there was short-term bullishness, but it was not clear that it was going to last. I had no directional bias. I should have had more confidence in the bullish move, which has continued, printing new higher support levels and invalidating the resistance at 112.06. There is also a long-term bullish trend and with the European pairs looking more consolidative, this seems to be at the heart of the action in today’s Forex market. There are good reasons to be bullish, although the ADP data release late…
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USDJPY Right On Major Support, Potential Bounce
USDJPY -0.16% is now testing major swing low support and could see a nice bounce from here.
Buy above 105.56. Stop loss at 104.84. Take profit at 107.88.
Reason for the trading strategy (technically):
Price is seeing strong support above 105.56 ( Fibonacci extension , horizontal swing low support) and a strong bounce could occur at this level to push prices up to next resistance at 107.88 ( Fibonacci retracement , horizontal swi…
Factory order trade news
Expecting negative value so it will have bearish effect on the pair. From technical perspective the pair is expected to continue to move towards the weekly S1 at 108.80, as the northern side contains too many barriers to allow the buck to recover. The only difference is that this time it seems that the channel has transformed into a falling wedge. However, this minor detail does not change the general projected direction for the pair so plan you trade accordingly.
USD/JPY Major move
USD/JPY currently trading in range of 111.75 to 111.30 and expecting major move after FOMC members, including the Fed Chair Janet Yellen speech on Tuesday, in order to gauge possibilities and timing of the next rate-hike move, which would help determine the next leg of directional move for the major. But expecting move towards the pair 113 level in short term and No more surprising expansion growth in Japan ,is helping USD in bull control at the same getting more and more disappointing data from…
The UJ seen through the eyes of Bloomberg DB and TC See Chart Trump Tweetss Market effect.
I have noticed for some time the Dukascopy Traders have had more faith in the UJ than American traders. The following statement came from DB .// Trump’s tweet storms don’t shake up the foreign exchange markets as much as you might think. But when they do, it’s time to get on board. That’s the conclusion of a Deutsche Bank study, which says that when a currency moves by a least a quarter of a percent on his tweets, it keeps going in that direction for at least 12 hours. And that's a lifetime in the world of financial markets.
Chart Trump Twts
[table]When Vladimir Putin talked with Donald Trump Tuesday, the two leaders tried to move past the tensions triggered by last month’s U.S. missile strike on Russia’s ally Syria.
The White House called the conversation “very good.” The Kremlin praised its “constructive” tone. Though short on specifics, the readouts were in stark contrast to the chill visible earlier in the day when Putin met with Angela Merkel and tensions over the Ukraine conflict were on open display.
For Putin, the improved mood music with Washington is important. He’s looking for a foreign policy win as low oil prices drag down his domestic economy. His diplomatic drive continues today when he meets Turkish President Recep Tayyip Erdogan, with the Kremlin needing Turkish help to make a Russian-brokered cease fire in Syria stick.
But what Putin really needs are warm words from Trump to keep hopes alive that the Russian leader might get a chance to break out of his isolation. Unfortunately for him, the outlook in Washing…
Chart Trump Twts
[table]When Vladimir Putin talked with Donald Trump Tuesday, the two leaders tried to move past the tensions triggered by last month’s U.S. missile strike on Russia’s ally Syria.
The White House called the conversation “very good.” The Kremlin praised its “constructive” tone. Though short on specifics, the readouts were in stark contrast to the chill visible earlier in the day when Putin met with Angela Merkel and tensions over the Ukraine conflict were on open display.
For Putin, the improved mood music with Washington is important. He’s looking for a foreign policy win as low oil prices drag down his domestic economy. His diplomatic drive continues today when he meets Turkish President Recep Tayyip Erdogan, with the Kremlin needing Turkish help to make a Russian-brokered cease fire in Syria stick.
But what Putin really needs are warm words from Trump to keep hopes alive that the Russian leader might get a chance to break out of his isolation. Unfortunately for him, the outlook in Washing…
The dollar remained supported
EUR / USDThe dollar remained supported by expectations of a rate hike in December, despite a recorded drop Friday after the announcement of the FBI regarding the review of Hillary Clinton emails.The announcement sparked new concerns about the outcome of the presidential election, the electoral prospects of Clinton and the implications of a potential victory by Donald Trump.Elsewhere, the GBP / USD was unchanged at 1.2241.The pound was little reacts to movement of manufacturing PMI Markit: slight…
Very Strong Bearish Warning
Attention GUYS.
Very Strong Bearish in progress. USD JPY may deep down to 102, AUD USD may gp to 1.64. GPB USD may go 1.38.
Very Strong Bearish in progress. USD JPY may deep down to 102, AUD USD may gp to 1.64. GPB USD may go 1.38.
USD JPY
short term
hourly chart
bullish count
The top 109,395 was the end of wave iii, and wave iv must end around 108,30-108,60.
Targets for wave v are above 110 price level.
hourly chart
bullish count
The top 109,395 was the end of wave iii, and wave iv must end around 108,30-108,60.
Targets for wave v are above 110 price level.
USD/JPY
On the currency pair observed lately bearish . So I believe that the bearish trend will continue. Today, again, I open a short position on the currency pair . Also, we see a figure formed by a triangle .
USD JPY Resuming Breakout after hitting Breakout Equivalent
The USD JPY has now given us a strong Bullish Signal on its Daily Chart that looks set to continue the sharp gains in favour of the Greenback. This signal came after a brief pause in what is actually a Consolidation Breakout from a Large Pennant Setup on that time frame. As such, we can expect this breakout to last for a few weeks heading towards the end of June. As profitable these Breakouts can be, that pause that took place reflects a common Technical Factor that is often overlooked when deal…