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Archives by Year:
USD/JPY Forecast: United States Dollar Continues To See Support Against Japanese Yen Technical Analysis
Technical AnalysisThe technical analysis for this pair is rather bullish, and it’s worth noting that the 50 Day EMA sits just below the ¥155 level and is rising. We have tested this over the course of the last couple of trading sessions, and it looks like it is trying to hold. In fact, it’s probably […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Tuesday, Jan. 21
Australian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 (Started) Details: Orange wave 2 appears completed, and orange wave 3 is now in progress. Wave Cancel Invalid Level: 99.200 Analysis OverviewThe daily AUDJPY chart presents a bearish trend following Elliott […]
Japanese Yen Strengthens To A Monthly High As Markets Anticipate A Bank Of Japan Rate Hike
The USD/JPY pair fell to 155.08 on Tuesday, close to the monthly low. The Japanese yen gained strength as speculation grew regarding a potential interest rate hike by the Bank of Japan (BoJ), driven by hawkish commentary from BoJ officials, which increased the likelihood of this action. Key factors driving yen strengthA possible rate hike would […]
Apple Faces Sales Decline In China; Stock Downgraded Before Q1 Earnings
Image Source: Unsplash Jefferies analysts recently downgraded Apple Inc. (Nasdaq: AAPL) from Hold to Underperform, setting the stage for a potential shift in investor sentiment. The reduced price target of $200.75 suggests a 13% downside, primarily due to weaker-than-expected iPhone sales and a slower uptake of AI technologies. This decision also concerns Apple’s revenue growth guidance and EPS forecasts for […]
USD/CAD Outlook: Looming Trump Tariffs Weighs On CAD
The USD/CAD outlook suggests growing bullish sentiment as the Canadian dollar weakens ahead of Trump’s likely import tariffs. Meanwhile, the dollar regained momentum as market participants eagerly awaited Trump’s inauguration speech. The Canadian dollar has dropped recently as markets have shifted their focus from economic data to the new US administration. Last week, inflation data solidified […]
The Bank Of Japan’s Upcoming Policy Meeting: Implications For USD/JPY
Image Source: Pixabay Instrument: USDJPY Average Pattern Move: +0.53% Timeframe: Day of BoJ decision Winning Percentage: 75% The Bank of Japan (BoJ) is set to hold a two-day policy meeting on January 23-24, 2025, where it will deliberate on a potential interest rate hike from the current 0.25% to 0.5%. Market anticipation is high, with […]
BTC/USD Forex Signal: Double-Top Chart Pattern Forms
Bearish View Sell the BTC/USD pair and set a take-profit at 95,000. Add a stop-loss at 109,200. Timeline: 1-2 days. Bullish View Set a buy-stop at 104,000 and a take-profit at 109,000. Add a stop-loss at 95,000. The pair dropped after Trump failed to mention crypto in his inauguration speech on Monday as some investors […]
Elliott Wave Technical Analysis: Shanghai Composite Index – Tuesday, Jan. 21
Shanghai Composite Elliott Wave Analysis Trading Lounge Day Chart Shanghai Composite Elliott Wave Technical AnalysisTechnical Analysis Overview Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 (Started) Details: Orange wave 2 appears completed, and orange wave 3 is now in progress. Wave Cancel Invalid Level: 2684.5610 Analysis OverviewThe Shanghai Composite daily chart analysis […]
EUR/GBP Holds Positive Ground Near 0.8450 After Mixed UK Employment Data
Image Source: Unsplash EUR/GBP trades in positive territory near 0.8450 in Tuesday’s early European session. UK Unemployment Rate climbed to 4.4% in three months to November; Claimant Count Change came in at 0.7K in December. The dovish remarks from the ECB could weigh on the shared currency. The EUR/GBP cross extends its upside to near 0.8450 during […]
Rates Spark: Trump’s Government Is Now A Fact
Image Source: PixabayMarkets may have “bought” the rumour and will proceed to “sell” the fact now that Trump’s inauguration is a done deal. Even if UST yields come down, we still see structurally higher US rates. On his first day of his second term as US President, Trump declared energy and border security emergencies but has not enacted […]
