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Seems to have done the trick.
USD/JPY
- Thread starter Kauri
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Yep. Last few hundred orders were never filled, then went on a 130+ tick move the other way (US news obviously the main factor for most of that, but still!)
Pretty rare you see someone hit so much of a big order without taking out the whole thing imo, usually if it's not going to take it out it wont get there at all, or will test with just a few contracts to see if it's real then go the other way
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Just to correct my misinformation, there was no US data, I didn't trade last night and was thinking tonight's data was happening last night for some reason...
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Trade Setup for - USDJPY Daily Outlook for 23rd December 2013 (Monday)
Hello Guys,
This is my trade setup for today
Thanks
USDJPY Daily Outlook for 23rd December 2013 (Monday)
**this is my personal favorite setup for the week**
Daily Chart
We are trading within the 104's area which is not a strong support
We expect the market to test the resistance in the near term.
Hourly Chart
Fell of a rising wedge and was according to my analysis last Friday
I hope for market to go down to the blue area which is my demand level (50% fib retrace)which looks attractive as we haven't retested this area as an support after breakout to the 104's
Outlook Trade opportunity
Two trading opportunity here, my forecast is for price to go down to test the 50% retrace at 103.550 near term. So i will have a buy limit at that area.
If market retraces back up to around 104.32 before hitting my forecast area, i will be shorting from there down to potentially my target area and taking partial profits on the way
#1 - Short at 104.32 (only if prices have not reached my forecast of 103.550) - Target to 103.550 while taking partial profits on the way and Break even for a risk free trade)
#2 - Long at 103.550 for initial 20pips profit take majority of position off, and leave small portion for bigger trend continuation to the upside.
Risk Level Low
Hello Guys,
This is my trade setup for today
Thanks
USDJPY Daily Outlook for 23rd December 2013 (Monday)
**this is my personal favorite setup for the week**
Daily Chart
We are trading within the 104's area which is not a strong support
We expect the market to test the resistance in the near term.
Hourly Chart
Fell of a rising wedge and was according to my analysis last Friday
I hope for market to go down to the blue area which is my demand level (50% fib retrace)which looks attractive as we haven't retested this area as an support after breakout to the 104's
Outlook Trade opportunity
Two trading opportunity here, my forecast is for price to go down to test the 50% retrace at 103.550 near term. So i will have a buy limit at that area.
If market retraces back up to around 104.32 before hitting my forecast area, i will be shorting from there down to potentially my target area and taking partial profits on the way
#1 - Short at 104.32 (only if prices have not reached my forecast of 103.550) - Target to 103.550 while taking partial profits on the way and Break even for a risk free trade)
#2 - Long at 103.550 for initial 20pips profit take majority of position off, and leave small portion for bigger trend continuation to the upside.
Risk Level Low
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Re: Trade Setup for - USDJPY Daily Outlook for 23rd December 2013 (Monday)
Hey GUys
Just wanted to update the trade as per my trade setup yesterday.
Short order got filled this morning (aussie time), and partial Took profit at 13pips
There is a possible AB = CD in play , (B is where i took profit, and now looking for D)
http://daily-forex-trader.blogspot.com.au/2013/12/usdjpy-ab-cd.html
Safe trading guys
Merry xmas
Hey GUys
Just wanted to update the trade as per my trade setup yesterday.
Short order got filled this morning (aussie time), and partial Took profit at 13pips
There is a possible AB = CD in play , (B is where i took profit, and now looking for D)
http://daily-forex-trader.blogspot.com.au/2013/12/usdjpy-ab-cd.html
Safe trading guys
Merry xmas
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USDJPY Daily and Weekly Outlook for 6th January, 2014 (MONDAY)
USDJPY Daily and Weekly Outlook for 6th January, 2014 (MONDAY)
Daily Chart
• After rejecting from the 161.8 fib extension market tried to retrace however failed to go any futher and performed a nice pin bar on Friday
• Signs are showing bullish (Price action)
• Indicators... stochastic are pushing south, but they are lagging, RSI just under 70
I have my eyes on the 106.100 area and will be very very happy to short it there as there are major fib extension levels of confluence.
Hourly Chart
• After a huge drop , we have found support at 104.1 level and saw price had quickly retraced 100% of the 2nd Leg (C-D)
• At close of Friday, price had stalled just below a resistance level , however candles prior to that are very strong bullish momentum
• Chances of breaking higher / breaking resistance is high
Outlook Trade opportunity
Three setups -
#1 - If price had not break the resistance, I will look for opportunity to buy long at around 104.650 with stops at the 104.450 - Targets at 104.830 tp1, and 105.110 tp2
#2 - If market breaks through resistance with good conviction and past 104.940 , I will look for opportunity to buy long at a retrace approx 104.915 and stops 104.746 with targets 105.110 and beyond
#3 - I have my eyes on the 106.100 area and will be very very happy to short it there as there are major fib extension levels of confluence.
Risk Level Low
USDJPY Daily and Weekly Outlook for 6th January, 2014 (MONDAY)
Daily Chart
• After rejecting from the 161.8 fib extension market tried to retrace however failed to go any futher and performed a nice pin bar on Friday
• Signs are showing bullish (Price action)
• Indicators... stochastic are pushing south, but they are lagging, RSI just under 70
I have my eyes on the 106.100 area and will be very very happy to short it there as there are major fib extension levels of confluence.
Hourly Chart
• After a huge drop , we have found support at 104.1 level and saw price had quickly retraced 100% of the 2nd Leg (C-D)
• At close of Friday, price had stalled just below a resistance level , however candles prior to that are very strong bullish momentum
• Chances of breaking higher / breaking resistance is high
Outlook Trade opportunity
Three setups -
#1 - If price had not break the resistance, I will look for opportunity to buy long at around 104.650 with stops at the 104.450 - Targets at 104.830 tp1, and 105.110 tp2
#2 - If market breaks through resistance with good conviction and past 104.940 , I will look for opportunity to buy long at a retrace approx 104.915 and stops 104.746 with targets 105.110 and beyond
#3 - I have my eyes on the 106.100 area and will be very very happy to short it there as there are major fib extension levels of confluence.
Risk Level Low
USD /JPY pair from the end of 2012 till now was in a strong and without reformation uptrend that shows buyers determination to achieve predetermined targets. Price during the recent uptrend was able to record the highest price of 105.424 which is possible to convert to a top price in Monthly time frame.During the Down trend from Top price of 105.424, price with reaching to the uptrend line and breaking of it did not qualify for descending. In the return of Price, the uptrend line’s property is reversed and as a Resistive line is impressive on price(S=R).Right now in Daily and H4 time frames, the price is under 5-day moving average that shows the descending trend and warns about more descending.
According to the formed movements in Daily time frame, there is Wolfe Wave descending pattern which the 5th point of this pattern is completed and is going toward the target line.RSI indicator( Weekly Chart ) is in saturation buy area and in divergence mode with the price chart and confirms the top price and warns about changing price direction during the next candles.Generally until the resistance level of 105.424 is not broken, price has the potential for descending and reformation in this currency pair.
According to the formed movements in Daily time frame, there is Wolfe Wave descending pattern which the 5th point of this pattern is completed and is going toward the target line.RSI indicator( Weekly Chart ) is in saturation buy area and in divergence mode with the price chart and confirms the top price and warns about changing price direction during the next candles.Generally until the resistance level of 105.424 is not broken, price has the potential for descending and reformation in this currency pair.
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Stocks up, risk currencies up, gold down, USD/JPY down?
Yen acting very strange at the moment, not sure what to make of it.
Kuroda speaking at 4pm today, could trigger some fireworks
Yen acting very strange at the moment, not sure what to make of it.
Kuroda speaking at 4pm today, could trigger some fireworks
USD/JPY was in a consistent descending trend that sellers during this descending trend were successful in achieving the lowest price level of 100.763.According to the recent downfall, in weekly and daily time frames price is under 5-day moving average and warns about more descending during the next candles.As it is obvious in the picture below, there is a harmonic butterfly pattern between the bottom price of 95.818 and the top price of 105.421 that there is a potential for changing price direction from D point of this pattern.
RSI indicator is in saturation sell area and divergence mode with the price chart that confirms the current bottom price and warns about descending of price during the next candles.Price is going toward the support level of 101.320 (the important psychic level of Sellers) and there is not any clear reason of buy signal in long term time frames such as daily and weekly.Generally until the top price of 104.138 is preserved, there is a potential for descending and price reformation in this currency pair.
RSI indicator is in saturation sell area and divergence mode with the price chart that confirms the current bottom price and warns about descending of price during the next candles.Price is going toward the support level of 101.320 (the important psychic level of Sellers) and there is not any clear reason of buy signal in long term time frames such as daily and weekly.Generally until the top price of 104.138 is preserved, there is a potential for descending and price reformation in this currency pair.
USD/JPY from Top price of 104.124 was in downtrend that Sellers could achieve the lowest level of 100.836. Price has been stopped from more descending with reaching to the specified supportive level(Support Zone) and with closing of the bullish candle(Spinning Top!), there is a warning for changing price direction. Formation and repeating the Hammer and Spinning Top candlestick patterns on 19st, 20th and 21th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price.
Right now price is above 5-day moving average in short term time frames such as H4 and H1 daily that shows a consistent uptrend in short period of time. As it is obvious in the picture below between the top price of 103.010 and bottom price of 100.836, there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that warns about the potential for ascending of the price. Stoch indicator is in saturation sell area and in divergence mode with the price chart confirms the D point of harmonic patterns and warns about potential of ascending during the next candles. Generally according to the current situation until the bottom price of 100.836 (D harmonic point) is preserved m there is a potential for ascending and increasing of the price in short period of time.
Technical Analysis of USD/JPY dated 2014.05.22
Right now price is above 5-day moving average in short term time frames such as H4 and H1 daily that shows a consistent uptrend in short period of time. As it is obvious in the picture below between the top price of 103.010 and bottom price of 100.836, there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that warns about the potential for ascending of the price. Stoch indicator is in saturation sell area and in divergence mode with the price chart confirms the D point of harmonic patterns and warns about potential of ascending during the next candles. Generally according to the current situation until the bottom price of 100.836 (D harmonic point) is preserved m there is a potential for ascending and increasing of the price in short period of time.
Technical Analysis of USD/JPY dated 2014.05.22
USD/JPY had an ascending trend without a noticeable reformation during the recent weeks that shows buyer certainty in reaching to the predetermined targets.The price could record the top price of 110.066 in Weekly time frame which is fixed by descending candle.The price by reaching to the Median line has been stopped from more ascend and by forming a Hanging Man candlestick pattern( possibility of formation of a top price and changing price direction)and fixing of it by a descending candle has prepared the field for creating a top price and a descending trend.
RSI indicator is in saturation Buy area and divergence mode with the price chart that confirms the current Top price and warns about descending of price during the next candles. According to the formed movements in weekly chart of this currency pair, there is AB=CD harmonic pattern with ideal ratios of 50 and 200 between bottom price of 96.507 and the top price of 110.066 that by completion of the D point in this pattern, there is warning for descending of the price and changing price direction. Right now the first warning for descending of the price (in the same direction with harmonic pattern’s signal) is breaking of the supportive level of 106.667.
RSI indicator is in saturation Buy area and divergence mode with the price chart that confirms the current Top price and warns about descending of price during the next candles. According to the formed movements in weekly chart of this currency pair, there is AB=CD harmonic pattern with ideal ratios of 50 and 200 between bottom price of 96.507 and the top price of 110.066 that by completion of the D point in this pattern, there is warning for descending of the price and changing price direction. Right now the first warning for descending of the price (in the same direction with harmonic pattern’s signal) is breaking of the supportive level of 106.667.
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USD/JPY: BOJ Ready To Do More
*************** Trading Positions
EUR/USD: short at 1.2530, target 1.2350, stop-loss 1.2610
USD/CHF: long at 0.9620, target 0.9750, stop-loss 0.9550
NZD/USD: short at 0.7800, target 0.7550, stop-loss 0.7920
EUR/GBP: short at 0.7850, target 0.7670, stop-loss 0.7920
AUD/NZD: long at 1.1220, target 1.1500, stop-loss 1.1080
EUR/USD: Eyes on ISM today and Draghi tomorrow.
(the target of our short position is at 1.2350)
New orders for US factory goods dropped 0.6% mom. August's orders were slightly revised to show a 10.0% mom fall instead of the previously reported 10.1% decline. September’s reading was in line with expectations. The decline in orders, which was led by aircraft, machinery, capital goods and computers and electronic products, is likely to be short-lived. A survey of national factories published on Monday showed a strong rebound in new order growth and backlogs in October.
St. Louis Fed's President James Bullard who a few weeks ago proposed further monetary stimulus said on Tuesday the central bank in fact made the right decision last week in closing a bond-buying program. Bullard added that he was optimistic on U.S. economic growth due to currently low longer-term borrowing costs and the drop in oil prices, both "bullish" factors that could stimulate spending and expansion.
Republicans won in places where Democrats were favored in U.S. midterm election on Tuesday, like a Senate race in North Carolina, pulled out victories where the going was tough, like a Senate battle in Kansas, and swept a number of governors' races in states where Democrats were favored, like Illinois. Republicans needed six seats to win control of the 100-member Senate, and by late evening they had seven.
October’s Euro zone final composite PMI rose to 52.1 from 52.0 in September and was marginally lower than the flash reading of 52.2. Today’s data point to barely positive quarterly GDP growth of around 0.2%. The German composite PMI was revised down to 53.9 from the flash estimate of 54.3 and the French composite PMI was revised slightly up to 48.2 from the flash estimate of 48.0.
Euro zone PMI showed that job losses were reported for the first time in almost a year. Cuts at service providers were only partly offset by a marginal gain in manufacturers’ payroll numbers. Moreover, PMI suggested that weaker market conditions and efforts to boost sales led to a solid reduction in selling prices in October.
Eurozone retail sales fell by 1.3% mom in September following a downwardly-revised growth in August, from 1.2% to 0.9%.
Today’s Euro zone numbers provided more evidence that the euro-zone economy remained weak in the third quarter. A threat of economic stagnation and rising deflationary risks will add to pressure on the ECB to do more to stimulate demand.
The EUR/USD broke above the resistance level at 1.2565 (38.2% of 1.2770-1.2439) on Tuesday. However, the EUR depreciated again in the European session, in part because of weak PMI and retail sales data in the Euro zone and the EUR/USD trades below 1.2500. Investors are focused on ECB and US payrolls now. At *************** we keep the target of our short position at 1.2350.
Significant technical analysis' levels:
Resistance: 1.2591 (hourly high Oct 31), 1.2614 (low Oct 23), 1.2617 (high Oct 31)
Support: 1.2439 (low Nov 3), 1.2431 (low Aug 22, 2012), 1.2342 (low Aug 21, 2012)
GBP/USD hit 1-year low after PMI data
(our long position reached the stop-loss at 1.5920)
The GBP/USD fell to a 1-year low at 1.5869 on Wednesday after a PMI services index sank to a 17-month low of 56.2 in October from 58.7 in September. Composite PMI, a broader gauge of the economy that combines services, manufacturing and construction industries, fell to 56.4 from 58.1, its lowest level since June 2013.
After GDP growth slowed to 0.7% in the third quarter, a 0.5% expansion is currently being signalled by the surveys for the fourth quarter. The surveys also point to lower inflation in coming months. The PMI showed average prices charged for goods and services fell for the first time since July 2012.
The meeting of the Bank of England is scheduled for Thursday. It is widely expected that the central bank will keep interest rates unchanged. The soft PMI number is a boost for the BOE MPC’s dovish majority who are in no hurry to raise interest rates.
Our long position on the GBP/USD reached its stop-loss level at 1.5920. The GBP is likely to remain relatively strong vs. other major currencies. However, in the opinion of *************** no positions on the GBP/USD are justified from the risk/reward perspective at the moment.
Significant technical analysis' levels:
Resistance: 1.5928 (low Nov 3), 1.6023 (10-dma), 1.6027 (high Nov 3)
Support: 1.5869 (low Nov 5), 1.5854 (low Nov 12, 2013), 1.5776 (low Sep 13, 2013)
USD/JPY: Kuroda ready to do more
(we have placed our bid offer at 113.90)
Bank of Japan Governor Haruhiko Kuroda, who shocked financial markets last week by expanding a massive monetary stimulus programme, said the central bank is ready to do more to hit its 2% target. He said: “There are no limits to our policy tools, including purchases of Japanese government bonds.”
On the JPY's plunge against the USD after last week's monetary expansion, Kuroda reiterated his view that overall, a weak JPY was positive for Japan's economy. He is the opinion that while some households and service-sector firms could feel the pinch from higher import costs, a weak JPY tends to push up export volumes and boosts profits of Japanese companies with overseas operations.
Kuroda’s comments sent the USD/JPY above Monday’s peak of 114.21. The nearest barrier is seen at 114.79 a retreat is likely at this level. We have placed our bid at 113.90 and we see a possibility of a rise even to 117.95 (high, October 2007).
Significant technical analysis' levels:
Resistance: 114.79 (daily High Nov 7, 2007), 114.82 (daily high Nov 5, 2007), 115.00 (psychological level)
Support: 113.42 (session low Nov 5), 113.15 (low Nov 4), 112.42 (low Nov 3)
NZD/USD: The target is 0.7550
(we have taken short position, the target is 0.7550)
The NZD/USD ended yesterday’s New York session at 0.7810 after jobless rate had fallen to 5.4%, its lowest since the first quarter of 2009, from 5.6% in the previous month. The reading was in line with expectations. The number of people employed rose by 0.8% qoq vs. the median forecast of 0.6%. The labour cost index, rose 0.5% qoq, as forecast. The NZD/USD reached a day’s high at 0.7842 in Asia today.
Investors were also eyeing Fonterra auction on Tuesday. Fonterra's GDT Price Index dipped 0.3% vs. a rise by 1.4% at the previous sale. A total of 45,499 tonnes was sold at the latest auction, falling 10.5% from the previous one. The dairy sector generates more than 7% of New Zealand's GDP. The next auction is scheduled for November 18.
We used the higher level to get short on the NZD/USD. We have taken short position at 0.7800, in line with our trading strategy. Our target is 0.7550 and stop-loss is 0.7920. The nearest support levels are at 0.7711 (low Nov 4) and 0.7700 (low Nov 3).
Significant technical analysis' levels:
Resistance: 0.7842 (session high Nov 5), 0.7959 (high Oct 28), 0.8000 (psychological level)
Support: 0.7711 (low Nov 4), 0.7700 (low Nov 3), 0.7670 (low Aug 5, 2013)
*************** Trading Positions
EUR/USD: short at 1.2530, target 1.2350, stop-loss 1.2610
USD/CHF: long at 0.9620, target 0.9750, stop-loss 0.9550
NZD/USD: short at 0.7800, target 0.7550, stop-loss 0.7920
EUR/GBP: short at 0.7850, target 0.7670, stop-loss 0.7920
AUD/NZD: long at 1.1220, target 1.1500, stop-loss 1.1080
EUR/USD: Eyes on ISM today and Draghi tomorrow.
(the target of our short position is at 1.2350)
New orders for US factory goods dropped 0.6% mom. August's orders were slightly revised to show a 10.0% mom fall instead of the previously reported 10.1% decline. September’s reading was in line with expectations. The decline in orders, which was led by aircraft, machinery, capital goods and computers and electronic products, is likely to be short-lived. A survey of national factories published on Monday showed a strong rebound in new order growth and backlogs in October.
St. Louis Fed's President James Bullard who a few weeks ago proposed further monetary stimulus said on Tuesday the central bank in fact made the right decision last week in closing a bond-buying program. Bullard added that he was optimistic on U.S. economic growth due to currently low longer-term borrowing costs and the drop in oil prices, both "bullish" factors that could stimulate spending and expansion.
Republicans won in places where Democrats were favored in U.S. midterm election on Tuesday, like a Senate race in North Carolina, pulled out victories where the going was tough, like a Senate battle in Kansas, and swept a number of governors' races in states where Democrats were favored, like Illinois. Republicans needed six seats to win control of the 100-member Senate, and by late evening they had seven.
October’s Euro zone final composite PMI rose to 52.1 from 52.0 in September and was marginally lower than the flash reading of 52.2. Today’s data point to barely positive quarterly GDP growth of around 0.2%. The German composite PMI was revised down to 53.9 from the flash estimate of 54.3 and the French composite PMI was revised slightly up to 48.2 from the flash estimate of 48.0.
Euro zone PMI showed that job losses were reported for the first time in almost a year. Cuts at service providers were only partly offset by a marginal gain in manufacturers’ payroll numbers. Moreover, PMI suggested that weaker market conditions and efforts to boost sales led to a solid reduction in selling prices in October.
Eurozone retail sales fell by 1.3% mom in September following a downwardly-revised growth in August, from 1.2% to 0.9%.
Today’s Euro zone numbers provided more evidence that the euro-zone economy remained weak in the third quarter. A threat of economic stagnation and rising deflationary risks will add to pressure on the ECB to do more to stimulate demand.
The EUR/USD broke above the resistance level at 1.2565 (38.2% of 1.2770-1.2439) on Tuesday. However, the EUR depreciated again in the European session, in part because of weak PMI and retail sales data in the Euro zone and the EUR/USD trades below 1.2500. Investors are focused on ECB and US payrolls now. At *************** we keep the target of our short position at 1.2350.
Significant technical analysis' levels:
Resistance: 1.2591 (hourly high Oct 31), 1.2614 (low Oct 23), 1.2617 (high Oct 31)
Support: 1.2439 (low Nov 3), 1.2431 (low Aug 22, 2012), 1.2342 (low Aug 21, 2012)
GBP/USD hit 1-year low after PMI data
(our long position reached the stop-loss at 1.5920)
The GBP/USD fell to a 1-year low at 1.5869 on Wednesday after a PMI services index sank to a 17-month low of 56.2 in October from 58.7 in September. Composite PMI, a broader gauge of the economy that combines services, manufacturing and construction industries, fell to 56.4 from 58.1, its lowest level since June 2013.
After GDP growth slowed to 0.7% in the third quarter, a 0.5% expansion is currently being signalled by the surveys for the fourth quarter. The surveys also point to lower inflation in coming months. The PMI showed average prices charged for goods and services fell for the first time since July 2012.
The meeting of the Bank of England is scheduled for Thursday. It is widely expected that the central bank will keep interest rates unchanged. The soft PMI number is a boost for the BOE MPC’s dovish majority who are in no hurry to raise interest rates.
Our long position on the GBP/USD reached its stop-loss level at 1.5920. The GBP is likely to remain relatively strong vs. other major currencies. However, in the opinion of *************** no positions on the GBP/USD are justified from the risk/reward perspective at the moment.
Significant technical analysis' levels:
Resistance: 1.5928 (low Nov 3), 1.6023 (10-dma), 1.6027 (high Nov 3)
Support: 1.5869 (low Nov 5), 1.5854 (low Nov 12, 2013), 1.5776 (low Sep 13, 2013)
USD/JPY: Kuroda ready to do more
(we have placed our bid offer at 113.90)
Bank of Japan Governor Haruhiko Kuroda, who shocked financial markets last week by expanding a massive monetary stimulus programme, said the central bank is ready to do more to hit its 2% target. He said: “There are no limits to our policy tools, including purchases of Japanese government bonds.”
On the JPY's plunge against the USD after last week's monetary expansion, Kuroda reiterated his view that overall, a weak JPY was positive for Japan's economy. He is the opinion that while some households and service-sector firms could feel the pinch from higher import costs, a weak JPY tends to push up export volumes and boosts profits of Japanese companies with overseas operations.
Kuroda’s comments sent the USD/JPY above Monday’s peak of 114.21. The nearest barrier is seen at 114.79 a retreat is likely at this level. We have placed our bid at 113.90 and we see a possibility of a rise even to 117.95 (high, October 2007).
Significant technical analysis' levels:
Resistance: 114.79 (daily High Nov 7, 2007), 114.82 (daily high Nov 5, 2007), 115.00 (psychological level)
Support: 113.42 (session low Nov 5), 113.15 (low Nov 4), 112.42 (low Nov 3)
NZD/USD: The target is 0.7550
(we have taken short position, the target is 0.7550)
The NZD/USD ended yesterday’s New York session at 0.7810 after jobless rate had fallen to 5.4%, its lowest since the first quarter of 2009, from 5.6% in the previous month. The reading was in line with expectations. The number of people employed rose by 0.8% qoq vs. the median forecast of 0.6%. The labour cost index, rose 0.5% qoq, as forecast. The NZD/USD reached a day’s high at 0.7842 in Asia today.
Investors were also eyeing Fonterra auction on Tuesday. Fonterra's GDT Price Index dipped 0.3% vs. a rise by 1.4% at the previous sale. A total of 45,499 tonnes was sold at the latest auction, falling 10.5% from the previous one. The dairy sector generates more than 7% of New Zealand's GDP. The next auction is scheduled for November 18.
We used the higher level to get short on the NZD/USD. We have taken short position at 0.7800, in line with our trading strategy. Our target is 0.7550 and stop-loss is 0.7920. The nearest support levels are at 0.7711 (low Nov 4) and 0.7700 (low Nov 3).
Significant technical analysis' levels:
Resistance: 0.7842 (session high Nov 5), 0.7959 (high Oct 28), 0.8000 (psychological level)
Support: 0.7711 (low Nov 4), 0.7700 (low Nov 3), 0.7670 (low Aug 5, 2013)
USD/JPY during the recent weeks had a strong ascending trend and could record the top price of 119.000. Right now the mentioned top price is one of the most important and nearest resistance level in front of the price that by breaking of it, the price finds the potential to reach the important resistance level of 119.340 or 120.900 .Price has been stopped from more ascend by reaching to the round resistance level of 119.000(the reason for some buyers to exit their trades) and by making a top price (Shooting Star) in daily time frame has started to reform.
According to the formed price movements in the chart, between the bottom price of 101.061 and top price of 119.000,there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that with completion of the D point there will be a warning for descending of price.Stoch indicator in daily time frame is in saturation buy area and in divergence mode with the price chart that warns about the potential of descending during the next candles. One of the important warnings for decreasing of is breaking of supportive level of 117.345 (Low level of price changes in the previous daily candle).
According to the formed price movements in the chart, between the bottom price of 101.061 and top price of 119.000,there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that with completion of the D point there will be a warning for descending of price.Stoch indicator in daily time frame is in saturation buy area and in divergence mode with the price chart that warns about the potential of descending during the next candles. One of the important warnings for decreasing of is breaking of supportive level of 117.345 (Low level of price changes in the previous daily candle).
T0BY
counterparty
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risk 9 : reward 23
DeepState
Multi-Strategy, Quant and Fundamental
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Underlying the Japanese Export Numbers:
![2015-02-19 14_16_19-20150219 - (WSJ) Japanese exports jump in January[1].pdf - Adobe Reader.png](https://aussiestockforums.b-cdn.net/data/attachments/54/54625-1948f49ba959f5437068bce78af78356.jpg "2015-02-19 14_16_19-20150219 - (WSJ) Japanese exports jump in January[1].pdf - Adobe Reader.png")
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- FT
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usdjpy technical analysis
The USD/JPY suffered big losses, it’s down aggressive from. Technical supports were wiped out during this bearish onslaught. In addition break down 118.20 area does not precursor good news for the pair next stop should be at 116.70 area while break down this support should lead to 114.60
In the other hand if 118.20 will hold on daily close so the price should go to .....
http://www.*********************/
The USD/JPY suffered big losses, it’s down aggressive from. Technical supports were wiped out during this bearish onslaught. In addition break down 118.20 area does not precursor good news for the pair next stop should be at 116.70 area while break down this support should lead to 114.60
In the other hand if 118.20 will hold on daily close so the price should go to .....
http://www.*********************/
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How much fricken Fed Tightening did they have priced in for Gds sake.
I mean really! The Jap is now stronger than it was in Nov 2014 against the US after it has gone negative on interest rates and has more debt to GDP than the rest of the world and deflation.:dunno:
That's a death spiral you do not want to be on. But OK up ya go Jap$. (Yep looking for a turn to trade it down)
I mean really! The Jap is now stronger than it was in Nov 2014 against the US after it has gone negative on interest rates and has more debt to GDP than the rest of the world and deflation.:dunno:
That's a death spiral you do not want to be on. But OK up ya go Jap$. (Yep looking for a turn to trade it down)
Trembling Hand
Can be found on the bid
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Yeah you get the pleasure of paying the Japanese government for holding their debt!! 
CanOz
Home runs feel good, but base hits pay bills!
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Nasty spike down this morning would have caught some off guard.
- Zerohedge
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