Day: December 22, 2022

Technical Trade Set Ups For USDJPY, Apple & Amazon Source: Tickmill

Type: Bullish Continuation Key Levels:Resistance:1.07935Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.07935 where […]

AUDUSD, “Australian Dollar vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6695 is expected, followed by falling to 0.6465. An additional signal confirming the decline will be a bounce […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. A downward breakaway of 2/8 (131.25) is expected, followed by falling to the support level of 1/8 (128.12). The scenario can be cancelled by rising […]

FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of Japan delivered a crushing blow to JGB demand resulting in a massive dump of Japanese bonds by investors. In turn, this effect caused the yen to strengthen by more than 4% […]

Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line […]