Get started

Jpyshort

Strategic short on AUDJPYHere we are actively in the market for further downside in AUDJPY after retesting 78.6. => From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake. => The "positive" headlines this morning from the US-China trade is increasingly priced in and we see this as a selling opportunity as there is limited upside in AUD from a potential deal. => JPY should also catch a bid from US outflows. Headwinds are appearing in earnings and global growth is also slowing. The risk here to our idea is on the top-side. To give a meaningful break we would need to see a pickup in global growth which in turn will support commodity demand.
Short
by ridethepig
USD JPY - Another potential huge short swing tradeAnother potential JPY swing trade. As discussed in my previous idea USD JPY was strongly rejected at the resistance line and has been making a move south since. Now is a good time to enter after the rejection at the resistance level and the seeming continuation candle that is currently forming. As with all JPY pairs be prepared for this to drop very quickly when it does. Again it may be worth entering and using a hedge buy position as your stop loss as this downward trend is very strong and not likely to change any time soon so you can hedge in and out whenever there are pullbacks/retracements to limit your risk but the overall trajectory is down so you want to stay in this one for the longer term. I expect USD JPY to eventually hit 100 in the next 1.5/2 months so now is a good time to get your short positions in place to profit from this movement. However as with the flash crash of last week I expect the pullback to be hard once it reaches this price level and USD JPY will be the chart to watch for the right time to exit all open JPY trades. It may be safer to get out at ~101 however if you know what you are doing and know when to spot the exit you should be able to squeeze a bit more profit from this trade. You can also look to using buy orders as a hedging strategy however if you have multiple pairs open then its safer to use a hotkey to close all positions as when the buyers come in they will come in hard. If you really know what you are doing you can line up your hedge however this is more risky as it's more uncertain although it does give you the opportunity to profit further if the USD JPY continues to sub 100 levels as seen between 2010-2012 (75-85 USD/JPY). I will be publishing some more ideas about the US indices that I trade and what I expect to happen to them however they are closely (negatively) correlated to the strength of the JPY in my opinion. The JPY has been seen as a safe haven asset (hence the flash crash last week as buyers rushed in) and the BOJ have openly stated that they have no further stimulus to keep the currency within a specific range since they have exhausted these tactics in 2017 (please see this link ). The JPY has a long way to fall and is a great trade to get into in terms of a swing trade. It has very strong momentum and a very limited upside risk which can be hedged, this trade seems more a question of how long it will take to play out as it largely depends on other macroeconomic factors as to the pace of which this can happen. That said, of course I could be wrong! Note, I currently have short positions on all JPY pairs as I believe they will all perform in a similar manner as we saw with the flash crash last week. That said I am not going to create ideas for all currency pairs as they will all be similar as with the USD JPY and EUR JPY analyses I have done however would recommend others to do their own research into this and to enter if you agree with my analysis. If you like this analysis please give me a thumbs up and please feel free to comment as I am passionate about sharing ideas with other traders. Happy trading everyone! Alex
Short
by BullMarkets
EUR/JPYI am expecting the price to continue its price rally that begin last week. The price bounced off an ascending trend line which began in June 2016. It has also bounced off a support at 126.6 However, I will be looking for a short-term correction before entering a long position on this pairing. Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. If you stick by a smart trading plan you can substantially reduce your exposure to losses.
Long
by StirlingBishop
I HATE following the crowd, but they're right about USDJPY. USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is a short-biased across the currency market as it relates USDJPY. As it stands, JPY is very strong and had a great run over the past few weeks. The strong Yen will continue to push USDJPY down over the next few (possibly 2 to 3) weeks, but will slowly fade (in my opinion). Good news and feelings can only last so long. After the JPY bullish bias fades and the US Market picks up, I expect this pair to rise. My short term opinion follows the rest of the world in seeing USDJPY bearish. This bearish move is good for a couple of hundred pips, BUT the long term 1000+ pip move will come from a longer-term bullish move, in which I believe the USD will rake the floor with JPY. Let me know what you think, would love to hear your opinion. Click on the reply button and leave your comment. USDJPY Thank you for reading. Wish you much success - StampsFX
Short
by StampsFX
USDJPY Needs to find its wayWith the start of the year Banks started to talk about YEN will be stronger in 2018. With this move USDJPY and other YEN pairs started to hype up. Even Unemployment rates' news came positive from US side didnt effected chart well to take it up back to 113. band. We saw the USDJPY moves and consolidates around 112.80 and 112.20 band. With todays Eu session opening we expect a bit higher points around 112.40 which fibbo %78.6 holds abd also minor-major uptrend line. If we see a breakdown on trend chart will continue its way up till 112.80. If it bounces back it will retest our supportive area at 112.20 -112.
Short
by mert.kucukengin
CADJPY testing major resistance!Price is now testing major resistance at 87.81 (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this price. Our next major level of resistance is at 88.01 (Fibonacci retracement) and our next major level of support is at 87.34 (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance at 99% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
NZD, CAD, AUD / JPY Still could Drop if it Bounces off this LineMoney floods against the Grain. NZD JPY, CAD JPY, and AUD JPY's could all drop at any moment now. My Strategy is basically a basket trade shorting /JPY pairs while they are in larger time frame downward trends; while referencing other charts that are strongly correlated. AUD CAD, GBP JPY, are positively correlated to the AUD JPY at about 81% and 92% respectively. EUR AUD, USD CAD are negatively correlated with CAD JPY at -95% and -83% respectively. Of course, all of the /JPY's have a strong positive correlation, but I personally believe that AUD, CAD and NZD to be the most correlated. I am Shorting CAD JPY, AUD JPY and NZD JPY. Of which, the NZD JPY has been the most profitable for me. It is also the closest to the end of its parade at 75.6. I do believe there is more drop left in these wonderful pairs. At this moment in time, I believe that all three of these pairs still are able to drop and drop hard when they do. Because of this I try not to scalp these pairs as their drops could happen very suddenly. Currently (11/21 5:30), CAD JPY and AUD JPY are at a bit of triangle compression (reference a 15 min chart to see this) after breaking through strong hourly resistance levels. Once, one of these three show significant downward movement expect all three of them to fall together. At that point, I recommend you to Sell down to their support levels. If they break through their support, please sell further shares down to their previous hourly supports. So what again are we watching for on these three pairs? The triangle break outs that are soon to happen on AUD JPY, and CAD JPY on the 15 min chart. Also, we are watching what happens to the NZD JPY when it reaches that mid level resistance line within its established hourly channel (ref posted chart). Please feel free to ask any questions
Short
by PipMiesterStronger
AUDJPY longYesterday trade balance in Australia was below expetations (0.86B vs. 1.78B) which deppreciate AUDJPY below 87,5. Nevertheless today's retail sales was quite optimistics (0,3% vs. 0,2%). It's not a perfect data compared to the last read of this publication (0,6%), but fact that AUDJPY is now in support area and also Japan 10Y bond yield are descending, it could be nice opportunity to long entry in AUDJPY. It's also mid-term uptrend on this pair and as we all know: "trend is your friend".
Long
by Krzysztof_Kaminski