With the appearance of a potential reversal pattern in the 4H timeframe; I am of the opinion that the USDJPY pair seems poised to register weekly gains for the first time in a couple of weeks. And to further buttress this is the fundamental indicator from data showing a sudden rise in the US jobless claims hereby indicating a cool effect in the labor market. With this reading, the sentiment in the market remains "hopeful" as key players expect there could be limited headroom to keep raising interest rates, especially in the face of a potential banking crisis. In this video, we took a technical dissection of the current market structure to weigh in on the potential trading opportunity for the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Dagangan ditutup secara manual
Price action takes out the sell position with a small profit but the appearance of a double bottom pattern is a suspect that bullish momentum might likely come in anytime soon. So, we need some further confirmation to be sure of the next line of action. An update coming up soon.Good morning
Nota
The Greenback's immediate reaction to the below expectation of NFP data has been bullish so far. Ensure position is securedTrade smart. Trade consciously
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Penafian
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Trade smart. Trade consciously
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.