CATEGORY Weekly Chart Analysis

Weekly Chart Analysis

Forecast on 11/03/2019 – USDJPY dropped after unemployment rate was revealed

NY Market USD/JPY has been dropped down after unemployment rate was announced. Non farm payroll was resulted way below market’s expectation, below 20,000, USD/JPY has been sold down to 110.75. Weakness on stock market and long term interest also put weight on USD/JPY. EUR/USD continues to be with small volatility at around 1.12. Stock market continues to be bearish as Asian Stock Market has been bearish and negative unemployment announcement. DOW also sold $22, continues to be negative for 5 days now. Credit continues to be bullish and long term interest rate  down to 2.62%. Gold became bullish and Crude being negative. Rates USD/JPY: 110.75 – 111.20 EUR/USD: 1.1215 –…

Weekly Chart Analysis

Forecast on 08/03/2019 – Bearish EUR after ECB Conference

NY Market USD/JPY has been dropped down to 111.48 as a result of ECB’s risk aversion. Bearish long-term interest and Stock also caused JPY to be bearish. EUR/USD dropped significantly down to 1.1177 which is a rate marked on June 2017, caused by ECB’s growth forecast and interest being dovish. Stock market continues to be sold due to ECB revised economic forecast downwards. DOW being negative for 4 days and down $200. Credit became bullish as a result of risk aversion. US 10y Treasury down to 2.63%. Gold became bullish and Crude being negative. Rates USD/JPY: 111.48 – 111.86 EUR/USD: 1.1177 – 1.1288 EUR/JPY: 124.67 – 126.14 NY DOW: -200.23…

Weekly Chart Analysis

Forecast on 07/03/2019 – Bearish EUR/JPY awaiting for ECB conference

NY Market Small volatility on USD/JPY. It didn’t react to yesterday’s ADP employment and hovers a rate between mid and late 111. Then sold to 111.62 due to US interest rate drop. EUR/USD dropped slightly down to 1.1286 since the economical forecast is suspected to be negative on today’s ECB conference. Stock market continues to go down due to China-US summit and economic forecast being downward revised, resulting DOW being negative for 3 days and down to $113. Credit is bullish as world economy is in downward revision and Stock being weak. Long Term interest rate went below 2.7%. Gold became bullish but Crude still negative. Rates USD/JPY: 111.62 –…

Weekly Chart Analysis

Forecast on 06/03/2019 – EUR has been bearish below 1.13000

NY Market USD/JPY has been raised up to 112.13 due to positive economic come out and EUR sell. It’s a rate marked on Dec 20, 2018, afterwards, pulled back down to 111.85 – 90 and closed yesterday. EUR/USD continues to be bearish down to 1.1290 due to US economic news. Stock market once bought after positive economic news, however, sold at the end of a day yesterday. NY DOW also becoming bearish, negative $13. Credit is in a range with small volatility. Long Term interest rate also hovers a rate at 2.72%. Gold has been weak and bearish for 7 constant days. Crude negative also. Rates USD/JPY: 111.79 – 112.13…

Weekly Chart Analysis

Forecast on 05/03/2019 – EUR has been taken profit and JPY has been bought

NY Market USD/JPY could not keep its rate at 112.00. Because of bearish US long term interest and Stock, USD/JPY has been sold to 111.64. EUR/USD also became bearish down to 1.1309 and keeps going down as profits taken on EUR/JPY. Stock market also becoming bearish. NY DOW once went down over $400 but ended up $206 negative. US-China summit seems to be the last major market event. Bond market has also been bearish. Long Term interest rate down to a rate at 2.72%. Gold has been weak and bearish for 6 constant days and down below 1,290. Crude also was positive. Rates USD/JPY: 111.64 – 111.98 EUR/USD: 1.1309 –…

Weekly Chart Analysis

Forecast on 04/03/2019 – USD/JPY has been up to a rate of 112 after two months

NY Market USD/JPY has been bullish and raised up over 112.00 after 2 months because of two main factors, 1. rising US long term interest rate, 2. US-China summit meeting could be in the middle of March at earliest. EUR/USD has been at a same rate and moving between mid 1.13 and 1.14. Stock market has been supported as there is a positive impression on US-China trade talk towards final agreement. DOW raised $110 and on a rate of 26,000 after 3 working days. Bond market has been sold and bearish. Long Term interest rate also raised up to a rate at 2.75%. Gold has been weak and bearish down…

Weekly Chart Analysis

Forecast on 28/02/2019 – USD/JPY has been bounced up to a rate of 110

NY Market USD/JPY has sold down to 110.36 and it’s pulling back up. JPY has been sold due to US long term interest rate being positive and also Brexit has been approved by British parliament. EUR/USD is at a rate of 1.13 with small volatility. Stock market is at a range, however DOW has been bearish, triggered by USTR Lighthizer saying China trade needs to be in check. NASDAQ  became bullish in a small volatility. Bond market has become bearish. Long Term interest rate keeps its rate at 2.68%. Gold has been weak and bearish. Crude was worried by its stock and it went all the way up close to…

Weekly Chart Analysis

Forecast on 07/02/2019 – EUR/JPY bearish towards a rate of 1.14

NY Market USD/JPY has become bearish down to 109.55 once between Asia and EUR time zone, however, it turned to be bullish up to a rate of 110.00 during NY time zone. EUR/USD has been bearish due to negative result of Germany’s economic news. It went below 1.14. Stock market also bearish. Due to the possible assumption of governmental function’s closure, DOW went down after 4 day’s bull trend. NASDAQ  also went down 26 points. Bond market has been the same as yesterday. Long Term interest rate keeps its rate at 2.69%. Gold has been weak bearish. Price of Crude Oil went up. Rates USD/JPY: 109.65 – 110.05 EUR/USD: 1.1361…

Weekly Chart Analysis

Forecast on 04/02/2019 – Bullish USD by positive employee stats

NY Market USD/JPY has become bullish based on a positive result of US economic news, such as employee stats and ISM Manufacturing Report. The growing long-term interest rate also pushed USD/JPY to 109.58 and closed at the range last week. EUR/USD showed small pull back and it fell down to 1.1448, struggled to be bullish as a result of the positive US economic news. Stock market is various. Dow grew 64 US dollars for oil share’s healthy profit, however, NASDAQ has fallen down 17 points. Bond market also fell. Long Term interest rate raised up at a rate of 2.68%. Gold started to be bearish for the first time in…

Weekly Chart Analysis

7/9 – 7/13, 2018 Weekly Chart Analysis for USD/JPY

This is the chart analysis video of last week between 7/9 – 7/13 for USD/JPY. For beginners, one of the biggest obstacle is too much information. They are just chasing a “unicorn” without thinking deeply or not learning what they really have to learn. There are only two things you need to master to become a winning trader; 1. be able to identify the psychology of the players 2. the skill to entry in a very good timing where S/L is minimum. If you have these skills, you do not need any methodologies or indicators.