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JP225, Daily In the Daily timeframe, JP225 has formed an ascending triangle pattern, and the price is testing the upper boundary. Parabolic SAR indicates the beginning of the upside, which makes it possible to expect a rise. It is possible to consider buying JP225 on consolidation above 40000 and the nearest fractal with a target […]

The post JP225: Rising Triangle appeared first on Action Forex.

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USD/JPY Analysis: Pair Reaches 5-Month High

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Week Ahead – Dollar Set to End 2024 on a High as Bulls Face Few Obstacles

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19/01/2024

USD/JPY Extends Rally But Can Bulls Push It To 150?

Key Highlights USD/JPY started a strong increase above the 145.00 resistance. A key bullish trend line is forming with support at 146.90 on the 4-hour chart. EUR/USD declined further and traded below the 1.0880 support. Gold prices trimmed gains and revisited the $2,000 support zone. USD/JPY Technical Analysis The US Dollar started a fresh increase […]
28/06/2024

Elliott Wave Intraday Analysis Looking for USDCHF to Correct in Wave 2

Short Term Elliott Wave in USDCHF suggests pair ended the move down from 5.1.2024 high as wave (1) at 0.882. Wave (2) corrective rally is now in progress to correct cycle from 5.1.2024 high. Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Up from wave (1), wave ((i)) ended at […]
18/07/2024

EURCAD Wave Analysis

EURCAD broke key resistance level 1.4920 Likely to rise to resistance level 1.5040 EURCAD currency pair recently broke above the key resistance level 1.4920, which stopped the previous correction (2) at the start of June. The breakout of the resistance level 1.4920 greatly accelerated the active impulse wave c of the ABC correction 2 from […]