JASMY jasmy "wedge view"This is the wedge view for Jasmy based on 100 day and 50 day past moving averages trajectory leading up to Nov 1st 2024. The range anyway. This does not mean the price is subject to necessary stay within the boundaries of the purple lines drawn as much as the projected outcome for the price in a variable sense according to today from the indicator I use. Obviously, BTC movement seems to always impact the rest of exchange traded cryptocurrency tokens or coins so when the price of BTC fell so did everything else. Seems like a cop out for the price of cryptocurrency trends to always fallowe BTC necessarily considering how indicators should in some ways tell a different story for different cryptocurrency.
Tokyo
Market tests BoJ with yen at 1986 low The Japanese yen tumbled beyond 160 per USD, marking its weakest level since 1986. This is a critical threshold that previously prompted intervention by Japanese authorities. In May, Japan depleted a record ¥9.8 trillion to bolster the yen.
Masato Kanda, Tokyo's top currency diplomat, attempted to mitigate the surge above 160.00 with strong verbal interventions, yet he mentioned no specific target level. This ambiguity was perceived by some market participants as a green light to drive the pair to 160.82.
The lack of immediate intervention from the Bank of Japan post-160 breakout raises questions: Does this signal an open path to the next psychological levels?
In June alone, the yen has slipped roughly 1.5% against the dollar, extending its year-to-date decline to about 13%. Should there be a retracement from the previous 160 intervention level, buying interest is expected to resurface around the 158.00 support, aligning with the 38.2% Fibonacci retracement level.
Fundamentally, traders are eyeing tomorrow's US Jobless Claims data, followed by Tokyo CPI and US PCE releases on Friday, which could be critical in shaping the next moves in the yen.
Ride the Japanese Wave, Don't Grab That China Falling KnifeIt was nearly three years ago when the China stock market notched a short-term peak. Recall how the world's second-largest economy was initially seen as a growth engine coming out of the worst of the pandemic. An authoritative regime in China, led by President Xi Jinping, crippled the economy's expansion trajectory through harsh ongoing lockdowns and by clamping down on many industries, one after another. Then in early 2023, hope sprang eternal that China would re-open amid a burst of consumer spending, a la what was seen during the 'revenge travel' period in the United States back in 2021 and 2022. That did not come to fruition, and the Hang Seng Index is now down by more than 50% in the last three years.
With all that turmoil going on in China, Japan's Nikkei 225 Index has continued to soar. Up more than 20% since February of 2021, the once sleepy Tokyo stock market features among the best momentum readings of all countries. Based on these trends, sticking with the 'long Nikkei, short China' trade should keep working, in my view. Another way to play it is by being long developed market stocks and avoiding emerging market funds (which still have a roughly 20% allocation to China).
Finally, while China trades at a single-digit P/E ratio today, Japan is by no means expensive. Goldman Sachs notes that the country's current 12-month forward earnings multiple is just 14.9, about average compared to its 20-year history (Asia-Pac ex-Japan is 12.3x, for perspective). Interestingly, Japan is back up to 6% of the global stock market allocation while China has sunk to just 3%. Perhaps it is indeed the land of the rising sun while China is a classic "sub"-merging market.
A solid ETF to play Japan continues to be the WisdomTree Japan Hedged Equity ETF (DXJ) which hedges exposure to the Japanese Yen. The ETF has a solid track record of outperforming other Japanese country funds.
Euro Ascendancy: Unveiling EURJPY's Resilience Post-TokyoEURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements typically associated with economic data announcements.
Technical Analysis:
The currency pair currently positions itself near a robust demand zone identified at the 163.720 level. This zone has demonstrated significant resilience in previous periods, creating opportunities for potential further strengthening. In the realm of technical analysis, the target for strengthening is set at the 167.660 level, reflecting the pivot point since August 2008.
Supporting Factors:
Euro Strength: Despite a minor correction, the Euro maintains its resilience. Fundamental factors, such as the conservative monetary policy of the ECB, provide robust support for the Euro, particularly after touching a strong demand zone.
Japanese Inflation:
Despite a modest increase in Japan's CPI by 0.1% since October 2023, this can be viewed as a relatively insignificant impact that merely resulted in a temporary correction, presenting opportunities for short-term strengthening.
Historical Price Movement:
Historical price movement analysis indicates that EURJPY has the potential to reach its highest level since August 2008. This is attributed to the high-interest-rate policy implemented by the ECB in recent times, acting as a catalyst for this strengthening. Notably, the Euro has shown a robust increase against the JPY since October 30, 2023, with a notable surge of 3.44% as of the time of writing.
Risks and Considerations:
It's imperative to remember that trading always involves risks, and market conditions can change rapidly. Risks associated with changes in ECB policies, Japanese economic data, or geopolitical factors should be vigilantly monitored.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Trading decisions should be based on in-depth analysis and an understanding of associated risks. Trading always carries risks, and past performance does not guarantee future results.
TKYO.N0000TKYO might drop to 200DMA range. That will be a good support level.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
TEL 8035 TOKYO ELECTRON LongAll TEL Group Companies in Japan Achieve a rate of 100% renewable energy usage
Tokyo Electron
announced that all TEL Group companies in Japan*1 achieved a rate of 100% renewable energy usage at plants and offices*2 in fiscal year 2023*3 as a result of its drive to use renewable energy (electricity) that began in April 2021. Through this initiative, TEL was able to eliminate greenhouse gas emissions arising from electricity consumption in Japan, and reduced about 150,000 tons of CO2 emissions during the year.
In fiscal year 2023, our collective renewable energy usage rate in Japan and abroad was around 91%, and we reduced about 160,000 tons of CO2 emissions worldwide during the year.
Trend bullish
long
trend continuation factor: Positive
TKYO.N0000Wait for pullback to 50-52
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
☀️MAKING SENSE OF FOREX TRADING SESSIONS🌝
⭐️The Basics
The forex market is open 24 hours a day during the weekdays which allows traders to potentially trade all day and all night.Knowing the forex market’s operating hours is essential for a trader. You need to know when the forex market opens and closes as well as the four main trading sessions.
⭐️Forex Trading Sessions
Just because you can trade the market any time of the day or night doesn't necessarily mean that you should.
The best time to trade is when the market is active with lots of forex traders opening and closing positions, which creates a large volume of trades. The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session.
• Sydney is open from 9:00 pm to 6:00 am UTC
• Tokyo is open from 12:00 am to 9:00 am UTC
• London is open from 7:00 am to 4:00 pm UTC
• New York is open from 1:00 pm to 10:00 pm UTC
⭐️Forex Trading Volume
You can make money trading when the market moves up, and you can make money when the market moves down. But you will have a very difficult time trying to make money when the market doesn't move at all.
In order for the market to move, lots of trades need to occur. And this is why you should focus your energy during specific trading sessions.
The forex trading sessions are named after major financial centers and are loosely based on the local “work day” of traders working in those cities.The more traders…trading, the higher the trading volume, and the more active the market. The more active the market, the tighter the spreads you'll get and the less slippage you'll experience. In a nutshell, you'll get better order execution.
⭐️When is the best time to trade forex?
During the weekdays, there’s always at least one forex trading session open although there are periods of downtime when the market is really quiet and trading volume is low or “thin”. You usually want to avoid trading when only one trading session is open and instead, wait for trading sessions to overlap. When two major financial centers are open, the number of traders actively buying and selling a given currency greatly increases. The highest trading volume occurs during the overlap of the London and New York trading sessions. More than 50% of trading volume occurs at these two financial centers.
⭐️Currency specific sessions
The best time for you to trade forex will depend on which currency pair you’re looking to trade.
Most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, AUD/JPY will experience a higher trading volume when both Sydney and Tokyo sessions are open. And EUR/USD will experience a higher trading volume when both London and New York sessions are open.
Thanks for reading bro, you are the best☺️
✅Gimme a like and the Gods of Trading will favour you this week👍
Dear followers, let me know, what topic interests you for new educational posts?
USD/JPY Technical analyses 20th March 2022USDJPY bullish
Trends:
1W: Bullish
1D: Bullish
4H: Bullish
Trade case 1: This week UJ is low on the list for expected setups due to the extreme surge of volume we’ve been seeing.
We simply have no structure whatsoever. The best thing we can do is wait for price action to retrace instead of trying to buy into this rally.
Ideally, price action pulls back to form structure. Technically we could see price action fall as low as our 78.60% fib level and still remain bullish structure on this daily timeframe.
Look to take long scenarios off-key fib levels and target back toward 120.000 resistance.
Trade scenario 2: The only other scenario that could take place and make sense would be… price action continues rallying and actually breaks through 120.000 resistance
IF this happens we still need to see a structure of some kind so look for higher lows above 120.000 that line up with key fib levels.
When you see a high surge of volume on a currency pair or any asset your trade opportunities greatly diminish. The market needs time to resume more normal movement.
Waiting is often the only option.
Tokyo Session Range + Weekly StatsReviewing statistics
Reviewing todays price action. Price has ranged between Tokyo's high and low range. London and New York's session price action has not yet broken out of this range.
Looking at the range so far this week $4850, the average weekly range is $7475.
Waiting for Tokyo open for more price action.
GoldViewFX - TRADING SESSIONS & TIME ZONEThe gold market is open 23 hours a day for trading and this gives traders across the globe flexibility to trade at anytime they want.
The significant 3 sessions are TOKYO , LONDON and NEW YORK
Its important to understand when these cities operate for business, as they are the big movers for the market. Naturally the action will take place when these cities are transacting in their normal working hours. Please always refer to the correct time zone for your country to be ready for any activity or fundamental events.
This will then allow you to watch, manage and react to peak times of the market and its movement, which helps us with exits and entries.
We share all our posts across all platforms in GMT for UK.
ASIAN SESSION (TOKYO) - 11.00PM TO 7.00AM GMT
EUROPEAN SESSION (LONDON) 8.00AM TO 4.00PM GMT
NORTH AMERICAN SESSION (NEW YORK) 1.00PM TO 9.00PM
Hope this post helps some of the newbies.
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GoldViewFX
XAUUSD TOP AUTHOR
TKO - buy after that...🚧TKO - preparing to break the key $2.22 level. Which acts as strong resistance. Previously, the price tried to break this level, but failed so far (marked with a red arrow + rising volumes, which is a bad signal).
Now the price is slowly moving towards the level. A good buying opportunity will be after a breakdown or a retest of $2.23.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TKO - the best project for hodl ❗❗TKO is a very cool project from a fundamental point of view.
The token performs several functions on the Tokocrypto blockchain platform and allows users to participate in cryptocurrency exchanges, deposit and savings programmes, cross-platform DeFi applications and NFT marketplaces. Tokocrypto platform was created in tandem with Binance, which serves as a significant support for the project and its further development.
The coin has moved from the bottom of the triangle, which serves as strong support. It is now in a range near the resistance level. It is very likely that this level will be broken and the next target will be the area marked above.
The long term target is at $9-10.
If you want us to analyze your coins, write their ticker in the comments.
TKO - one of the best project 🔥🔥TKO is a very promising project from a fundamental point of view. The capitalization is small, which is very good. Long-term potential is 5-10x.
On the chart, a triangle pattern has formed on the higher timeframes. Now the price is near the lower boundary, a good opportunity to take a long-term position with low risk. The best buying opportunity will be after a breakdown of the local trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
buy 6J1! 30.06.2020hello dear traders, 6J1! is going finally up (bullish trend ) and that is good news ,and as probabilities shows that market will have a strong resistance, and there is a 20% that in that resistence market will be back in bearish trend, but in other way probabilities shows again that there is 80% that market will break that resistance to become a support and in that case we double our position))