
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
Two weeks ago, we were seeing the stock market and the S&P decline. On June 11, we provided prognosis that it would be a wave down to the levels of 3,000 after which a leap up would launch.
Eventually, it happened exactly like that although we missed in accuracy: the drop was down to 2,950.
Currently, the S&P is on the rise. Trading at 3,120, it is still below the last high, fighting through the fears of the second-wave virus.
The current wave, the fourth in the row of bullish pushes, would be the one to finally punch through the pre-virus high. For this reason, it may take longer to do that, and the wave may get protracted over time. The main reason for that is that significantly positive fundamental input and data are required to push the S&P above the pre-virus high: saying “we have recovered” needs proper justification.
Therefore, here are three areas we expect the S&P to go through in the mid-term.
The most optimistic scenario would follow area 1, with the swiftest recovery reaching 3,230 and above. Very likely, that’s too good to be true.
The pessimistic scenario is represented by area 3. It’s gravity would bend the overall uptrend into an almost sideways move parallel to horizon. Eventually, it would climb upwards by coming and securely to 3,230 would take a month in this case.
The neutral scenario falls into area 2 which is in between the pessimistic and the optimistic trajectories. It supposes there would be some turbulence on the way but the trend would be still at a steady 45 degrees aiming upwards.
Therefore, let’s watch the news and prepare for battles.
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later