USD/JPY Technical analysis last intervention from Japan was on Friday 21.10.22 after USD/JPY tested 152.00 to the upside before ultimately moving to lows of 146.23 in a quick, aggressive manner – price action that is indicative of official intervention. There are some reasons for JPY weakness besides US dollar’s strength 1. The Japanese household sector Tended to be more interested…
Gold Price Analysis The gold continues to resemble past moves back in 2021, in the month of August, “Has the affirmative rise in gold ended and the great decline in gold is before us”? I mentioned the future to occur in the movement of goldLast August we received an overwhelming confirmation of the move – check the last pot Now…
USD /JPY TECHNICAL ANALYSISFollowing on from what I wrote in the previous post this time I will discuss 3 scenarios for the pair and won’t bore you with words and I will put 3 charts here for your reference taking into consideration that the 131 price area needs to hold for those scenarios BAT Harmonic Pattern Bearish Butterfly Pattern Bearish…
Gold Price Analysis Gold price settles at the main bearish trend Until we get a clearer signal for the next trend, which is located resistance -located now at 1784 – or breaking 1807. I recommend reading the review written on 11.8.2021“Has the affirmative rise in gold ended and the great decline in gold is before us”? Gold has recovered from the…
USD/ JPY Technical Analysis The U.S. dollar edged lower last week, weakening especially against the Japanese yen as the market reassessed the Federal Reserve’s tightening pathThe dollar sank to its lowest level versus the yen since mid-June below 132 yen, down more than 5%If the FED doesn’t continue with aggressive policy and interest rate hikes it will put much less…
Markets Technical Analysis USA markets are down 9 out of the past weeks, for the third time in its entire history (1970, 1982, 2001) In 2001 it marked the start bear market rally before the bear market continued for nearly another year. Last week after the big sale on Thursday and breaking very important support levels, Friday ended convergence, if…
Markets Technical Analysis When the headlines explode into over-optimism / over-pessimism, prepare for a counter-movement On March 13, they made headlines:“U.S. Major Indexes All Enter Death Cross”What happened?The market has corrected sharply upwards:Nasdaq from Area 12900 to Area 15200S&P 500 from area 4130 to area 4630 On May 20, they made headlines again:“Stocks continue to fall, Wall Street enters a…
Bitcoin price analysis The last post on Bitcoin was ” Is bitcoin on its way to closing old gaps”? in addition to what I was writing – there is another pattern that you can see clearly: the Bear flag pattern p/s To get formation approved we need to see bitcoin drop below 34,800$ The Bear flag pattern develops in a…
Markets Technical Analysis As early as December 2021, there were signs on the board that this time it would be different…Are there any signs of the coming future for stock markets in 2022? This year started unusually and it and it seems right now that it will remain like this…. In January before the war between Ukraine and Russia started…
Bitcoin price analysis It’s been a long time since I published a post on Bitcoin wonder if Bitcoin is on its way to closing old gaps?There is a trading pattern that caught my eye: Cypher Pattern The Cypher pattern is a reversal formation within the harmonic class of patterns. It occurs across various financial markets including forex, futures, stocks, and…
