TradeAndMeApp

TradeAndMeApp

The SNB was one of the first to start the rate-cutting process. Japan, on the other hand, has entered a rate-hiking phase, contrary to other developed central banks. This contrasting approach is helping the Japanese Yen, which has experienced a historic depreciation, to recover. When we look at the long-term main uptrend, we see that the trend price movement...

TradeAndMeApp

With Japan starting its interest rate hike process and ECB entering a rate cut cycle, we expect a significant recovery in the Yen, which has reached historically low levels. After confirming the downward trend with the previous sharp decline and breaking the upward channel, we expect a move down to the 61.8% Fibonacci retracement level of the main upward...

TradeAndMeApp

With Japan starting its interest rate hike process and Australia entering a rate cut cycle, we expect a significant recovery in the Yen, which has reached historically low levels. After confirming the downward trend with the previous sharp decline and breaking the upward channel, we expect a move down to the 61.8% Fibonacci retracement level of the main upward...

TradeAndMeApp

We expect an increase in the JPY as the Bank of Japan starts its interest rate hike process and signals that it will continue. All developed country central banks have entered into interest rate cut processes. The only exception is Japan. We expect this process to initiate a significant recovery in the JPY, which has lost 50% of its value over the past two years.

TradeAndMeApp

Following the Fed's surprise rate cut, we expect a decline in the dollar. The rise brought by last week's non-farm payrolls and hourly earnings creates a selling opportunity. We expect a gradual decline towards the 1.31 level in USD/CAD. You can follow the analysis for intermediate levels and the correction movements we anticipate. Intermediate level updates will follow

TradeAndMeApp

We expect an increase in the JPY as the Bank of Japan starts its interest rate hike process and signals that it will continue. All developed country central banks have entered into interest rate cut processes. The only exception is Japan. We expect this process to initiate a significant recovery in the JPY, which has lost 50% of its value over the past two years.

TradeAndMeApp

We expect an increase in the next few weeks to around 1.36

TradeAndMeApp

For those who want to evaluate the short-term upward movement

TradeAndMeApp

For detailed economic analysis, you can check our DXY analysis. Technically, we expect the price, which is in an upward trend to complete the Elliott 3rd wave, to rise to the 0.6410 - 0.6470 range. If it completes the 3rd wave at these levels, we expect a drop back to the 0.63 level to complete the 4th wave. For the 5th wave, we anticipate the price to rise again...

TradeAndMeApp

The price, which broke the main resistance level after the FED's rate cut that exceeded expectations, has retested the broken resistance level today, turning it into a support level. In the main trend movement, we expect the price to complete the Elliott 3rd wave around the 0.7000 level. Afterward, we anticipate a corrective drop to the main support level of 0.68,...

TradeAndMeApp

The FED surprised the markets with a 0.50 point preemptive rate cut. We expect this preemptive cut to cause a downward movement in the dollar index. However, we do not foresee a long-term downtrend. While the FED started the process with a larger-than-expected cut, other central banks had already begun their rate-cutting cycles much earlier. Therefore, after a...

TradeAndMeApp

As a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and sees downside resistance from the intersection of the 50-period MA and the 23.6% Fibonacci level of the main trend on the H4 chart.

TradeAndMeApp

As a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and is facing resistance from the intersection of the 100-period MA and the 61.8% of the last decline on the H4 chart.

TradeAndMeApp Updated 

On the H1 chart, after breaking the medium-term upward channel, we expect the price to pull back to the 23.6% retracement zone. If this zone is broken, we anticipate a decline towards the main channel resistance and a corrective upward move from the main channel. In case the main channel is broken, our first major target will be the 38.2% Fibonacci retracement...

TradeAndMeApp

With the expected upward movement in DXY, we are also anticipating an upward move in USD/JPY. Our first target is the 38.2% retracement level.

TradeAndMeApp Updated 

The short-term bullish channel has been broken. We expect a corrective decline down to the 38.2% Fibonacci retracement level.

TradeAndMeApp Updated 

We expect a drop in the price that broke the 200-hour moving average towards the main correction level of 38.2%, and if this level is broken, a decline to the 61.8% Fibonacci retracement level is anticipated. With the expectation of a 0.50-point rate cut from the FED in September starting to decrease to 0.25 points, we may see a correction movement in the U.S....

TradeAndMeApp Updated 

With the DXY starting its corrective decline, a correction has also begun in AUD/USD. We expect the price to resume its downward movement from the 50%-61.8% levels and fall to our main target at the 38.2% main trend correction level. For any sell positions you enter, you can set your stop loss above the previous upward trend peak.