What happened? Japanese shares fell on Monday…
USD/JPY: "Inverted Hammer" pattern
2019-11-11 • Updated
There's an "Inverted Hammer", but this pattern remains unconfirmed. In this case, the 21 Moving Average is likely going to act as support. If so, we could have just another decline little later on.
We've got a bullish "Hammer", which has been formed on the lower "Window". So, the market is likely going to test the 89 Moving Average in the coming hours.
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Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone