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EURJPY: 1D MACD Bullish Cross confirming uptrend.EURJPY is neutral on its 1D technical outlook (RSI = 52.622, MACD = 0.070, ADX = 26.202) and with the formation of a Bullish Cross on the 1D MACD, this shows the enormous upside potential the price has inside the 5 month Bullish Megaphone. We expect a quick rise to the 1.382 Fibonacci extension (TP = 168.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDJPY holding the MA50 (1d).USDJPY is trading inside a Channel Up since September. The price has tested, held and consolidated on the MA50 (1d) for the last 4 days (including today). This is a bullish signal, considering also that this is taking place near the bottom of the Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 164.350 (+6.20% rise). Tips: 1. The RSI (1d) is below its MA trendline, on a sideways pattern that is similar to the September 16th 2024 and December 3rd 2024 bottoms. Please like, follow and comment!!
Long
by TradingBrokersView
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
9
USD/JPY : Ready for more Fall?! (READ THE CAPTION)Upon analyzing the USD/JPY chart in the daily time frame, we see that the pair is currently trading around the 157.060 level. Given the recent price action, I anticipate a significant correction in USD/JPY in the near future. The first potential target for this decline is 156.25, so keep a close eye on this level! Stay tuned for updates as we track this movement together. Let me know your thoughts in the comments below! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
41
USDJPY consolidating before the next leg up.USDJPY is trading inside a Channel Up since September 16th and in the past 4 weeks has been ranging. This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern. The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity. Buy and aim for Resistance A at 162.000 as a short term, low risk target. Previous chart: Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USD/JPY Surges Higher:US Economic Strength Fuels Dollar MomentumThe USD/JPY exchange rate continues its upward trajectory, aligning with our forecast as robust US economic data bolsters the dollar. The price movement reflects the strong momentum of the USD, with the latest Commitments of Traders (COT) report indicating that commercial traders maintain a strong position, while retail investors are riding the wave. Our initial price target is set at 155.050, and beyond that, we anticipate a potential move towards 158.000, where a notable supply zone exists. Recent US macroeconomic indicators point to significant growth in the fourth quarter. Investor sentiment remains buoyed by expectations that the Federal Reserve may implement interest rate cuts in December. However, the Fed may emphasize the strengthening economic conditions and rising inflation, which could lead to a more hawkish stance in their forward guidance. Conversely, the Bank of Japan is widely expected to maintain its current interest rate levels during Thursday's meeting. This comes after indications of a possible 25 basis point reduction just a week prior. Dovish comments from BoJ officials suggest that the bank will likely postpone any decisions until January to evaluate how US policies under the Trump administration might affect the Japanese economy. Today's economic calendar highlights US Retail Sales, which are projected to reflect strong consumer spending. This, combined with positive services activity reported earlier this week, is likely to curtail any downside pressures on the US dollar, at least until the Fed meeting's outcome. We are optimistic about a continued upward movement in the USD/JPY pair. Our Initial Forecast: ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZDJPY bottomed being formed. Huge long-term buy.The NZDJPY pair gave us an excellent sell signal back on our July 10 analysis (see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up: The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July - August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line). That was the first strong long-term buy signal. Since then, the price has been consolidating within the 1W MA50 (blue trend-line), which has already rejected the uptrend multiple times and the bottom (Higher Lows trend-line) of the Channel Up. The second buy signal came this month, as it made a Double Bottom on the Higher Lows trend-line of the Channel Up. This whole sequence is very similar with the bottom formations of Jan - April 2023 and December - February 2022. Both started new Bullish Legs and never looked back once the price broke above the 1W MA50. So the confirmed buy signal for this pair will be if a 1W candle closes above the 1W MA50. If that happens, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY Strong bullish break out inside the Channel Up.GBPJPY is having its strongest (1d) candle today in almost 18 months. The main pattern is a Channel Up and this rise is extending its new bullish wave. The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise. Trading Plan: 1. Buy on the next MA50 (1d) test. Targets: 1. 204.500 (+8.70% rise). Tips: 1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave. Please like, follow and comment!!
Long
by TradingBrokersView
CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity. The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GBPJPY: Channel Up rally has started.The GBPJPY pair is neutral on its 1D technical outlook (RSI = 49.167, MACD = -0.620, ADX = 31.719) as so far it remains under both the 1D MA50 and 1D MA200, which are very close to each other. Basically today we are having a clean technical rejection on those two. In spite of this, the prevailing pattern is a Channel Up and we have already started the 3rd bullish wave. The two prior started after a 1D RSI Bullish Cross and the shortest one has been +7.34%. We are aiming for this extension (TP = 201.900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development. It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level. As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY Channel Up bottomed. Very strong BUY.USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction. It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift. Trading Plan: 1. Buy after the price crosses above the MA200 (4h). Targets: 1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension). Tips: 1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
USDJPY: Technical buy opportunity on RSI fractal.USDJPY turned bearish on its 1D technical outlook (RSI = 41.175, MACD = -0.460, ADX = 31.807) as it crossed under its 1D MA50 and has failed to recover it this week. Yet, this is technically a buy opportunity in disguise as this is the exact same pattern that the price did on the March 24th 2023 Low. After the initial bullish wave start of the long term Channel Up, the price pulled back again and formed that low with the RSI at 37.000. This is the level it is right now as well. We expect the bullish wave to resume the uptrend like it did then. We are again targeting the 1.786 Fibonacci extension, only a bit lower on the R1 level (TP = 161.870). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
CHFJPY: Bearish wave of Channel Down unfolding.CHFJPY is bearish on its 1D technical outlook (RSI = 41.014, MACD = -1.180, ADX = 47.694) as it is more than halfway on the new bearish wave of the 5 month Channel Down. Having crossed under both the 1D MA50 and MA200, the 1D RSI appears to technically be on a level much like the July 25th rebound. This indicates that we are on an ideal sell entry. Short and target (TP = 164.300) the full -7.43% extension (the decline of the July-Aug bearish wave). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUDJPY: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
CHFJPY expected to bottom soon. Unique long-term buy opportunityThe CHFJPY pair has been trading within a long-term Channel Up pattern for more than 2 years (since the September 22 2022 High). More recently on September 16 2024, the price bottomed on its Higher Lows trend-line and the subsequent rebound to the 0.786 Fibonacci retracement level, initiated a new pull-back that broke yesterday below its 1D MA200 (orange trend-line). This is identical to the Channel's previous bottom formation in January 2023. The rebound that followed also got rejected near the 0.786 Fib and retraced all the way to the 0.236. Then it started a relentless Bullish Leg all the way to the 2.0 Fib extension. Even the 1W RSI sequences between the two fractals are identical and we are at the point where the RSI is about to break below its MA and give the buy signal. As a result, we turn bullish on the CHFJPY pair, targeting 188.000 (near the top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1