From this chart, support for USDJPY can be visualized differently but there is one clear resistance. The nearer we go to the apex, the higher there is a chance for a technical movement that could resolve into a trend continuation or a bullish breakout. Usually a downward
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Read more →Sentiment for AUDUSD, EURUSD, USDJPY, and GBPJPY AUDUSD Daily chart uptrend based on the 200-day moving average A falling wedge has appeared over the last months and at once also validated by the bullish breakout in the last 3 trading days of Week 26 4 hour chart
Read more →Sentiment for AUDUSD, EURUSD, USDJPY, and GBPJPY AUDUSD Daily chart uptrend based on the 200-day moving average 4 hour chart shows that week to week, AUDUSD in Week 25 has extended beyond Week 24 low Bears will be encouraged to continue shorts On the way down, May-low
Read more →USDJPY WK123 Analysis Report USDJPY Wk123-Day: A recap of USDJPY: USDJPY had been charting in a downtrend Equidistant Channel since September 2010. It is still within this channel. In early April 2011, USDJPY charged up to re-test important resistance level at 85.93 (R2). It failed and dropped
Read more →Sentiment for AUDUSD, EURUSD, USDJPY, and GBPJPY AUDUSD Daily chart uptrend based on the 200-day moving average 4 hour chart shows that week to week, AUDUSD in week 23 has extended beyond week 22 low Bears will feel the start of a new trend and look for
Read more →As an addition to Sela’s USDJPY analysis for week 21, there are some interesting observations about the weekly chart of USDJPY which should be noted. USDJPY Weekly Few facts to take note: 1. USDJPY still in downtrend 2. No reversal pattern 3. Reward to risk is good in
Read more →$USDJPY Wk120-H4: Week20 – After gathering enough energy in the early week, $USDJPY finally broke out out from the Week117-low (red line) and charged up ~80 pips before the re-test of the red-support line. It then moved another 120pips up to the R2 resistance zone before falling
Read more →$USDJPY Wk116-Weekly: I have not look at weekly chart for the pair for some time. When I looked at it this round, I found an interesting fact – since August 2010 till date, $USDJPY looks like to be in a major consolidation period (highlighted in blue). During
Read more →$USDJPY Wk113-Day: In the last week of March 2011, $USDJPY ends the month with an over 300pips upside and a new historical low of 76.12 (360 pips from Year 1995 low at 79.75). The pair is currently being resisted by Fibonacci-Retracement at 76.4% taken the downflow from
Read more →$USDJPY Day: March 2011 – It is a wild month indeed for the pair – The impact of the deadly 9.0 magnitude earthquake and the fears of a horrific nuclear catastrophe sent the pair to fall through the symmetrical triangle (black) and drop like a rock to
Read more →This is not the first time in history where the Japanese Yen is being intervened. Did a screen cap of what happened before(September 2010) and what can possibly happen now as the JPY is currently being intervened. You can read about the intervention article here. USDJPY Day
Read more →$USDJPY Day: In the daily chart, we see that $USDJPY is still unable to break out of this strong symmetrical triangle going into the second week of March 2011. It is still ranging between the Fib-R 23.6% & Fib-R 50% retracement from the September 2010 downflow. As
Read more →The USDJPY pair has been ranging for about 5 months dating all the way back to Nov 2011. Typically in a ranging market, Forex strategies which uses mainly indicators become unreliable. This is where our Tflow® strategy stands out. Tflow® allows us to always buy low and
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