Get started

Japaneseyen

NZDJPY Bullish after successful rebound.It has been a month exactly since we made this break-out signal on the NZDJPY pair: The price has made a successful rebound at the bottom (Higher Lows trend-line) of the Bullish Megaphone pattern. As mentioned our buy break-out signal was when the pair closed a 1D candle above the Lower Highs trend-line. That coincided with a closing above the 1D MA50 (blue trend-line) for the first time since August 02. Our first target remains 89.700 but we now set a second target as the peak of this run on the Fibonacci 2.0 extension at 91.350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Yen Falls as Bank of Japan Holds Perfect Trade with US DollarThe Japanese yen has taken a tumble after the Bank of Japan's decision to hold interest rates steady. Meanwhile, the perfect trading scenario has emerged with the US dollar/DXY. It's time to capitalize on this golden opportunity and make some profitable moves! So, fasten your seatbelts and get ready to ride the wave of success. The Bank of Japan's Impact: The Bank of Japan's recent decision to maintain its interest rates has sent shockwaves through the currency market. As the yen weakens, it opens up a window of opportunity for traders like you to take advantage of this shift. The central bank's monetary policy has set the stage for potential gains in the US dollar/DXY, making it an ideal time to consider a short yen, long US dollar/DXY position. The Perfect Trade Scenario: As the Japan yen falls, the US dollar/DXY is poised for a remarkable climb. The US dollar has been gaining strength against major currencies, and this trend is expected to continue. By going long on the US dollar/DXY and shorting the yen, you can position yourself to reap substantial rewards. This perfect trade scenario is not one to be missed! Why Now Is the Time: Timing is everything in the world of trading, and this opportunity is no exception. The confluence of the Bank of Japan's decision and the US dollar's strength presents an ideal moment to enter the market. By acting swiftly and decisively, you can maximize your potential profits. Don't let this chance slip away – the time to act is now! Call-to-Action: Short Yen, Long US Dollar/DXY: Are you ready to embark on a profitable trading journey? Join us in seizing this golden opportunity by shorting the yen and going long on the US dollar/DXY. Here's your call-to-action: 1. Analyze the market: Conduct thorough research and analysis to understand the current market conditions and potential risks involved. 2. Develop a trading strategy: Create a well-defined plan that includes entry and exit points, risk management strategies, and profit targets. 3. Execute your trades: Open positions that reflect your trading strategy, shorting the yen and going long on the US dollar/DXY. 4. Monitor and adjust: Keep a close eye on market movements, and be prepared to adjust your trades if necessary. Stay informed and adapt your strategy accordingly. 5. Reap the rewards: As the yen weakens and the US dollar/DXY strengthens, watch your profits soar. Remember to stick to your plan and secure your gains when the time is right. Conclusion: Traders, the time to act is now! With the Japan yen falling and the perfect trade scenario unfolding with the US dollar/DXY, the potential for substantial profits awaits. Embrace this opportunity with enthusiasm and embark on a trading journey that could lead you to financial success. So, gear up, stay positive, and get ready to ride the waves of triumph!
TVC:JXYShort
by bryandowningqln
GBPJPY Turning bearish until the end of the yearThe GBPJPY pair crossed under the MA50 (1d) again and is approaching the MA100 (1d). We have a Rising Resistance peak pattern, which is very much like that of May 2021. In fact the whole fractal since its begining (2021) is very similar to today's (since 2023). This most likely turns the pair bearish inside a Megaphone for the remainder of the year. Trading Plan: 1. Sell every rise to the top (dashed line) of the Megaphone. Targets: 1. Lower Lows until the price hits the MA200 (1d). Tips: 1. The RSI (1d) also shows high symmetry between the fractals. It peaked on the first Higher High of the Rising Resistance, breached the MA50 (1d) when the RSI was near 40.00 and made the second Higher High (and peak) around the 70.00 mark. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
1
USDJPY is extending the long term rally.The USDJPY pair is trading inside a Channel Up since the January 16th market bottom. The last Higher Low wasn't only supported at the bottom of the Channel but also the MA100 (1d) and Fibonacci 0.618 level. This is what happened on the August 2nd 2022 Low, when the pair was again trading inside a long term Channel Up. Trading Plan: 1. Buy on the current market price. 2. Buy if a (1d) candle closes above Resistance 1 (152.000). Targets: 1. 152.000 (Resistance 1). 2. 156.000 (-1 Fibonacci extension like on the October 21st 2022 High). Tips: 1. The RSI and MACD (1d) also show remarkable similarities with the 2022 fractal. The Fibonacci symmetry is strong indicating that both of our targets are well placed. Please like, follow and comment!!
Long
by TradingBrokersView
2
CADJPY Testing the 1-year Resistance. Will it break?The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting. The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and peaked on the 4.0 Fibonacci extension. As a result we remain bullish on this pair and expect 113.500 (target) by the end of October. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
CHFJPY Holding the 1D MA50. Bullish until broken.The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows trend-line) of the Channel Up, sell towards the 1D MA200, targeting 155.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUD/JPY: A Currency Pair Poised for GrowthAUD/JPY currency pair is trading at around the marked levels. Please read the analysis on the chart, as well as the explanations in the comments. Thank you. Technical Analysis: On the 30-minute chart, the AUD/JPY currency pair is trading in a bullish trend. The price is above the 50-period and 200-period simple moving averages. The MACD indicator is also bullish, with the signal line above the MACD line. The Elliot Wave Analysis in this case shows a continuation of the bullish impulse. I marked the first potential level of the Wave 5. It can extend after that level, or a correction may start (short term). On the 4-hour chart, the AUD/JPY currency pair is also trading in a bullish trend. The price is above the 50-period and 200-period simple moving averages. The MACD indicator is also bullish, with the signal line above the MACD line. On the daily chart, the AUD/JPY currency pair is trading in a bullish trend. The price is above the 50-period and 200-period simple moving averages. The MACD indicator is also bullish, with the signal line above the MACD line. Overall, the fundamental and technical analysis suggests that the AUD/JPY currency pair is likely to continue trading in a bullish trend in the near term. Fundamental Analysis: The Australian economy is currently facing a number of challenges, including a slowdown in China, rising inflation, and a trade deficit. However, the Australian economy is still expected to grow at a modest pace in 2023. The Japanese economy is also facing a number of challenges, including an aging population, a shrinking workforce, and a high debt burden. However, the Japanese economy is expected to avoid recession in 2023. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
Long
by YExplore
AUDJPY Strong Lower Highs bullish break-out.The AUDJPY pair has turned the 1D MA50 (blue trend-line) into Support since last week's bullish break-out signal above the Lower Highs trend-line. That is a major bullish continuation call following the bottom on the 3-month Higher Lows Zone on March 27. The dashed Higher Lows has been supporting this uptrend and this seems to be the new bullish leg. The previous two such rises during these 3 years have reached at least +17.40%. As a result our buy target is 101.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURJPY Low risk buy here. Keep an eye on the RSI.The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at 160.450. If we close a 1D candle below the pattern, then buy again only when the 1D RSI touches the 39.50 Support. This level has marked the bottoms of July 27 and March 17. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY Sell signal on this Triangle pattern.The GBPJPY pair is trading within a Triangle pattern, similar to July's. The price is currently approaching the 4H MA200 (orange trend-line), which is untouched since August 08. As long as the pair closes below the 0.382 Fibonacci level, we are selling the bearish break-out and target 181.600 (Fibonacci 1.5). Notice how the 4H MACD sequences between the two fractals are identical. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USDJPY One last rally before a correction.It's been almost 2 months since we looked into the USDJPY pair (see chart below) and our buy position right at the bottom of the Channel Up that easily hit its 144.500 target: The pattern is still holding and the price appears to be starting the final upward leg before it tests the top (Higher Highs trend-line) of the pattern. As a result, as long as the 1D MA50 is holding, we are bullish targeting 150.000 (top of Channel Up). If the 1D MA50 breaks, we will short-term sell towards the 1D MA100 (green trend-line). If the price closes below the 1D MA100, we will consider it a pattern bearish break-out and sell targeting the 1D MA200 (orange trend-line) and Support 3 at 138.100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USD/JPY -On its way to a Safe Short- We've seen USD/JPY uptrending for what will be the fifth (5) consecutive Weekly Green Candelstick prints. Some cool of may occurr in terms of price action, further due for correction ? Lots of Higher Highs levels as Support from below Looking from the left, a Weekly Supply Zone can be spotted ; (you can refer it as a *W OB). As well coinciding with the fact of approaching Resistance Trendline of Ascending Channel Pattern (a.k.a Bearish Flag). Short-Bearish case Opportunities are on its way for USD/JPY. Bullish case would be the breakout of pattern through above average volume and the Supply Zone being broken. This would invalidate the Short Opportunities idea for $USD/JPY Until the next one; TRADE SAFE *** NOTE that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before even considering partaking on any Trading Acitivity based solely on this Idea.
Short
by Mr_J__fx