The Japanese yen is in negative territory on Wednesday. In the North American session, USD/JPY is trading at 156.53, up 0.68% on the day. There are no key releases in the US today. On Thursday, the US releases unemployment claims and President Trump will address the World Economic Forum. Trump has vowed to levy tariffs on US trading partners, including China and the European Union. The financial markets are taking his threats seriously, and on Monday, his first day in office as President, Trump announced that he was delaying applying tariffs until Feb. 1. That announcement was a relief for the market and the US dollar fell sharply against many of the majors, although the yen failed to gain ground. Will Trump's comments at the World Economic Forum shake up the financial markets? Investors are keeping a close eye on the Bank of Japan rate decision and December Core CPI on Friday. The central bank has hinted at a rate hike at the rate meeting and is widely expected to raise rates to 0.50%, which would be the highest level since the 2008 global financial crisis. After decades of deflation and an ultra-loose monetary policy, inflation has taken root and the BoJ is slowly moving towards normalization. The BoJ's tightening cycle makes it an outlier among the major central banks, most of which are easing rates in response to lower inflation. Japan's core inflation rate has been steadily rising and is expected to climb to 3% y/y in December 2024, up from 2.7% in November which was a three-month high. The core rate, which is a key gauge of inflation trends, has remained above the BoJ target of 2% for over two years and is a key reason why the BoJ is tightening policy. USD/JPY has pushed above resistance at 155.51 and 156.24. Above, there is resistance at 156.97 154.78 and 154.05 are the next support levels
I hope you are well. Based on the previous analysis that was done and as expected, the 4H high was broken and now the 4H trend is bullish which will facilitate the daily pullback. The 4H swing high has broken through the candle body and has been confirmed. https://www.tradingview.com/x/5Ed9sODf/ The 15-minute trend that caused this impulsive price move on the 4-hour timeframe is in an uptrend and continues to maintain its uptrend. https://www.tradingview.com/x/AmBPw5bs/ We should not look for entry opportunities now, if you are a swing trader and are looking for high risk/reward we should wait for the 15 minute trend to turn down until the 4 hour structure has a pullback. In the pullback of the 4 hour structure we can look for entry opportunities in the areas marked in the discount area, of course, on the condition that the 15 minute trend turns bullish again in that area. https://www.tradingview.com/x/YhwOCX1a/ Regards ❤️
I think pair need small correction before resume it rise
Hello Traders, Hope you're doing Great. For upcoming weeks, we'll probably see a downward momentum in this pair. From the viewpoint of Technical, the price has broken its last HL in Daily time frame and changed the trend. from the viewpoint of Fundamental, both Currencies are vulnerable about Risk off sentiment; but GBP is more Vulnerable than AUD because of bad data that came from Britain recently. so with all of these reasons, Short Position is more reasonable and a downward momentum to the Demand zones is anticipated. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
Most of people are trying to catch the exact BTC top. Remember to not let the FOMO to get you. Now, it's not the time to buy BTC, because i think it will range between $88.000 to $111.000 for the next months. I think it is possible that BTC will top out around May/June, and will slowly start to reverse this summer. Later this year, around October/November, will start to accumulate shorts below $90.000, and this will be a sign to add more shorts. Main bear target is $40.000
The chart says it all. A bullish daily squeeze has formed in GME that is firing long for a buy signal as of today. Expect momentum to carry price to the upside.
Hi guys, how are doing? BTC hit a new ATH in the last days, so i thought I should publish a new idea... ? Please read the DICLAIMER at the end of this idea!!! So let's get right into it: Bitcoin has shown impressive performance recently, demonstrating remarkable strength in the market. Currently, we find ourselves at the 3.854 Fibonacci level, and the chart suggests that we may witness further bullish momentum in the coming days. There is a strong possibility that Bitcoin could climb as high as $118,000. However, caution is advised above this level, as we could potentially reach the completion of the overarching Wave 1. If this happens, significant corrections may follow, which could test the resilience of many investors. The rest of the details can be analyzed directly on the chart. Now, we wait to see how the big players in the market decide to position themselves. 'In investing, what is comfortable is rarely profitable.' ~ Robert Arnott DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations. All information is provided without guarantee or liability. Bye Rara es
Candlestick formation is one of them that I like more in this chart I saw Reversal pinbar in BUY ORder Block so enter to Long postion as well and set stop lost 1.27% pinbar target could be 1.2 or more GG
Nifty 23155 - Has respected the trend lines. On expiry day , based on patterns We expect Nifty to drop down to 23000 before moving and closing at around 23000.
NSE:AXISBANK Support and Resistance Levels: Support: The 928.60 level seems to be a strong support level as the price has bounced off it several times. Resistance: The 1059.94 level could act as a resistance level in the near term. Future Movement: Based on the current trend and technical indicators, it is likely that AXIS BANK LTD will continue to move higher in the near term. However, it is important to keep an eye on the 1059.94 resistance level. If the price breaks above this level, it could signal further upside potential. Disclaimer: This analysis is based on the provided chart and technical indicators. It is not financial advice and should not be used as the sole basis for investment decisions. Please consult with a financial advisor before making any investment decisions.