Preferred direction: BUY Comment: The currency pair continues to trade above the level of 0.66460 , and at the beginning of this week, we maintain our buy priority for this instrument, as well as the scenario. Today, both scenarios are relevant, and until the support level of 0.66460 is broken down by sellers, the bullish mood will persist. It should be...
Preferred direction: BUY Comment: It didn’t take long for us to realize our previous trading idea for the euro . At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI , against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar. The most...
RISK : 2 % USDJPY: A Wide - Waiting for FOMC This Time The price is close to old levels and the likelihood of a possible intervention by the BOJ will increase It was the only price zone where the BOJ intervened last year.
Trade Idea: Buying USDJPY Reasoning: Pullback into newly formed support on the daily. Entry Level: 138.104 Take Profit Level: 139.58 Stop Loss: 137.50 Risk/Reward: 2.4/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Price action trading is the most easiest and simplest way of trading no need for fancy smancy indicators or emas or systems just Naked Long term charts showing where price has turned before and before that and before that again happy trading
The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week. We continue to see sharp volatility in the currency markets and the Japanese yen has not been immune to the turbulence. Risk apprehension has...
The flight in the dollar has a negative impact on the GBPUSD pair as well. It is assumed that today the price will again go down to 1.33525 and possibly even lower. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
With perfect structural reaction to current market technologies and the illiquidity of international DMMS, we may be in for a long break. Some financial markets are relieved, as they had expected a headline rate closer to 7%. The government's consumer price index showed 6.8% annual inflation in November, down from 7.8% in October. It was still above the 7% level...
➡️ As it was indicated in the forecasts earlier: the cryptocurrency is preparing for a small sale, and maybe a big one. Bitcoin is expected to be at the forefront of all of this. The price is trading near the psychological and round 60,000$ level. Most likely, buyers have lost this milestone and now, in a hurry, they would go to 55580.50$ . The Sell Entry...
And so, the CHFJPY currency pair broke through after consolidation (trade balance) and rushed even higher. At this stage, without further ado, the tool is in an upward movement that does not go beyond the uptrend channel. The pair approaching the support line allows us to consider buying from this border. Remember, there is no place for luck in trading - only...
The pair was supported by rising Treasury yields, which, in turn, supported Japanese exporters and the Nikkei 225. The Nikkei's spectacular rally put additional pressure on the safe yen. The yen weakened against all currencies in principle, which could be observed on the charts (about the same impulsive movement as for the USDJPY pair). A breakout of the...
#105 sell range: 104.205 Targets: 104.130- 104.055- 103.980 Stop loss The first goal: the profit to loss ratio is 1: 1 (104.280) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 104.205(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
The support line is actively helping the price grow up and is already actively striving for its target. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
My bias for USDJPY is still bullish, but first the pair need to complete the triangle pattern.