Блог Daytrader21

Avatar

USD/JPY Neverending Consolidation

USD/JPY has been unable to sustain any gains during this year and we have moved in a big range for the most part of the year. Even though we managed to make a marginal new high above 122.00 the momentum slowed down and we're back inside the range. Current range extends from the 122.00 resistance level all the way down to 116.00 level (see Figure 1) where we have a strong support and where I'm expecting price to hold and revers to resume to bigger bullish trend we're in. We're in a …
Читать
Перевести на Английский Показать оригинал
Daytrader21 avatar
Daytrader21 16 Май

Update 1: USD/JPY has had another rejection of the 120.00 big round number and current resistance level. However in order for the downside momentum to really build up we need a break of 118.50. Until than we should expet more range bound activity.

Daytrader21 avatar
Daytrader21 22 Май

Update 2: The market seems to deviate from my forecast and if we are indeed going to break the current high at 122.00 round number the bullish trend may resume without to retest the 166.00 support level

иличтобы оставить комментарий
Avatar

1980-1985 US Dollar Analog

Since I didn't had enough space to cover this matters on my US Dollar Macro and Technical view article, which you can find it here: US Dollar Macro and Technical
I thought to add a few more notes on what I'm looking when it comes to the US Dollar cycle. The 1980-1985 US Dollar analog has served as map to price action since the beginning of this rally(see Figure 1) If we measure the Fibonacci retracement from the index's secular peak in 1985 we can see that we didn't even touched the 38.2 fi…
Читать
Перевести на Английский Показать оригинал
guilhemch avatar
guilhemch 11 Май

Thank you that was interesting!! I also have a sentiment that the USD bullish wave is not done especially vs the JPY.

Daytrader21 avatar
Daytrader21 11 Май

guilhemch Also EUR/USD has to go below parity in coming years so there is plenty of room for it to go down

иличтобы оставить комментарий