Posts Tagged ‘USD/JPY’

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USD/JPY and AUD/USD Forecast — May 22nd 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 22nd session. USD/JPY — As you can see on the daily chart, the formation of these three candlesticks with long wicks is a sign of weakness. So, you can expect the market to pullback, and move towards the 107.00 level. And a break below these lows, then the 106.00 level is calling. The 1.07.50 level could be the beginning of the supply zone […]

USD/JPY and AUD/USD Forecast — May 19th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 19th session. USD/JPY — The USD/JPY pair is trading between the 50-day EMA and the 107.00 level. A break below the bottom of this candlestick is very bearish and the next target to the downside is the 105.00 level. Rallies that show signs of exhaustion are selling opportunities. A candle close above the 107.00 level will see this pair reaching […]

USD/JPY and AUD/USD Forecast — May 18th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 18th session. USD/JPY — The market has been hovering around the 107.00 level and is also trading in the middle of this consolidation zone. A break below the bottom of this candlestick is very bearish. The 50-day EMA above will cap the rallies. So, you can fade rallies at the moment, and sell them on signs of exhaustion. AUD/USD — The 50-day […]

USD/JPY and AUD/USD Forecast — May 15th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 15th session. USD/JPY — The trading session was similar to the S&P 500 market on Thursday session. Initially, the pair fell below the 10700 level, and then found support to rise a bit. Both the 50-day EMA and the 200-day EMA will be offering strong resistance. A break below the recent lows is a signal to sell and then the 105.00 level will […]

USD/JPY and AUD/USD Forecast — May 14th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 14th session. USD/JPY — The USD/JPY pair is hovering around the 107.00 level. Rallies will face strong resistance at the 50-day EMA and you can sell them on signs of exhaustion. You need to see a candle close above the 109.00 level to be convinced to buy the dollar. To the downside, the 105.00 level is calling. AUD/USD — The Aussie is […]

USD/JPY and AUD/USD Forecast — May 12th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 12th session. USDJJPY — The pair rallied strongly on Monday session, but ran into strong resistance at the 50-day EMA. The market looks overbought at the moment. So, you can expect the market needs a pullback. A break below the 107.00 level is reason enough to sell and the next target to the downside is the 105.00 level. AUD/USD — The market is […]

USD/JPY and AUD/USD Forecast — May 8th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 8th session. USD/JPY — Initially, the pair rallied towards the 107.00 level, but then pulled back after the announcement about fed funds futures see negative rates. So, it looks likely that this pair could grind slowly to the downside towards the 105.00 level. AUID/USD — The trading session was bullish on Thursday to reach […]

USD/JPY and AUD/USD Forecast — May 7th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 7th session. USD/JPY — The trading session was very bearish on the Wednesday session as the pair broke below the support at 106.50. The 106.00 level could be tested for support. A breakdown below the bottom of this candlestick is a signal to sell. Rallies are to be faded and you can sell them on signs of exhaustion. A risk-off sentiment looks likely to continue […]

USD/JPY and AUD/USD Forecast — May 5th 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 5h session. USD/JPY — The market rallied towards the 107.00 level initially on Monday session, but gave back some of the gains. A breakdown below the 106.50 level is reason enough to sell this pair with a target towards the 105.00 level. You need to see a candle close above the 108.00 level to feel comfortable buying this pair. […]

USD/JPY and AUD/USD Forecast — May 1st 2020

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 1st session. USD/JPY — This pair rallied on Thursday session trying to break above the 107.50 level, but failed due to strong resistance. As you can see on the daily chart, you can make an argument for a descending triangle pattern. The statement from Jerome Powell, the Fed President has caused the dollar to weaken. So, the investments will flow […]

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