Posts Tagged ‘USD/JPY’

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 18th session. USD/JPY — The Wednesday session was slightly bearish for this pair. You can make an argument for the formation of a basing pattern, right at the 61.8% Fib retracement level, at 107.75. It looks like this market will rally from here. But the 50-day EMA above could offer strong resistance. This market is influenced […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 5th session. USD/JPY —The Thursday session was a low volume session as the US was celebrating the Independence Day. And the market bounced off to form a hammer candlestick on the daily chart. The stock market is picking up. The S&P 500 has reached the 3,000 level. To the downside, the 105.00 looks supportive. Even if the market clears this cluster above, it […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 2nd session. USD/JJPY — The market gapped higher on Monday session and reached the level of psychological significance. Then it turned downwards looking for support. This pair is correlated with the US stock market by means of risk appetite, as the yen is seen as the safe haven currency. If the stock market fall, then the yen will appreciate as investors […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 28th session. USD/JPY — The market initially rallied on Thursday session, but then fell back giving back the gains, and it ended up forming a shooting star candlestick on the daily chart. So, this suggests that it is time to sell this pair. The ongoing US-China trade dispute and the upcoming G20 summit will have a significant […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 19th session. USD/JPY — Initially, the market fell on Tuesday session, but found support at the 108.00 level to form a hammer candlestick on the daily chart, A rate cut by the ECB looks likely by means of quantitative easing,. Also, the Fed is expected to do the same thing causing the greenback to weaken. In that case, the market could head towards the 109.00 level. […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 14th session. USD/JPY — On Thursday session, the market was bearish, as it fell looking for support, and formed a hammer candlestick on the daily chart. This is the second hammer. Also, it is interesting to note that there are two shooting star candlesticks prior to them. This indicates that the market is influenced by indecision among the investors. […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 7th session. USD/JPY — On Thursday session, the market initially pulled back, then found support to form a hammer candlestick, as you can see on the daily chart. You can spot this double bottom pattern on the daily chart. Investors are looking forward for the outcome of the non-farm payroll report. A break above the recent highs is seen as a bullish […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 5th session. USD/JPY — The market looks confused a bit at the moment. Both the 108.00 level and the 61.8% Fib retracement level offer support. It looks unlikely that the market will wipe out the entire move by breaking below 108.00. So, it looks likely that the market will rally from here and reach towards 109.00. AUD/USD […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 3rd session. USD/JPY — The Friday session saw a significant sell-off in this pair breaking below the 109.00 level. So, the 108.00 level is seen as support at the moment. The stock market has experienced a sell-off recently. So, the yen is gaining strength at the moment. A break below 108.00 is very bearish and the next support level could be […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The pair fell strongly on Thursday session. The market showed a risk-off sentiment The S&P 500 index is showing signs of recovery. That can help this pair to move to the upside. The market could possibly fill this gap, as you can see on the daily chart. The market is sitting on a strong support level. A break […]