Yes i agreed with you, that when we history it falling down only. Some 20 yrs back, price was more then 300, around 10 years back price was around 150 and now 80, maybe after 5 yrs price goes to 50.
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Yes i agreed with you, that when we history it falling down only. Some 20 yrs back, price was more then 300, around 10 years back price was around 150 and now 80, maybe after 5 yrs price goes to 50.
current signal : Bullish
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
Having broke the uptrend trendline now, we cannot say that eurusd will now continue the long-term downtrend. We still have several bottom/supports below to contend with, 1.1717 and 1.1553, which should hold eurusd from going down. Although eurusd has already made a long move down now, it is the view that eurusd will still continue down as it has still strong momentum. And with that we have bottom/supports at 1.1717 and 1.1553 as possible targets.
Pairs are also more experienced divergent, it seems the price was trying to cross the line ema62 h4.
if the price has been docked with the ema line, then the trend is usually formed sideway trend.
and sma as dynamic snr does not work.
for this time I just followed the movement of marbels only.
final result: the two positions have not been
Intra Day Fibonnaci Support and Resistance for usd/jpy
Resistance level 3=108.38
Resistance level 2=108.15
Resistance level 1=108.00
Pivot Point=107.77
Support level 3=107.16
Support level 2=107.39
Support level 1=107.54
Trend= strong buy
My suggestion= buy
good luck and be careful.
According to Fed fund futures, the market completely discounted a quarter point rate cut and sees a 70% chance of a second move before the end of the year. Interestingly enough, these odds shifted lower over the past week because prior to that the market was pricing in 100% of two rate cuts before the end of the year. Part of this has to do with stronger inflation and consumer spending numbers but some economists feel that by easing aggressively, the European Central Bank reduces the pressure on the Fed to do the same, especially if they effectively avoid a deep prolonged recession. Whether that's true remains to be seen but in the immediate future, how the dollar trades for the days and weeks ahead will be determined by the tone of Fed Chairman Powell's press conference
USDJPY Trend is BUY
1 Resistance : 107.82
2 Resistance : 107.90
3 Resistance : 109.99
1 Supporting : 107.70
2 Supporting : 107.65
3 Supporting : 107.59
yes you are right due to japan earth quake its fall many pips..but now we can see little bit improvement near 80.16..and once again this pair at this price level so we expect little bit more improvement.
this is my analysis for USDJPY
hopefully it will be good & understandable and help you to earn good profit in tra
Simple Moving Average chart for this pair seen as an indicator as smoothly up movement,
so it is possible the breakout of this resistance level and the pair will continue to go up to the next higher level.
in my personal view this pair will be continue bullish trend, for intraday trading today
you can take entry BUY Order now, and target take profit around the resistance level
if market movement as my scenario, you can earn good profit and avoid much loss in your trading
keep trade with discipline and patience .
remember..always trade in the direction of the current trend, because trend always your friend.
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 107.76
This currency name - USD/JPY
Resistance and Target - 107.84
Support and Stop Loss - 107.68
Always follow Long time frame market trend.
Signal is Sell.