Fresh 15-year highs for NIKKEI on weak JPY (helping exports) and huge liquidity provision by central banks around the world. The short-term trend is up as long as NIKKEI trades higher than 18.800. The impressive rally from the January low (16.600) has created overbought market conditions, but 20.000 is the major upside target for the […]
NIKKEI on a fresh 15-year high on weaker JPY (helping exports) and China’s interest rate cut (lifting risk appetite). The short-term trend is up as long as NIKKEI trades higher than 18.500. Dips should be bought, but the impressive non-stop rise from the January low (16.600) has created overbought market conditions. A retest of the […]
USD/JPY’s uptrend is intact as long as price stays above 119.50. A revisit of the 7 year high (121.85) is very likely in January. Diverging monetary policies between the Fed and the Bank of Japan add to buying pressure. USD/JPY, 5-hour chart: Chart courtesy of Investing.com. http://Investing.com Please read the Disclaimer!
Nikkei’s reversal from its 7-year high…. Nikkei Index, monthly chart: Chart courtesy of investing.com. http://investing.com Please read the Disclaimer!
Click the following link to read my article on INVESTING.com: http://www.investing.com/analysis/usd-jpy:-important-trend-line-230961 Content provided to and re-published from http://www.INVESTING.com Please read the Disclaimer!
USD/JPY is at 7 year highs after last night’s unexpected move by the BoJ. There is an important trend line on the monthly chart that was violated last night. If current strength persists and price remains above 110, the pair could target 120 and make a significant higher high after a long long time. USD/JPY, […]
After 2 months, the USD/JPY trend turned negative, while EUR/USD needs to trade above 1,2720 for the daily trend direction to reverse. It is notable that today’s ECB press conf and policy decisions had no significant impact on the day’s EUR/USD trading volatility, which remained low. The daily trend of the major FX pairs is […]
The daily trend of the major FX pairs is as follows: UPTREND: USD/JPY DOWNTREND: EUR/USD, GBP/USD, AUD/USD SIDEWAYS: – Please read the Disclaimer page! RECEIVE MY TREND TRADING REPORT FREE OF CHARGE, TWICE A DAY, FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!