Haynes6EU's Blog

Avatar

USDJPY - Inside range of down-channel!

Hi Traders,
Below is my technical view on USDJPY pair, this analysis base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price is in down-channel from Jan 2017 from high level 118.xx, price just bounced back from 108.2x. Price is standing at balance area in weekly chart, I think market need several weeks or months to accumulate before break to upsid…
Ler história completa
Traduzir para Inglês Mostrar original
Haynes6EU avatar

Update 1: This pair was still in down-channel and stand at upper bound. I think that would be risk to buy at this level with expectation price will go higher. I wait and see price action at this level to make decision.

Haynes6EU avatar

U[date 2: USD/JPY is trading circa 112.8 as of writing. I'm waiting for sell signal from market to go entry.

Haynes6EU avatar
Haynes6EU 15 Maio

Update 3: JPY and Gold is very weak as demand for safe asset reduce and risky asset increase because US economy and inflation expectation are good.

oudeixar comentários
Avatar

USDJPY-Bulls can hold 100.8?

Hi community,
The pair USDJPY has boring time from start of this year. I try to find out something in long-term. And result as below
1. Monthly chart: It has been six months consolidation when hit 105.4 (fibo 61.8 in monthly chart), test 100.8 two times. Monthly chart is falling down and could test 100.8 again. So this times Bulls can hold or not??? Potential target could be 99.85!
2. Weekly chart: The trend line has taken and now there are more room for Bears.
My target: 99.9 on 1 st of August!…
Ler história completa
Traduzir para Inglês Mostrar original
Haynes6EU avatar

Boring pair, tigh range consolidation :(

Haynes6EU avatar

Move down pressure! Safe-Haven Currencies Soar after Malaysian Airline Crash and super typhoon Neoguri effected on the Japanese Yen

Haynes6EU avatar

Bulls still hold strong support around 100.8 ~ 101.3! Narrow range is expected ahead.

oudeixar comentários
Avatar

USDJPY major trend reversal?

My technical view about the pair USDJPY on 1st of July.
Background: U.S economy shows improvement, FED continues to taper each meetings but U.S 10 years yield was lower. Meanwhile sale tax rose, the Nikkei reduced and JPY long position increased! The pair hit decreasing long-tern trend line at 105.4 from late of 2013, the pair is consolidating from there, now the pair is in a narrow range! A break is expected?
1. Weekly chart shows narrow range and some bearish signal. A break 100.8~101.5 area c…
Ler história completa
Traduzir para Inglês Mostrar original
Haynes6EU avatar
Haynes6EU 21 Maio

Price is standing at 100.8 level. A break down could be a signal for more downside. Next target 98 level is not so far :D

Haynes6EU avatar
Haynes6EU 31 Maio

Price bounce from 100.8 level and Bears continue to find the way to go down again. But Bulls doesn't give up!

Haynes6EU avatar

Bulls push the pair go up to 102.7 level. Now it seems Bears temporary control from resistance level. Question is when Bulls come back to Bears continue to control!

Haynes6EU avatar

After 100.8 hold since 21/5. Bears didn't give up and continue try to pull the pair down!

Haynes6EU avatar

I think Bulls will control situation now, there is a room for Bulls from 101.3 level.

oudeixar comentários
Avatar

USDJPY is in rectangle consolidation, what next?

1. Weekly chart: The pair is consolidating now and prepare for trend continuation! Rising trend still keep on track.
2. Daily chart: Rectangle consolidation is ready to finish. It means rising trend will continue. Strong support area 100.8~101.5 hold. Next target the pair would test 103.7 resistance level.
My target: 103.22 on 2nd of June!
Regards,
Haynes
Ler história completa
Traduzir para Inglês Mostrar original
Haynes6EU avatar

101.5 support area still hold! The price can bounce from this level. Another view: If break below happen, price will test 100.8 again and could more downside to 98??? But now I prefer upside more!

Haynes6EU avatar
Haynes6EU 16 Maio

The pair is in narrow range now. prepare for break?

Haynes6EU avatar
Haynes6EU 16 Maio

I think one more up move before break to downside :D

Haynes6EU avatar
Haynes6EU 21 Maio

98 level is on the way :DThe consolidation period is preparing for break down

Haynes6EU avatar
Haynes6EU 29 Maio

Wrong prediction :D Bears power behind the consolidation

oudeixar comentários