Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a up trend and the Resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The...
A very strong resistance had been hit now and price channel is also been respected many times. so it is my personal view that the price will go down. Any ideas are welcome to share.
Maruti pays royalties and other payments in YEN. As the yen weakens more against the USD than the INR they will have to pay less to the parent company.
Watch this space and the maruti stock to see the added benefits.
This along with a favourable scrappage policy could be great news for the Maruti stock.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=111.6.
TP4: R2=112.05.
Set the stoploss of these orders at breakout of S2=110.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
In 1D chart, the price is forming a rising wedge pattern.
Moving down to 4H chart, the price inside the wedge found a support level.
Pinbar is formed indicating the confirmation for long order.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=109.25.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=109.65.
TP4: R2=109.8.
Set the stoploss of these orders at breakout of S2=109.1.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.75 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
he pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.76 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows.
