Eurjpy!
EURJPY: CHART TO WATCHIn this video update, we take a look at EURJPY as price approaches a key resistance level.
We could see selling resume at this key level back into the recent break out highs at 119.80.
The 4hr timeframe is currently forming bearish divergence giving us a potential short opportunity.
ORBEX: EURJPY, GBPCHF - US-EU Tradewar Begins, BoJo Submits PlanIn today's #marketinsights video recording I analyse #EURJPY and #GBPCHF
#EURJPY looking bullish on:
- Expectations of further BoJ easing
- Poor JP consumer confidence
- Soft BoJ monetary base
- Good German PMIs and EA Inflation
#GBPCHF looking bearish on:
- Expectations of a strong franc
- Poor UK construction PMI
- Fresh BoJo proposal sentiment
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Our Elliott Wave 5th Wave Target Zone Hit on EURJPY Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<<
This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th Wave trade on the 5 minute time frame for EURJPY.
Watch the video tour of our Elliott Wave Indicator Suite >>>HERE<<<
EURJPY, USDMXN: FX Minor Pairs Affected By Policy ExpectationsIn today's #marketinsights video recording I analyse EURJPY and USDMXN!
Euro, although affected by expectations that ECB will not only cut but probably also QE, is trading relatively firm against a weaker yen. BoJ's ease seems to be taken to heart compared to ECB's as Japan is ultraloose already!
The Mexican Peso, on the other hand, seems affected by expectations the Fed's hiking cycle has now turned dovish, with FOMC expected to cut again next week!?
Economic data that affected Yen, Dollar and Mexican Peso -* Euro is affected by ECB policy expectations:
- JPY Core Machinery Orders m/m -6.6% vs -1.9%
- USD PPI m/m 0.1% vs 0.2%
- MXN Industrial Production n.s.a. y/y -1.7% vs -2.7%
Politics:
- China offers olive branch t US by reducing tariffs on certain US products
- Trump talks with the Iranian president to arrange a meeting
Monetary Policy:
- Markets expect ECB to cut, but not sure on QE yet. With QE we'll see double-whammy
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
VIDEO ANALYSIS: EURJPY AT KEY DEMAND ZONEEURJPY is re-testing the key demand zone where we could see a reversal in current price.
The Euro has been gaining strength recently and with the CoT report suggesting a possible reversal in JPY strength.
The 4hr timeframe could be forming a 3 drive pattern. A break of last weeks highs will be ideal in confirming our
long bias.
Daily Analysis (Tuesday) 23rd July.Having a quick look over the pairs I trade and follow up of the Weekly outlook and setups. A lot of potential setups pending, so monitoring closely.
Expecting a reversal on NZD/USD, AUD/USD and if we manage to reverse on those pairs, I think EUR/NZD would be a nice reversal trade as well. All of them covered in the video!
Let me know if you liked it and if I should make more of them!
I wish you a profitable week!
Iliya Sivkov
If you haven't watched the Weekly outlook and setups: www.youtube.com
Pre London analysisHi everyone!
It's Max here, as always going live Pre London with few charts and setups that I am currently monitoring and can be ready pretty soon.
If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions.
Please don't take this as financial or investment advice.
I am doing these videos for my own record and development as a trader.
Feel free to reach out to me. I am more than happy to help with your journey!
Happy trading!