have led to reduced demand for US assets, further weighing on the dollar. Interest Rate Differential: The US Fed funds rate remains at 4.50%-4.25%, but with global central banks adjusting policy, the relative appeal of the dollar has diminished. Conversely, a sustained move above 98.00 could signal a reversal and renewed dollar strength. hope we can get back to 100 aagin. #dollar
TVC:DXY
by Shavyfxhub