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JXY

Going Short in JXY Japanies Yen Index.Bullish Indication. Bulliish trend intact. Price value in between 1hour resistance zone Bullish parallel channel intact JXY seasonaly moderately bullish Trade plan to Buy / Long position Entry point above the support / resistance zone @ 75.75 Stop Loss below the support / resistance zone @ 75.15 Take profit below the support / resistance level @ 77.25 Bearish Indication. Bearish candles formed Price value within the support channel Price under the 4 hour trend line Trade Plan to Sell / Short Entry price below the support / resistance zone @ 75.15 with bullish candle Stop loss @ above upper limit of support / resistance channel @ 75.80 Take profit on the middle support line @ 74.41
TVC:JXYShort
by dilsnqamz
AUDJPY Potential Buying Opportunity!Hello Traders, In this Today's trading session we will be monitoring AUDJPY for a Buying opportunity in and around 93.6 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers! - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
Long
by BiggainLTD
4
USDJPY Take Risk on Swing Trade with Small Volume149 remains a crucial level for near-term price action and then the 150 psychological level. The RSI remains in overbought territory however, pullbacks have proven to be short-lived even if we do see a reasonable move lower on talk of possible intervention – which may be implemented during periods of lower liquidity. For now, the trend remains to the upside as it appears markets are happy to test Japan’s resolve. Support comes in at the prior high of 147.69 The 4-hour chart reveals what appears to be a ‘bull flag’ – a typically bullish formation. HOWEVER The longer USD/JPY trends higher, the likelihood of intervention increases meaning risk management becomes ever more important in a trend following strategy at these extreme levels. ________________________ If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it. Don't forget to Follow, and comment your thoughts below, or simply a Boost button if you found it helpful. That encourages me a lot to share my ideas!
Short
by BuyDinhSellDay
2
Japanese Yen Bullish Divergence on DailyTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
TVC:JXYLong
by Michael_Harding
3
YEN CROSSES ON THE RISE | USDJPY CADJPY GBPJPY JXY, Yen has technically taken out the support and price slides further downside. All the crosses looks like to make all time high specially USDJPY BoJ Stance: BoJ would adhere to its ultra-loose policy until the Bank achieved its inflation target of 2%. With Kuroda doubling down on the Bank’s accommodative policy, the risk for the yen is clearly tilted to the downside, barring a decline in US Treasury yields. ----- How you do see the direction of Yen in future.
TVC:JXY
by JustTradeSignals
1
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%. The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine. Spotlight on the currencies of Ukraine’s neighbours The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022. The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%. Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
TVC:SXY
by BlackBull_Markets
Yen Index - Top Down AnalysisStarting with the 4 hour timeframe, the yen is finally starting to show some life as the oscillators give several indications. On the larger timeframe (reference charts below) you can see we're also testing the descending support. For now, I'm not suggesting a complete a reversal put a possible pullback towards the mid-channel pivot is warranted. Let's now take a look at the daily timeframe. == DAILY CHART == Taking a look at the daily view, stochastics and RSI are indicating oversold conditions as we approach the descending level of support. We might see a potential pullback up towards the orange area as illustrated on the chart. This would be approx. a 100+ pip bullish upside reward for those that are willing to take on risk at this 6 year low. At this point, overall the trend is bearish until price-action is able to climb above the 200 SMA. Lastly, let's take a look at the weekly timeframe. == WEEKLY VIEW == The weekly perspective prints price-action testing the lower descending resistance trendline. RSI is also showing some lack of bearish momentum as the oscillator bounced off 30. We still need to wait for MACD to give us some final confirmation before instilling some confidence of a possible pullback. If we get a bullish pullback, monitor the bearish mid-channel pivot for resistance as it coincides with the previous low on the weekly timeframe . == IN SUMMARY == The Japanese's Yen is near a 6 year low as the war between Ukraine and Russia worsens. This doesn't mean however the market will disregard this opportunity to buy low. The overall trend is obviously bearish so for those that are seeking a possible scalp, be sure to position manage the trade as price-action may decide to continue the bearish trend at any given time. -- That's it. That's all. Trade safe. All the best. Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
Long
by Michael_Harding