What the Charts are saying about Yen - forex target trading reviews

What the Charts are saying about Yen ~ forex target trading reviews

The Yen is at an interesting level now and so are currency pairs and other markets related to it. On a long note, its been dipping since 2011, now at 2007 low.

 Markets go up and down, in spiral form. When the price of a particular instrument goes up, its a normal thing to think of a dip. 

 

The question now is Where? and When?. 

Let me start this analysis from Nikkei 225 index which has a very strong negative correlation with the yen. 

 

Typically when Yen falls Nikkei rises and without any surprises, Nikkei has soared from 2007/08 to a 20 years high region. A fall is expected soon.

 

The charts below show the elliot wave count of Nikkei on the Monthly and Weekly time frames and are looking very strong on the upside. 

 

100% projection of its 5th wave from the 4th wave falls at 2165 and its neighborhood. 

 

The long term rally could end at this resistance level.

 Nikkei is expected to continue the rally to complete the last leg of the sub-wave of the long term bullish move.

 

 

 

The dip in Yen and rally in Nikkei are in very clear impulsive moves and a correction is expected targeting at least the region of the 4th wave of these moves.

Yen currency pairs like CadJpy, GbpJpy, AudJpy, NzdJpy and UsdJpy have been on a long term bullish impulsive move.

The UsdJpy is expected to follow this same pattern as shown in the chart below which also shows the possibe reversal zone by fibonacci extension tools.

AudJpy is illustrated in the chart below to complete the last leg of the long term impusive subwave. The possible region of reversal is indicated.

GbpJpy analytical chart is shown below.

And finally CadJpy

 

 

Updates will come as more price data are included to ascertain this analysis.

I will post updates.

Bookmark this blog

More info for What the Charts are saying about Yen ~ forex target trading reviews:

Read more

WEEK OF DECEMBER 06 TO 12 (updated) HIGH IMPACT NEWS CALENDAR - tutorial dasar trading forex

WEEK OF DECEMBER 06 TO 12 (updated) HIGH IMPACT NEWS CALENDAR ~ tutorial dasar trading forex

WEEK OF DECEMBER 06 TO 12, 2015 | HIGH IMPACT NEWS CALENDAR

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
FOREX ACCOUNT OPENING CONTACT US
Mail : infoqmanager@gmail.com Skype : qmanager.live
Phone : 0091 9487929983 and 0091 9600329983
Whatsup: +91-9487929983 and viber: +91-9600329983
Facebook : www.facebook.com/forextamil4u
Youtube : www.youtube.com/user/senthamizharasuvta
website: www.tradingwithtamil.com and www.forextamil.com
Broker : http://business.evenforex.com/

Tags; BOJ, trade balance, CPI, RBNZ rate statement, unemployment rate

More info for WEEK OF DECEMBER 06 TO 12 (updated) HIGH IMPACT NEWS CALENDAR ~ tutorial dasar trading forex:

Read more

Danger looming for Equity Forex Markets GBPUSD at 8 month high - forex trading system wikipedia

Danger looming for Equity Forex Markets GBPUSD at 8 month high ~ forex trading system wikipedia

The dollar plummeted against most major currencies on Wednesday after the Federal Reserve said it was making no changes to its USD85 billion monthly bond-buying program.

GBPUSD today is close to an 8-month high, after soaring more than 1.5% over the last 10 days. This poses a problem for Forex Software Traders, who depend on the small market fluctations in stable currencies for profits. Especially for Robots that use the Martingale (doubling) system, these uncertain times could spell disaster.

My personal view is that danger is looming; diversify your portfolio into safer investments, and possibly into Gold/Silver, Bitcoin, or Chinese Yuan (RMB). My best advise is to do your own research into these opportunities and examine if they fit your overall Investment Strategy, based on your Risk Preference.

Source: Bitcoin Boom: Is This the New Safe Haven?

Source: StarfishFX Daily Analysis http://starfishfx.com/en/resource-center/trader-resources/

Source: Forex - GBP/USD holds gains, near 8-month highs http://www.investing.com/news/forex-news/forex---gbp-usd-holds-gains,-near-8-month-highs-252850

Source: Gold Traders Split on Two-Year Anniversary of Peak: Commodities http://sgx-news.blogspot.in/2013/09/gold-traders-split-on-two-year.html

Just a little background, I was using a Forex Automated Software to trade the GBP/USD pair since November 2012. In light of the Economic Instability due to recent World Events, I have since stopped. 

You can find out more about how the Forex Robot works at autoforexsg.wordpress.com. The Robot is still available for purchase, feel free to contact me if you have any questions at all. However, trade with caution!

Source: Youtube - When Will The Economy Collapse?

Source: Youtube - World War 3 Has Already Begun 

Related articles

• Ichimoku Points to a Strong GBPUSD Set-Up off Cloud Bounce (xe.com)
• ForexLive European morning wrap: Pound and yen prevail as markets await the magic from Mr B (forexlive.com)
• Bitcoin Now Has Huge Potential to Thrive in the Market, Says Jonathan Millet (virtual-strategy.com)
• Plus500 Offers New Opportunities for Bitcoin Trading, Reports ForexMinute (virtual-strategy.com)

More info for Danger looming for Equity Forex Markets GBPUSD at 8 month high ~ forex trading system wikipedia:

Read more

Nikkei 225 index at 15 years high What for Yen - forex trading apprentice review

Nikkei 225 index at 15 years high What for Yen ~ forex trading apprentice review

Japanese stock index, Nikkei 225, nearing 15 years high. Massive impulsive move about to complete probably at 20600-50 level. Massive correction is expected to the south. This could spell something for the YEN

Posted by Sanmi Adeagbo on Sunday, May 24, 2015

More info for Nikkei 225 index at 15 years high What for Yen ~ forex trading apprentice review:

Read more

Trading the Market High of (updated) - forex price action trading signals

Trading the Market High of (updated) ~ forex price action trading signals

EUR USD Market High

After the Euro USD broke out of the larger consolidation pattern on the daily chart last week market approached the high of 2012 yesterday at 1.3486. Market closed at the high of 2012 yesterday and today the Euro broke through it (Breakout Trading/ Timing- see red circle). A similar pattern occurred at the monthly R1 (red circle), where the daily candle also closed at the monthly R1 before market broke the monthly R1 with the next daily candle.
Currently, the Euro USD is trading at the monthly R2.

Daily - Support/ Resistance

Todays rise started with a kind of bull flag between 8 a.m. and 9 a.m.. The Euro USD rose to the monthly R2 at 11 a.m. where market temporarily found resistance. Market broke the monthly R2 with the beginning of the new hourly candle at 3 p.m.. The 5 min candle at 3 p.m. closed at the recent daily high and the next 5 min candle broke this resistance (red circle-Breakout Timing). The  monthly R2 changed its role from resistance to support and held the market so far. 

5 min Euro USD Pivot Points, S/R

More info for Trading the Market High of (updated) ~ forex price action trading signals:

Read more

Market Range Trade Setups - trading signals forex peace army

Market Range Trade Setups ~ trading signals forex peace army

Trading a Sideways Market

Trading in a Range

Euro US Dollar market is in a sideways trading range.
Market is waiting for the Nonfarm Payroll Release on Friday, 01.02.2013.

The Euro US Dollar stayed in a sideways range and sideways market on the hourly time frame till now.

The daily Pivot Point and the weekly R1 Pivot held the market today. Fibonacci analysis and Pivot Points provided some possible trading setups in the sideways market to trade the market range in the EURUSD (see chart below).

5 min Fibonacci Setups and Pivot Point anaylsis

Another Example for a sideways trading range bound market

The Euro Dollar traded in the hourly consolidation range around the low of November 8th (see EURUSD Chart below).

The European session started with a Stop Run at 6 a.m. GMT. This false breakout on the 5 min Euro chart led to a price reversal of the EUR/USD. Market moved down to the 1.27 level in an impulsive move. However, market price action was capped in the range of this impulsive move during todays trading session.

At 1.10 p.m., the Euro Dollar reversed at the 1.2735 confluence resistance level because of the Fibonacci cluster due to the two 100 % fib extensions from the previous swings up, the daily pivot point and also the penetration of the recent high at 1.2730 on the 5 min chart (Stop Runs above recent high and the daily Pivot). The confluence resistance would have provided a good Trading Setup for a short entry in the market.


We had many continuation patterns (green circles-Pennants, Flags, Ledges), which could have guided todays trading setup decisions. Furthermore, the red circles show where the Breakout Timing strategy could have been applied and the orange arrows show where the Support/ Resistance through the consolidation price zones led to a market reaction. The Fibonacci trading levels also helped to find trading setups in regards of market turning points.

5 min Trading Setups Euro Dollar

More info for Market Range Trade Setups ~ trading signals forex peace army:

Read more