China - U.S. War Preparations!We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations;
⭕️Which financial asset classes they divert into.
⭕️Which industries they become reliant on.
⭕️Which countries they turn into allies.
Jpy
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation.
Target Levels:
168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
169.18: This is a further extension of the upside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards.
Thank you.
Potential bearish reversalAUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit
Entry: 100.359
Why we like it:
There is a pullback resistance level
Stop loss: 100.699
Why we like it:
There is a resistance at the 127.2% Fibonacci extension
Take profit: 99.235
Why we like it:
There is an overlap support level
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EURJPY: Bullish on a 4H MA50 rebound.EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP = 166.500).
See how our prior idea has worked out:
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USDJPY H8 - Sell SignalUSDJPY H8
We were following USDJPY last week and this was something that unfolded nicely for us after a little bit of patience, profit was taken, risk was mitigated and we pushed back to entry following a stronger dollar during the NFP event on Friday.
We are now pushing to the extreme levels of our major resistance price. Slightly south of 152 for the moment. But the whole number could be a good price to see a final attempt at shorts. Remember, we haven’t traded north of 152 for over 3 decades. 34 years!
Opened stop loss a little here compared to previous measures, could certainly be worth a final shot. Offering between 10-15R.
A fantastic opportunity to sell EURJPYHi traders,
EURJPY is reached to powerful static and dynamic resistance and according to the overselling of JPY we could sell EURJPY with SL on highest price.
don't forget risk free it below the 158.
Entry price 161.3
Final TP 152.3
RR1:3
scalpers could take their profit on 158-9 level.
Be successes
Potential bearish dropThe price is rising towards a resistance level and could reverse from this level towards our take profit
Entry: 151.752
Why we like it:
There is a pullback resistance level
Stop loss: 151.971
Why we like it:
There is a swing high resistance level
Take profit: 151.338
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Must-know events for the trading week Must-know events for the trading week
The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data.
Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari revealed that he had anticipated two interest rate cuts this year. However, he noted that if inflation remains sluggish, no cuts may be necessary. This outcome would really surprise the market, which is mostly still expecting three cuts, starting in June.
Headline inflation is expected to rise for a second consecutive period to 3.4%, while the core rate is projected to decline to 3.7%, reaching its lowest level since April 2021.
In Europe, all eyes will be on the European Central Bank's meeting, where current interest rates are anticipated to be maintained. The likelihood of future rate cuts will be assessed by the market at the same time.
In Japan, investors will be monitoring potential intervention actions from the Bank of Japan to support the yen. Governor Kazuo Ueda will also be speaking during the week regarding the central bank's future steps.
Meanwhile, the Reserve Bank of New Zealand is expected to leave the official cash rate unchanged at 5.5%. The RBNZ's latest forecast from February suggests that the OCR will remain steady until early to mid-2025, despite expressing increased confidence based on recent data.
NZDJPY possible dropAfter price impulsed to the upside to take out previously formed trend line liquidity, it preceded to break structure to the downside to continue with its bearish trend. We see a similar impulse happening that takes out recently formed trend line liquidity. This impulse quickly reverses after tapping into an extreme supply zone that was formed during the bearish push. It then gave us a confirmed change of character on lower time frame. Zooming in, we find that price has currently formed liquidity that it could use to fuel its move further to the downside after filling in some imbalance, taking out our recently formed low and its liquidity.
NZDJPY, Bullish trend. NZDJPY / 1D
Greetings, traders! Welcome back to another market analysis.
The NZDJPY pair has been following a bullish trend, with the price indicating signs of strength in the last week. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
Eurjpy and Audjpy looking for looks if jpy continue weakensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities
But do keep in mind if BOJ gonna dish out stuns on its interventions.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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❌we will soon have a correction❌It is very likely that we will soon have a correction to the targets of 149.420 and 148.000 in this currency pair. Pay attention that this analysis is in the daily time frame and the trigger to enter the trade is the breaking of the 150.00 level down in the 1-hour time frame.
CADJPY is approaching a significant zoneHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area.
Trade safe, Joe.
GBPJPY to find support at previous resistance?GBPJPY - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
Previous resistance level of 191.55 broken.
Bespoke support is located at 191.35.
Preferred trade is to buy on dips.
We look to Buy at 191.35 (stop at 190.85)
Our profit targets will be 192.55 and 192.85
Resistance: 192.35 / 193.00 / 193.50
Support: 191.35 / 190.85 / 190.25
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buy GBPJPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 190.50. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
191.25: This represents the first level of resistance within the channel.
191.61: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 190.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY
CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY."
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EURJPY's Upward Momentum and Opportunities AheadThe EURJPY pair has shown promising strength after a corrective phase from its peak on March 21, 2024. Today, it successfully breached a significant resistance level at 163.322, providing a stronger confirmation of the existing bullish momentum. With this noteworthy breakout, the allure of a Long position becomes increasingly compelling.
Technical Analysis:
On the 4-hour timeframe, EURJPY is currently trading above several key moving averages, including the SMA 7, SMA 24, and SMA 150. This indicates clear bullish strength, especially after a prolonged correction period. The breakout from the resistance level at 163.322 adds confidence to further bullish momentum, with technical indicators suggesting potential for higher moves.
Fundamental Insights (JPY):
Despite the Bank of Japan's exit from negative interest rate policy, BOJ Governor Ueda has reiterated the commitment to continue purchasing Japan Bonds and refrain from raising interest rates. This monetary policy stance has triggered sustained weakness in the Japanese yen, evident from its recent depreciation. With supportive fundamental conditions, yen weakness adds impetus for the EURJPY pair to continue its bullish trend.
Trade Targets:
- Target 1: 164.414
- Target 2: 165.380
- Target 3: 167.252
These targets are calculated using Fibonacci ratios, with Target 3 reaching approximately 140% of the previous rally and the historical resistance. Each target offers potential for significant gains for traders entering Long positions.
Risks to Consider:
- Sudden shifts in market sentiment or unforeseen fundamental developments may impact the direction of EURJPY movements.
- Market volatility and the possibility of retracement during the journey towards the take profit targets should be duly noted.
With a strong confirmation of bullish breakout and support from both technical and fundamental analyses, Long positions in EURJPY present enticing profit opportunities. However, it is essential to remain vigilant of risks and manage them prudently with every trade executed.
EURJPY to find resistance at the current market level?EURJPY - 24h expiry
We are trading at overbought extremes.
Our short term bias remains negative.
This is negative for sentiment and the downtrend has potential to return.
We look to sell rallies.
Weekly pivot is at 163.55.
We look to Sell at 163.55 (stop at 164.05)
Our profit targets will be 162.65 and 162.45
Resistance: 164.30 / 167.35 / 168.95
Support: 161.90 / 160.00 / 158.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDJPY: Your Trading Plan Ahead of FED 🇺🇸🇯🇵
USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a strong bullish signal.
A bullish continuation will be anticipated at least to 153.0 level then.
Bearish
151.0 - 151.3 is the support of a daily range.
Its bearish breakout - a daily candle close below, will be a perfect signal to short.
The first goal for the sellers will be 150.3 support.
Wait for a breakout, it will give you a strong confirmation.
❤️Please, support my work with like, thank you!❤️
USD/JPY will break 152 soon(4/3/2024)USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon.
It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker.
This is not a buy signal because maybe BOJ is attempting to manipulate the market.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area.
Trade safe, Joe.