JPY index short viewThe JPY index has the potential to visit the previous low, and we may see a break below and the formation of a new lower low
About Japanese Yen Currency Index
The Japanese Yen Currency Index (JXY) is an indicator investors should track. It demonstrates how the yen is estimated against the bucket of other main currencies. Japan is a country with a remarkably strong economy and also has the status of one of the biggest exporters and importers in the world. Among the main trade partners for it, are China and the USA. Therefore, the yen might be influenced by these export and import cash flows. Moreover, the JPY has always been considered to be a safe haven currency but in the past few years, it has become harder and harder for the yen to justify this status.
JXY test H4 chart 200MA resistanceJapanese Yen gains 200 Pips against Dollar USD after July 2023 FOMC meeting, however market see turning point at support 137.923. Indicating USD bull run is begin against JPY.
JXY foresee further lows after JUL 26Would Japanese Yen Index continue making new lows in order for other currencies to break new highs?
JPY after breaking down its rising wedgeJXY JPY Index has been super bullish since few days but seem to lose its energy on 1 Hour time as it is getting rejection from Daily Resistance level with breakout of Rising wedge pattern with RSI Bearish Divergence.
JPY strong Long Term DownThe charts of 6monyhs movements indicate that there would be no bull sooner... Retracement van always happen. Watchout for h1, h4s and daily tf
JXY weekly analysisMarket expected to decline TP to 19% @73.02 may see stagnated incline before decline but ultimatly expect market to decline.
INCLINE: 1.00%
DECLINE: -0.57%
INCLINE: 1.79%
DECLINE: -1.43%
Japanese YenJPY is touching trendline and horizontal line. Do you think it is time for bullish or bearish setups on the Yen
JXY weekly analysis Bear market continuation, macd (N) Bullish right above 50/50 signal below ma, rsi bullish right above 50/50 signal below ma expect market to decline retest 3m-low form double bottom and bounce to the upside in near future weekly tp @ 76.66
CLIMBAGE:
P1:
Inline:1.51%
Decline-2.06%
P2:
Incline: 2.82%
JXY analysis week of 10-17 SELL(N) market bearish momentum: macd (N) on 5050 signal below ma rsi BULL above 5050 signal on/below ma. double top forming @ 4hr-low indicators signaling bear market/momentum to continue TP@ monthly-low
Climbage projectile
P1:
INCLINE:1.93%
DECLINE: (-3.73%)
P2
INCLINE: 2.98%
DECLINE: (-6.85%)
Incl
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
