Reply to thread
Page 242 of 243 237 240 241 242 243
Results 2,411 to 2,420 of 2428

Thread: USD/JPY

     
  1. TOP MESSAGES
    2021-09-16   12:44
    Best post today #1
    Accrued payments  783 USD

    Hello USDJPY traders. I hope we all are keeping close tabs on the movement of the USDJPY currency pair this week. The pair is bearish so far. This is mainly due to the strength of the JPY because the USD is not that weak in the markets this week. Here is a technical analysis of the USDJPY on multiple time frames.
    USDJPY H4 CHART

    The price of the USDJPY currency is consolidating within a wide range of 155 pips. This range is visible on the H4 chart above. The advantage of a ranging market is that traders can buy and sell from support and resistance levels respectively. The top of the range is around 110.65 and the bottom is around the 109.10 price level.
    The price has just recently made a bullish bounce after touching the support level. However, this bullish bounce is not supported by significant bullish momentum just yet. If bullish pressure picks up, traders can buy this pair to target the 110.65 price level or target the most recent swing high at 110.20.
    USDJPY D1 CHART
    On the daily chart, the 109.10 support level is the midway area of a much bigger price range. There is a probability that the bears will push this pair lower to break this support level and target stronger support at 107.50 on the daily chart. This breakout scenario should not be neglected by short-term traders already buying this pair from the 109.10 support level.
    If there is no significant rise in the bullish momentum and the pair drops down to retest the support level, traders should watch the price action for a bearish breakout.

    2021-09-14   06:06
    Best post today #2
    Accrued payments  224 USD

    Fundamental & Technical outlook of USD/JPY

    Fundamentally, In early Asian trading on Tuesday, the USD/JPY rose slightly. Yesterday, during the US session, the dollar/yen tested a high of 110.15. But after the announcement of US consumer inflation expectations, USD/JPY fell to 109.88, and US inflation expectations reached 5.2% in August. At press time, USD/JPY is trading at 110.02. In addition, the USDX, which measures the US dollar against six major currencies, is above the 92.60 level, which deviates from the volatility of US bond yields, which could lead to a rise in the USD/JPY.
    • In the upcoming general election in Japan, Taro Kono has officially announced that he stands for the ruling Liberal Democratic Party under his leadership and is optimistic about the political situation in Japan.
    Technically, USD/JPY closed at 110.00 for the fourth consecutive week on Friday and is still trying to find its way on Monday. During Asian opening hours, after fluctuating in the narrow range of 109.90 near the currency pair, it rose during European trading hours. Nevertheless, the upside of USD/JPY is still limited. Due to the lack of fundamental data, it finally traded at 110.06 and rose slightly during the day.
    • The bullish scenario is that the upper part of the price range is currently at 110.20. If the market outlook breaks this area, the upward trend can expect to increase. The next target could be as high as 111.60-70 and 112.20 to 112.50.
    • The bearish scenario is that the bottom of the price range is currently 109.70 and 109.50. Last week, the exchange rate was well above this zone. Last month, the price also tested the bottom line three times. If the price falls from this level, the corrective pressure can expect to intensify. And the bottom target can expect to be in the range of 108.70 to 108.50.

    The attachment
    2021-09-11   13:33
    Best post today #3
    Accrued payments  9341 USD

    D1 Time Frame Technical Outlook:
    The USD/JPY moving price is stable at 109.90, and the overall weekly performance will be slow; the price action range will be 109.73-110.43 as we can expect a lot of USD effects on this pair and possible price reaching the previous high at 111.00. In the process, the market outlook will be negative when the price reaches the low of 109.70 and confirms the next breakout at 109.00. However, the market closed at 109.90 this week before buyers tried to push the price back into the 110.20 resistance area, but the sellers' pressure was still intense. Next week, we will have to wait for the breaking trend line because if the sellers dominate the buyers and break the 109.50 support level below, some additional action could lower the price to around 109.20. Also, based on the composition of technical indicators, the price has turned negative by checking the overbought area, which is a sign of selling pressure, but we will have to review it next week to get accurate idea and grab more pips from the market.
    Attachment 410876
    H4 Time Frame Technical Outlook:
    During the H4 time frame, the price is trying to break the next ascending trend line at 110.15; when the price can break this level, we expect a significant bearish movement at 109.55. In the meantime, we have 200 SMA lines around the 109.50 level, which might be a potential target for Monday's trading. Also, when the price breakout this bullish level, we may decide to take further action. Because on the first day, if the price shows a decline and the Fibonacci retracement to 38.0, then give swing back to the physical 109.00 level. The strength of the dollar index plays a major role in enhancing the value of the pair. We have seen that the price has managed to rally again since last week due to the adverse effects of press event data. Same SMA line and resistance level 110.50 is another target level that indicates buyer pressure. If the price rises and shows us strong momentum from buyers, the next long-term target zone appears at 111.00.
    Attachment 410877

    The attachment
    2021-09-13   06:07
    Best post today #4
    Accrued payments  401 USD

    USD/JPY currency pair prediction
    H1 frame chart prediction
    USD/JPY in yesterdays growth has been able to break through the resistance level at 109.950, while the volume during a break of this level increased significantly, indicating that further includes the largest buyers in the position, and Stochastic on the side of the bulls, so that the priority of my purchases so the pair will now wait for growth to further the objectives of the resistance level at 110.150.
    Attachment 411396
    Fibonacci on weekly frame chart prediction
    USD/JPY trading system draws the following: in the 4H chart indicator, the Fibonacci level is located above the level of 61%, which indicates the priority of purchase, so the price is in the upper part of the channel Bollinger, confirming the upward trend. Considering indicators and fixing prices above the middle line, I expect the growth to the upper boundary of the channel.
    Attachment 411398
    Daily frame chart prediction
    USD/JPY bought the pair is above the daily pivot 110.050. Breakdown by Bollinger turned upwards, MACD is in the positive area, the lower the oscillator is the purchase. I assume the continuation of the growth of the pair, the breakdown of resistance of 110.150, and the purpose at the level of 110.300. USD/JPY is on the uptrend, so expect a deeper correction for the pair. If the resistance level and the price will stand by him fight again, then we can consider shorts with a potential drop below the trend. The first objective is to reduce to 110.200, and in case of breakdown on the downward trend, the price could fall by 110.190, and in case of breakdown to 110.250.
    Attachment 411400
    Weekly frame chart prediction with EMA and RSI indicator
    USD/JPY is still moving above the EMA with periods of 50 and 100, which are directed upward and points to the continued bullish sentiment, as well as a number of support levels. The RSI is in the positive zone and above its signal line, but starts to decline very gradually and thus points to the gradual attenuation of bullish sentiment.
    Attachment 411401

    The attachment
    2021-09-14   13:19
    Best post today #5
    Accrued payments  2916 USD

    Hello guys, how are you? I decided to present my needs throughout specific time frame about USD/JPY pair. The pair attempts to make bull breakout during European session. At the moment, it looks complicated after breaking the resistance level of 110.8 throughout potential trend. USD/JPY return at 109.98 level from 110.10 level. Now the pair is trading above 110.10 level, which is a rebound from 109.96 level. This is an incredible momentum for USD/JPY traders. Today we have some high-impact news concerned for USD index. I think the US dollar will lead to failure in the USD/JPY during consumer price index (CPI). But we cant believe US dollar will behave as we anticipate.

    • W1 chart technical analysis:

    If we take a look at USD/JPY in weekly time frame, it is consolidating since Monday. Today we have seen a medium range decline until 109.96 level in price behaviour. The US dollar is pressuring the price of USD/JPY in uptrend in same time frame. We can expect progress up to 110.25 level during the high impact economic events. As I have drawn ABCD pattern in the weekly time frame as for expected D level, which is indicating enough weakness following down to 109.80 level.
    Attachment 411973
    • D1 chart technical analysis:

    Observing by daily timeframe the situation is same as weekly timeframe. USD/JPY is trading in upwards direction in daily time frame. Im supporting to bearish channel near than 109.80 level. Im expecting advancement in North American session. Currently bullish scenario holding up. The momentum correction is forming fluctuation, as you can see in the chart below. As you can note in the chart USD/JPY form bearish engulfing channel in the daily time frame. In general, after analyzing in two time frames, Im looking for a bearish trend.
    Attachment 411971

    The attachment
    2021-09-14   02:06
    Best post today #6
    Accrued payments  0 USD

    Good day to all traders and speculators who are here in the forum!
    Lets talk about the US dollar/Japanese yen currency pair:
    This instruments quotes continue their movement within the correction and formation of the "triangle" pattern. Moving averages indicate the presence of a short-term bullish trend. However, the pressure from sellers is indicated by the fact that the quotes broke down the levels between the signal lines. Earlier, the quote is at the level of 110.01. We believe that the USD/JPY pair will test the resistance level of 109.55 in attempts to resume the growth of the pair, and then, it is possible to rebound and continue rising with the target of 110.75 and above.
    Attachment 411705
    Testing the support level at the RSI and a rebound from the upper border of the descending channel are additional signals that are favoring the quotes growth. To confirm this, the pair must break through the resistance level of 110.65 and consolidate above it. On the contrary, the cancellation of the above scenario will be a breakdown of the support level if 108.65 and a continued decline below the level of 106.05.
    Attachment 411706

    The attachment
  2. #2411 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My pips hand is weak
    I am:
    ----
     
    Ddx Father 4x is a glorious beacon of light Ddx Father 4x is a glorious beacon of light Ddx Father 4x is a glorious beacon of light Ddx Father 4x is a glorious beacon of light Ddx Father 4x is a glorious beacon of light Ddx Father 4x's Avatar
    Join Date
    Jul 2021
    Posts
    115
    Accumulated bonus
    42 USD (What is this?)
    Thanks
    956
    Thanked 691 Times in 86 Posts
    SubscribeSubscribe
    Subsribed 0
    Analysis for USDJPY currency pair




    The USD/JPY built a channel where it forms an accumulation. The daily period is in a downward trend, but no such movement was observed. Moreover, it is possible that a huge benefit will be given to the breakdown of the upper boundary of 109.950 of USD/JPY, update the maximum, and still move downwards.
    Name: Screenshot_2021-09-10-18-09-45-73_a068875e8d70110f8d1ec48729c67374.jpg Views: 109 Size: 379.7 KB
    Thus far, the initiative is still the resumption of the trend movement. The breakdown of the lower boundary of 109.680 will strengthen the bearish attack and the price will move down to the level of 109.750, where it is possible for a rebound and reversal of the USD/JPY market.




    The daily candlestick yesterday has no difference to a reversal, although USD/JPY confuses a fairly huge tail at the top. Due to this, it is not clear whether to discuss that no upward reversal will occur. On the contrary, USD/JPY can be said that the possibility of an upward movement is very high this day and there is little chance that the USD/JPY currency pair will gain a foothold under the daily zone of support from 109.650 - 109.400.
    Name: Screenshot_2021-09-10-18-10-34-95_a068875e8d70110f8d1ec48729c67374.jpg Views: 106 Size: 442.0 KB

    USD/JPY pair managed to confirm breaking the rising wedges support that appears in the image and settles below it, getting a negative motive that supports bearish trend expectations, USD/JPY next targeting 109.500 then 109.200 levels mainly.



    Meanwhile, on the monthly chart, the USD/JPY of the well can be noticed, which still assures us a long-term perspective, but still a decline.
    Name: Screenshot_2021-09-10-18-11-47-81_a068875e8d70110f8d1ec48729c67374.jpg Views: 105 Size: 352.7 KB
    USD/JPY If the bears break through the support level, then lets go to a minimum of 109.733. If the price manages to break above 109.655, then this will give a symbol to the bulls, and then we are waiting for a trip to update the current maximum to the area of the level of 108.500. More inclined to the second scenario with a bullish option, first we test the support and most likely there will be a false breakdown.
    Name: Screenshot_2021-09-10-18-12-20-26_a068875e8d70110f8d1ec48729c67374.jpg Views: 105 Size: 430.4 KB
    The daily zone of USD/JPY support particularly 109.565 - 109.400, but unfortunately, it failed. Thus, the price made a reversal upwards and increased over this zone once more. USD/JPY At present, the price is located at the level of 109.536.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  3. 4 users say Thank You to Ddx Father 4x for this useful post.

    Fx Endgame 77 R2D xyz (15-09-2021), Honey Bee (11-09-2021), IFX VLadimir (13-09-2021), Tacaz (10-09-2021)

  4. #2412 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My pips hand is weak
    I am:
    ----
     
    TENSION will become famous soon enough TENSION's Avatar
    Join Date
    May 2021
    Posts
    125
    Accumulated bonus
    21 USD (What is this?)
    Thanks
    44
    Thanked 64 Times in 42 Posts
    SubscribeSubscribe
    Subsribed 0
    Good morning, Japanese yen lovers!

    Well what can I say? Our pair is wandering in the range between 109.60 and 110.25 levels and continues to move. There is no need to invent anything at all. Simply sell from the resistance level and buy from the support.
    Well, I left the purchase in the afternoon. Given how slow the couple's progress has been, they've already come a good distance. Well, now let's see where the pair is headed, up or down. We might get to 110.25. Well, in that case, I'll open towards the south.
    Name: image_4765262.png Views: 90 Size: 21.8 KB

    On the four-hour chart, the situation is that at the close of trading, the pair's prices are trading near the level of 109.90, which at the same time is below the lower border of the Ichimoku cloud and the 14-period moving average line, respectively, leaving the pair in a downtrend. .
    Once again, it is worth noting that the direction of the USD/JPY pair at the moment, rather, is not, and the pair is moving in a wide range from a flat horizontal, limited by the outer limits of the TMA indicator, which can be seen with me on the chart. And by the way, it is worth trading now, within the TMA working area.
    At the moment, the H-4 stochastic is at the upper border of its indicator and is starting to reverse down, so the whole picture indicates the continuation of the decline that started on Friday on Monday.
    Name: image_4765241.png Views: 89 Size: 19.3 KB

    At the same time, I think it will be very minimal and will not even allow H-4 to reach the lower end of the indicator, and in general, I expect a decrease in bids to support 109.80, as I plan to increase bids already to 1010.10 resistance in the hope of its collapse and continued strengthening of the US dollar from before in the aftermath Joe Biden's authorization of COVID-19 vaccines for civil servants and federal government employees, could provide new growth drivers for the dollar.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  5. 3 users say Thank You to TENSION for this useful post.

    Ddx Father 4x (14-09-2021), Honey Bee (11-09-2021), IFX VLadimir (13-09-2021)

  6. #2413 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forum VIP
    I am:
     
    Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee's Avatar
    Join Date
    Nov 2017
    Posts
    9,912
    Accumulated bonus
    9341 USD (What is this?)
    Thanks
    45,608
    Thanked 40,061 Times in 8,582 Posts
    SubscribeSubscribe
    Subsribed 3
    D1 Time Frame Technical Outlook:

    The USD/JPY moving price is stable at 109.90, and the overall weekly performance will be slow; the price action range will be 109.73-110.43 as we can expect a lot of USD effects on this pair and possible price reaching the previous high at 111.00. In the process, the market outlook will be negative when the price reaches the low of 109.70 and confirms the next breakout at 109.00. However, the market closed at 109.90 this week before buyers tried to push the price back into the 110.20 resistance area, but the sellers' pressure was still intense. Next week, we will have to wait for the breaking trend line because if the sellers dominate the buyers and break the 109.50 support level below, some additional action could lower the price to around 109.20. Also, based on the composition of technical indicators, the price has turned negative by checking the overbought area, which is a sign of selling pressure, but we will have to review it next week to get accurate idea and grab more pips from the market.

    Name: SAVE_20210911_163601.png Views: 95 Size: 422.4 KB

    H4 Time Frame Technical Outlook:

    During the H4 time frame, the price is trying to break the next ascending trend line at 110.15; when the price can break this level, we expect a significant bearish movement at 109.55. In the meantime, we have 200 SMA lines around the 109.50 level, which might be a potential target for Monday's trading. Also, when the price breakout this bullish level, we may decide to take further action. Because on the first day, if the price shows a decline and the Fibonacci retracement to 38.0, then give swing back to the physical 109.00 level. The strength of the dollar index plays a major role in enhancing the value of the pair. We have seen that the price has managed to rally again since last week due to the adverse effects of press event data. Same SMA line and resistance level 110.50 is another target level that indicates buyer pressure. If the price rises and shows us strong momentum from buyers, the next long-term target zone appears at 111.00.

    Name: SAVE_20210911_163607.png Views: 97 Size: 502.7 KB
    LATEST UPDATE
    HONEY BEE TRADING JOURNAL
    https://forum.mt5.com/showthread.php...1#post15172538

    Approved

  7. 3 users say Thank You to Honey Bee for this useful post.

    Ddx Father 4x (14-09-2021), IFX VLadimir (13-09-2021), SweetRose (12-09-2021)

  8. #2414 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir's Avatar
    Join Date
    Feb 2021
    Posts
    235
    Accumulated bonus
    401 USD (What is this?)
    Thanks
    912
    Thanked 1,305 Times in 140 Posts
    SubscribeSubscribe
    Subsribed 0
    USD/JPY currency pair prediction

    H1 frame chart prediction
    USD/JPY in yesterdays growth has been able to break through the resistance level at 109.950, while the volume during a break of this level increased significantly, indicating that further includes the largest buyers in the position, and Stochastic on the side of the bulls, so that the priority of my purchases so the pair will now wait for growth to further the objectives of the resistance level at 110.150.

    Name: 0.png Views: 73 Size: 69.8 KB

    Fibonacci on weekly frame chart prediction
    USD/JPY trading system draws the following: in the 4H chart indicator, the Fibonacci level is located above the level of 61%, which indicates the priority of purchase, so the price is in the upper part of the channel Bollinger, confirming the upward trend. Considering indicators and fixing prices above the middle line, I expect the growth to the upper boundary of the channel.


    Name: 00.png Views: 68 Size: 99.3 KB

    Daily frame chart prediction
    USD/JPY bought the pair is above the daily pivot 110.050. Breakdown by Bollinger turned upwards, MACD is in the positive area, the lower the oscillator is the purchase. I assume the continuation of the growth of the pair, the breakdown of resistance of 110.150, and the purpose at the level of 110.300. USD/JPY is on the uptrend, so expect a deeper correction for the pair. If the resistance level and the price will stand by him fight again, then we can consider shorts with a potential drop below the trend. The first objective is to reduce to 110.200, and in case of breakdown on the downward trend, the price could fall by 110.190, and in case of breakdown to 110.250.

    Name: 111.png Views: 65 Size: 80.0 KB

    Weekly frame chart prediction with EMA and RSI indicator
    USD/JPY is still moving above the EMA with periods of 50 and 100, which are directed upward and points to the continued bullish sentiment, as well as a number of support levels. The RSI is in the positive zone and above its signal line, but starts to decline very gradually and thus points to the gradual attenuation of bullish sentiment.

    Name: 222.png Views: 68 Size: 79.6 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  9. 3 users say Thank You to IFX VLadimir for this useful post.

    Ddx Father 4x (14-09-2021), Fx Endgame 77 R2D xyz (15-09-2021), Tacaz (14-09-2021)

  10. #2415 You can automatically minimize the read posts in your account in the 'Forum Settings'
    MT5 Addict
    I am:
    ----
     
    CelestineJones03 has a spectacular aura about CelestineJones03 has a spectacular aura about CelestineJones03's Avatar
    Join Date
    Nov 2018
    Posts
    671
    Accumulated bonus
    0 USD (What is this?)
    Thanks
    0
    Thanked 167 Times in 144 Posts
    SubscribeSubscribe
    Subsribed 0
    Good day to all traders and speculators who are here in the forum!

    Lets talk about the US dollar/Japanese yen currency pair:

    This instruments quotes continue their movement within the correction and formation of the "triangle" pattern. Moving averages indicate the presence of a short-term bullish trend. However, the pressure from sellers is indicated by the fact that the quotes broke down the levels between the signal lines. Earlier, the quote is at the level of 110.01. We believe that the USD/JPY pair will test the resistance level of 109.55 in attempts to resume the growth of the pair, and then, it is possible to rebound and continue rising with the target of 110.75 and above.

    Name: sdhg.jpg Views: 58 Size: 259.8 KB

    Testing the support level at the RSI and a rebound from the upper border of the descending channel are additional signals that are favoring the quotes growth. To confirm this, the pair must break through the resistance level of 110.65 and consolidate above it. On the contrary, the cancellation of the above scenario will be a breakdown of the support level if 108.65 and a continued decline below the level of 106.05.

    Name: erujy6kj.jpg Views: 45 Size: 234.4 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  11. 2 users say Thank You to CelestineJones03 for this useful post.

    Ddx Father 4x (14-09-2021), Tacaz (14-09-2021)

  12. #2416 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My pips hand is weak
    I am:
     
    PipsHunter99 will become famous soon enough PipsHunter99 will become famous soon enough PipsHunter99's Avatar
    Join Date
    Apr 2021
    Posts
    155
    Accumulated bonus
    224 USD (What is this?)
    Thanks
    166
    Thanked 329 Times in 102 Posts
    SubscribeSubscribe
    Subsribed 0
    Fundamental & Technical outlook of USD/JPY


    Fundamentally, In early Asian trading on Tuesday, the USD/JPY rose slightly. Yesterday, during the US session, the dollar/yen tested a high of 110.15. But after the announcement of US consumer inflation expectations, USD/JPY fell to 109.88, and US inflation expectations reached 5.2% in August. At press time, USD/JPY is trading at 110.02. In addition, the USDX, which measures the US dollar against six major currencies, is above the 92.60 level, which deviates from the volatility of US bond yields, which could lead to a rise in the USD/JPY.
    • In the upcoming general election in Japan, Taro Kono has officially announced that he stands for the ruling Liberal Democratic Party under his leadership and is optimistic about the political situation in Japan.

    Technically, USD/JPY closed at 110.00 for the fourth consecutive week on Friday and is still trying to find its way on Monday. During Asian opening hours, after fluctuating in the narrow range of 109.90 near the currency pair, it rose during European trading hours. Nevertheless, the upside of USD/JPY is still limited. Due to the lack of fundamental data, it finally traded at 110.06 and rose slightly during the day.

    • The bullish scenario is that the upper part of the price range is currently at 110.20. If the market outlook breaks this area, the upward trend can expect to increase. The next target could be as high as 111.60-70 and 112.20 to 112.50.
      Name: USDJPYBullish.png Views: 44 Size: 31.5 KB


    • The bearish scenario is that the bottom of the price range is currently 109.70 and 109.50. Last week, the exchange rate was well above this zone. Last month, the price also tested the bottom line three times. If the price falls from this level, the corrective pressure can expect to intensify. And the bottom target can expect to be in the range of 108.70 to 108.50.

    Name: BearishUSDJPY.png Views: 38 Size: 29.5 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  13. 2 users say Thank You to PipsHunter99 for this useful post.

    Ddx Father 4x (14-09-2021), Tacaz (14-09-2021)

  14. #2417 You can automatically minimize the read posts in your account in the 'Forum Settings'
    FX Super Hero
    I am:
     
    Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz has a reputation beyond repute Tacaz's Avatar
    Join Date
    Jun 2020
    Posts
    1,269
    Accumulated bonus
    2916 USD (What is this?)
    Thanks
    7,777
    Thanked 6,912 Times in 1,153 Posts
    SubscribeSubscribe
    Subsribed 4
    Hello guys, how are you? I decided to present my needs throughout specific time frame about USD/JPY pair. The pair attempts to make bull breakout during European session. At the moment, it looks complicated after breaking the resistance level of 110.8 throughout potential trend. USD/JPY return at 109.98 level from 110.10 level. Now the pair is trading above 110.10 level, which is a rebound from 109.96 level. This is an incredible momentum for USD/JPY traders. Today we have some high-impact news concerned for USD index. I think the US dollar will lead to failure in the USD/JPY during consumer price index (CPI). But we cant believe US dollar will behave as we anticipate.



    • W1 chart technical analysis:



    If we take a look at USD/JPY in weekly time frame, it is consolidating since Monday. Today we have seen a medium range decline until 109.96 level in price behaviour. The US dollar is pressuring the price of USD/JPY in uptrend in same time frame. We can expect progress up to 110.25 level during the high impact economic events. As I have drawn ABCD pattern in the weekly time frame as for expected D level, which is indicating enough weakness following down to 109.80 level.

    Name: VMMncs9R9k.png Views: 65 Size: 34.7 KB


    • D1 chart technical analysis:



    Observing by daily timeframe the situation is same as weekly timeframe. USD/JPY is trading in upwards direction in daily time frame. Im supporting to bearish channel near than 109.80 level. Im expecting advancement in North American session. Currently bullish scenario holding up. The momentum correction is forming fluctuation, as you can see in the chart below. As you can note in the chart USD/JPY form bearish engulfing channel in the daily time frame. In general, after analyzing in two time frames, Im looking for a bearish trend.


    Name: 22STuMD0qb.png Views: 67 Size: 26.8 KB

    Approved

  15. 3 users say Thank You to Tacaz for this useful post.

    amiron56 (14-09-2021), Ddx Father 4x (14-09-2021), Fx Endgame 77 R2D xyz (15-09-2021)

  16. #2418 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forum VIP
    I am:
     
    Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee's Avatar
    Join Date
    Nov 2017
    Posts
    9,912
    Accumulated bonus
    9341 USD (What is this?)
    Thanks
    45,608
    Thanked 40,061 Times in 8,582 Posts
    SubscribeSubscribe
    Subsribed 3
    D1 Time Frame Technical Outlook:

    USD/JPY is hovering around 110.00 as we can see last week that it will also be flat and will not touch any strong support or resistance area. The dollar index price swing over to the bullish region above 92.60 against its major rivals is moving away from its current level. We can anticipate the next potential resistance breakout. Initially, at 110.50, and above it, 109.75 can be seen reversing, then retesting last week's high 110.90. A little above 111.00 will be a step back to test the critical resistance area, extending from 111.25 to 110.85. There will be a significant mid-range basis in any of the above stages. Exhaustion below 109.45 will keep breakout risks low within the broad range with support at 109.00; then, we see the lower end of the range at 108.75. Meanwhile, technical indicators give signals with a moderate positive bias. Still, they struggled to be hesitant, and then we could see strong breakout territory this weekend then execute buy or sell trades in the trend direction of the market.

    Name: SAVE_20210914_210404.png Views: 204 Size: 381.2 KB

    H4 Time Frame Technical Outlook:

    During the H4 time frame, we can analyze that the subsequent move could continue to face a strong resistance near the 110.00 bullish area or the upper limit of the mentioned trading range if the price breaks the trend line and moves in a descending wave from 10.450. The resulting decline is in line with the retracement level of the Fibonacci 38.2 without disturbing the expectations of further advances. The currency pair should stand steadily above 110.85 and believe that the uptrend is stable, confirming the desire to continue vigorously. In my opinion, we cannot go below 109.70 today, so we are planning to buy here. The target reached 110.50 and broke more. The ultimate target for potential buyers is 110.30. After settling below the resistance, the buyers will resume their bullish movement with the expected target at 111.00, moving to the bullish zone on the pair over the long term.

    Name: SAVE_20210914_210410.png Views: 33 Size: 462.5 KB
    LATEST UPDATE
    HONEY BEE TRADING JOURNAL
    https://forum.mt5.com/showthread.php...1#post15172538

    Approved

  17. 2 users say Thank You to Honey Bee for this useful post.

    amiron56 (14-09-2021), SweetRose (14-09-2021)

  18. #2419 You can automatically minimize the read posts in your account in the 'Forum Settings'
    MT5 Addict
    I am:
    ----
     
    CelestineJones03 has a spectacular aura about CelestineJones03 has a spectacular aura about CelestineJones03's Avatar
    Join Date
    Nov 2018
    Posts
    671
    Accumulated bonus
    0 USD (What is this?)
    Thanks
    0
    Thanked 167 Times in 144 Posts
    SubscribeSubscribe
    Subsribed 0
    Good day to all traders and speculators who are here in the forum!

    Lets talk about the US dollar/Japanese yen currency pair:

    It can be seen that the US dollar is decreasing against the Japanese yen. Technically, there was a formation of a trading channel earlier at the range of 109.44-110.45. The quotes of the movement are currently below this channel and so, it is clear that the next movement will depend on the breakdown of the limits of this channel. To simply put it, in order to continue the upward movement, traders should consolidate the pair above the level of 110.45. In connection with this, we will consider the level of 110.81 as the local high. Meanwhile, the downward trend should not also be ruled out. In my opinion, trading at the support level of 109.44 plays an important role. And since the price is seen under it, it indicates that the downward movement will resume.

    Have a profitable day to all of you!

    Name: cfbtg.png Views: 42 Size: 15.4 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  19. #2420 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My pips hand is weak
    I am:
    ----
     
    TENSION will become famous soon enough TENSION's Avatar
    Join Date
    May 2021
    Posts
    125
    Accumulated bonus
    21 USD (What is this?)
    Thanks
    44
    Thanked 64 Times in 42 Posts
    SubscribeSubscribe
    Subsribed 0
    Welcome Everybody!


    Daily Time Frame Chart,
    In general, ideas. On the Japanese Yen yesterday on the daily chart, having renewed the previous days top, the price turned around and confidently moved south, as a result of which a full bearish candle was formed, which was able to absorb the entire previous daily range and rise to a foothold below the dynamic support level, in the form 21 EMAs. Today, given the current movement, I expect a further drop in prices. The reference point for the downward movement will be the local support level, which is located at 109.197. There will be two scenarios for developing the position near this level of support. The first scenario is related to the formation of a turnover candle or a combination of turnover and resumption of growth. If this plan is executed, I expect the price to return to the local resistance level located at 110.445. Around this resistance level, I will wait for the formation of the trade setup, which will help determine the further direction of the trade. If the price manages to gain a foothold below the 109.197 level, then I will wait for a further decline, down to the support level, which is at 108.748. Near this support level, I also expect a turning candle to form and the price to resume upwards.
    Name: image_4775385.png Views: 23 Size: 25.8 KB

    H-1 Time Frame Chart,
    Since the first time, the bears were not allowed to break through the bottom located at 109.40, limiting the decline to the support level at 109.60. But it seems that it was a temporary lull, and the sellers did not change their plans in any way. That is, we are waiting for the continuation of activity on their part. I think that if they can break the 109.600 level on an ongoing basis, they will not only want to move to the lower level, but also significantly update it.
    Name: image_4775183.jpg Views: 23 Size: 459.7 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


Reply to thread
Page 242 of 243 237 240 241 242 243

Subscribed to this Thread : 9

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts