💵Euro/Japanese Yen 💵 Analyze(01/05/2023)!!!Euro/Japanese Yen moved as I expected in my previous post.✅👇
Euro/Japanese Yen was able to break the downtrend line.
Also, we can see regular divergence (RD+) between MACD Indicator and Price.
I expect Euro/Japanese Yen will go up to the resistance zone/line.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Japaneseyen
💵U.S.Dollar/Japanese Yen 💵Analyze (01/09/2023)!!!If you would like to know my 🗺️roadmap🗺️ on U.S.Dollar/Japanese Yen, sees the post below. (According to my analysis, it moved beautifully 😎✅)👇
The U.S. Dollar/Japanese yen is moving in the support zone, and according to the theory of Elliott waves, the end of wave A could be in this zone.
Also, U.S. Dollar/Japanese Yen can form an Inverted Head and Shoulders Pattern, and this itself can be a sign of the end of the recent downward trend.
I expect U.S. dollar/Japanese Yen to rise to at least my 🎯target🎯 after breaking the downtrend line.
🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CADJPY 1D Death Cross but bullish divergence short-termThe CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target:
The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a sustainable rise only if the RSI breaks above its Lower Highs trend-line.
On the long-term the 1D Death Cross formed on December 27, confirms that the trend switched to bearish but on the short-term the 1D RSI Higher Lows since December 05 being a bullish divergence against the Lower Lows of the price, favors a rebound not just to the 1D MA50 (blue trend-line) but also the 1D MA200 (orange trend-line), but again we need the RSI Lower Highs break-out confirmation.
If however the pair breaks below the 1W MA100 (red trend-line) earlier, we will resume selling, targeting the 0.5 and 0.618 Fibonacci retracement levels in succession.
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USD/JPY Possible SetupPrice has been in decline since October last year and we
are currently seeing strong momentum from a major support level,
if price breaks above descending channel, we may get a confirmation
for a bullish change in trend, resistance below 133.851 will indicate further downtrend
continuation.
CHFJPY Bearish long-term within a Channel Down.The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07):
By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test the 1D MA50 (blue trend-line) and seek direction on the 1D MA100 (green trend-line), which has been its long-term Support during the October 08 2021 - November 11 2022 uptrend. A rejection there maintains the downtrend and targets the bottom of the Channel Down and 1W MA50 (red trend-line).
A break above the Channel Down invalidates the pattern. A break below the Higher Lows trend-line (since the September 20 2021 Low) targets the lower Fibs long-term (0.5 through 0.786) in succession, which as you see formed strong pressure zones during the uptrend.
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GBPJPY | Rising Channel Formation..!!
#GBPJPY Rising Channel Formation in Weekly Timeframe Chart..!!
In Case of Downside Breakout, Expecting +1500-1800 Bearish Wave in Midterm..
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💱USD/JPY Chance For A Correction💱💱USD/JPY Chance For A Correction
💱The Japanese yen today scored a strong wave of appreciation.
💱But the end of the day lifted the price a bit.
💱Looking at the candlestick formation and price action it looks like there is a good chance to make a small upward correction.
💱I established a support zone near the recent lows.
💱The resistance zone is located around the 0.236 level of the entire downward wave.
💱The scenario I am playing out is the execution of a small upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
USDJPY| The NEW 2023 USDJPYI'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate.
After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices.
Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining.
I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation?
I love putting this puzzle together.
What are your thoughts on USDJPY?
💵Euro/Japanese Yen 💵 Analyze(12/30/2022)!!!💥☃️🌲☃️💥💐🌲Merry Christmas 💥💐🌲☃️
Euro/Japanese Yen was able to break the support line with a candle with a long red body.
Euro/Japanese Yen completed the pullback.
I expect Euro/Japanese Yen will go down minimum to the support zone.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPJPY , SHORT Resault: 700 pips✅GBPJPY is preparing for a very good sell position and I am entering within the specified range
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According to my risk and capital management system, the risk of each trade is one percent per position.
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Gbpjpy shortGBPJPY is preparing for a very good sell position and I am entering within the specified range
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
Is the Yen rally over?The truth is that I don't know if it's over or not. It certainly feels like the USDJPY pair is going a lot lower, given that the Fed is very close to pausing and cutting rates in 2023. Deflation has always benefited the Yen, which might be the case again. The BoJ took the best stance of all central banks, as they held rates low and provided liquidity when the global economy was slowing down and would very clearly go into a deep recession in 2023-2024. Eventually, rates elsewhere will go down, but rates in Japan will be pretty much the same (go down a lot less). Therefore, the JPY could outperform everyone else.
However, there is a chance that USDJPY is about to bottom. It's very close to testing a key area; I think it will sweep the double bottom and bottom at the S3 monthly pivot. If there is going to be a bottom soon, that's where I expect it to be. If the USD is to bounce quickly, that's where I expect it. It feels too early for the dollar to collapse outright, and maybe we will get a mini inflation scare before we move properly into deflation.
So this is my bullish scenario. Fall slightly below 130 and then slowly go back up. 135.8 is the first target, and if 138 is reclaimed, the next target is 145.
💱USD/JPY End Of Downward Correction💱💱USD/JPY End Of Downward Correction
💱Today we made a downward correction which with its range brought the price to the support level set in the previous post
💱The technical environment still favors growth so I am not worried about my upward scenario.
💱The scenario I'm playing out is the continuation of growth to the vicinity of the 0.236 level of the entire downward wave from the peak to the current bottom. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
AUDJPY No confirmed buy signal yet. Mind this sell level.The AUDJPY pair has been on a 1 week rise (since the December 20 low) after it (almost) hit the 1W MA100 (red trend-line), which is the long-term Support line November 04 2020. This is not a confirmed buy signal yet as the price remains below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) which formed nine days ago a Death Cross pattern (technically bearish).
A similar 1D Death Cross, in terms of candle action, has been formed on August 20 2021. AUDJPY had again made a low and started to rebound but (following a 1D MA200 rejection) it only turned bullish after the Lower Highs trend-line from the previous Top broke. That is again our buy confirmation level and we will buy only above this level, targeting (as in 2021) the 98.720 Resistance.
On the other hand, a break below the 1W MA100 and even more so the (dotted) Higher Lows Zone, would be a sell signal, targeting the 2021 Support Zone, which is made of a cluster of Support levels through that year.
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USDJPY: Your Detailed Trading Plan 🇺🇸🇯🇵
Hey traders,
USDJPY is trading in a bearish trend on a daily.
After the price set a new low 20th of December, the market started a correctional movement.
The pair is currently approaching a solid confluence zone based on fib retracement levels, a trend line and a horizontal structure.
To short the underlined area with a confirmation, watch a rising channel on 4H.
Its support breakout (4h candle close below) will be a trigger for you to short.
Initial target will be 132.7
Alternatively, a bullish breakout of the trend line will push the market higher.
❤️If you have any questions, please, ask me in the comment section.
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💱USD/JPY Opportunity For Continued Increases💱💱USD/JPY Opportunity For Continued Increases
💱This post is a direct continuation of my previous post:
💱After the declines of December 20 due to the intervention of the Bank of Japan, the USD/JPY is doing quite well in terms of increases.
💱It can be seen that the sentiment is still pro-growth.
💱Also, the technical environment supports pro-growth scenarios.
💱It looks like there is a high probability of reaching the resistance zone marked on the chart, which is located around the 0.236 level of the entire downward wave from the peak to the current low.
💱I determined the support zone based on where the price has repeatedly found support as well as resistance.
💱The scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPJPY: The Zone on Focus 🇬🇧🇯🇵
GBPJPY is nicely recovering after a strong bearish wave.
On focus is 163.1 - 164.3 area. It is a broken demand zone that turned into supply zone now.
I believe that the market will drop from that.
Patiently wait for its test and wait for a confirmation on lower time frames to short then.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
💱USD/JPY Time for correction💱💱USD/JPY Time for correction
💱The Japanese yen has shown strength in the last week, on Tuesday we moved down more than 4% due to the Bank of Japan's intervention.
💱After landing on a strong support zone, we began to form a small upward correction.
💱In my opinion, there is a chance that it will even reach the vicinity of the nearest resistance zone, after which there is a good chance for the continuation of declines.
💱The technical environment is still very pro-downtrend, but in my opinion, from the current levels, there is little chance for the continuation of the declines.
💱The scenario I am playing out is the execution of an upward correction, after which I will watch and look for opportunities to continue the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💱Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
EURJPY This will determine the trend for the next 3 monthsThe EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade:
At the moment, as long as this week's low holds, we are expecting the Channel Up to make a Higher High within the 2.0 Channel Fibonacci and 4.5 horizontal (151.000 - 152.550) in the next 3 months. However, with the RSI on the 1W time-frame on Lower Highs while the price has been on Higher Highs, indicating a huge Bearish Divergence, we will turn bearish if the price breaks below this week's low and target the 132.000. The 1W MA200 (red trend-line) is the long-term Support.
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NZDJPY: The Next Bearish Wave 🇳🇿🇯🇵
Hey traders,
NZDJPY broke and closed below a major wide demand cluster on a daily.
The broken structure 83.8 - 85.0 turned into resistance now.
It looks like the pair is quite oversold at the moment.
The market will most likely retrace to the underlined area
and a bearish wave will initiate then.
Goal will be a rising trend line, matching the last higher lows.
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NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY broke and closed below a major demand cluster:
83.8 - 85.0 area turned into resistance now.
I believe that the pair will keep falling.
Next goal for sellers - major rising trend line.
❤️If you have any questions, please, ask me in the comment section.
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CADJPY: Can We Drop Lower? 🇨🇦🇯🇵
CADJPY formed a cute doji candle on 4H.
Analyzing hourly time frame, I spotted a cute double top.
Taking into consideration that the market is trading in a sharp short-term bearish trend,
bears may keep pushing the pair.
Goals: 96.26 / 95.9
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