Trading signals and online forecasts USD/JPY

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Analytical Forex forecast for today, August 11, for USDJPY, AUDUSD, NZDUSD & Gold
AUD/USD, currency, USD/JPY, currency, NZD/USD, currency, Gold, mineral, Analytical Forex forecast for today, August 11, for USDJPY, AUDUSD, NZDUSD & Gold USD/JPY: "American" develops positive dynamicsThe US currency is trying to win back losses. According to economists, on the eve of the dollar was trading actively falling, indicating the reason for the dominance of "bears" in the publication of macroeconomic data in the United States on inflation, which showed a slowdown from the previous indicator of 9.1% to 8.5% in July, which exceeded market expectations. Thanks to the positive data, market participants revised forecasts for further steps of correction of the key indicator by the US regulator in favor of a decrease in growth rates at a meeting in September. Previously, it was expected that the US Federal Reserve would raise the percentage by 0.75%, but in the present, experts admit a revision at 0.50%, which will help the world's first economy to neutralize the processes of recession.Resistance levels: 133.00, 134.00, 134.54, 135.57.Support levels: 132.00, 131.00, 130.00, 129.39.AUD/USD: The pair is trading in a bullish trendThe Australian currency is trading in a negative zone, moving away from its local maximum on June 10, reached earlier.The Australian dollar is under moderate pressure amid the release of statistics, according to inflation forecasts. The data published at the University of Melbourne for August were revised in favor of a decrease to 5.9% from the previous 6.3%, which gives reason to hope for a reduction in the tough position of the regulator on the issue of further interest rate increases in favor of a softer one. Meanwhile, the RBA announced the launch of a project with the help of which testing will be carried out to integrate the digital version of cash (CBDC). The Ministry confirmed the involvement of experts from DFCRC (Corporate Research Center for Digital Finance), together with whom a practical approach to the use of a crypto tool and the use of its economic benefits, taking into account technological, legal and regulatory nuances, will be studied throughout the year. According to the statement of the head of the regulator Michel Bullock, the success of the project will enable entrepreneurs to implement their projects with the help of innovative technologies. The results of testing are announced for August next year.Resistance levels: 0.7107, 0.7150, 0.7202, 0.7250.Support levels: 0.7050, 0.7000, 0.6950, 0.6900.NZD/USD: the instrument is held at the local maximumDuring morning trading, the NZD/USD asset is testing the 0.6400 mark, being at the local maximum on June 10, reached earlier.The New Zealand data released today did not provide the expected support for the instrument. Economists note an increase in the number of tourists visiting the country in June by 83.5%, contrary to analysts' expectations of a growth of 14.8%. Local easing of epidemiological measures makes it possible to hope that the economic tourism sector will become a driver of the flow of additional funds to the national budget, which was not the case last year due to strict quarantine restrictions.Resistance levels: 0.6400, 0.6433, 0.6500, 0.6535.Support levels: 0.6350, 0.6300, 0.6200, 0.6146.Gold PricesThe cost of the bank metal shows negative dynamics, moving away from the local maximum on July 5, updated earlier.The asset retreated again from the threshold of fundamental resistance at the level of 1800.00. The strengthening of the instrument during Wednesday's trading session showed very limited potential, despite the weakening US dollar due to the release of statistics on consumer prices in the US. Thus, according to data for July, inflation left record levels, previously updated 9.1% to 8.5%, which exceeded market expectations. This gave investors an incentive to revise the forecasts made the day before on the pace of interest rate hikes from the US Federal Reserve during the summit in September. Now economists agree that the basic indicator will be increased by only 0.50%. However, gold will remain under pressure in any outcome because the officials of the department – Neil Kashkar and Charles Evans actively advocate the continuation of "hawkish" methods in the process of tightening monetary policy in the ...
Forex analysis and forecast for USDJPY for today, August 11, 2022
USD/JPY, currency, Forex analysis and forecast for USDJPY for today, August 11, 2022 After yesterday's collapse caused by the release of the US inflation report, where the consumer price index fell from 9.1% to 8.5%, ahead of the forecast by 8.7%, and core inflation remained at 5.9%, on Thursday USD/JPY seeks to regain positions.Currently, investors are trying to figure out whether the Federal Reserve will continue to aggressively raise rates or slightly reduce the ardor of monetary restrictions, and maybe even take a pause in tightening monetary policy.The Japanese government announced its resignation on Wednesday, as it does not feel the support of voters due to the rapidly rising prices of food and fuel.Political uncertainty has become an additional factor of pressure on the Japanese yenTechnical analysis for USDJPYThe Bollinger Bands indicator on the daily chart remains in moderate decline.The MACD indicator played a small recovery of the pair last week, but now it has started to decline in the negative range and has formed a sell signal.The stochastic oscillator is steadily decliningThe breakdown of support at 133.00 will be a signal to enter short positions with a take profit of 131.00. We set the stop loss at 134.00.With a confident breakdown of the resistance of 134.00, we return to purchases with a target mark of 135.57. We will place a protective stop just below ...
USDJPY - Forex technical analysis of the USD/JPY currency pair on August 9
USD/JPY, currency, USDJPY - Forex technical analysis of the USD/JPY currency pair on August 9 During the Asian trading session on Tuesday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 134.32 and the resistance level around 135.47.Moving averages with a period of 21 and 55 days have turned up and are ready to form a buy signal, reducing the discrepancy to a minimum. The four-hour chart is progressing in the area above exponential moving averages, which indicates the emergence of an upward potential of this market in the short term.The technical picture also demonstrates the strengthening of the purchasing potential - the MACD histogram remains in the area above its central line, and the strength indicator of the current RSI movement has risen to the area of the 60 line, indicating the strengthening of the uptrend of this market in the short term.Thus, we intend to buy this trading instrument ...
Analytical Forex forecast for today, August 8, for AUDUSD, USDJPY, Brent oil & Gold
AUD/USD, currency, USD/JPY, currency, Brent Crude Oil, commodities, Gold, mineral, Analytical Forex forecast for today, August 8, for AUDUSD, USDJPY, Brent oil & Gold AUD/USD: RBA changed expectations for GDP growthThe AUD/USD instrument intends to reverse the dynamics and develop a positive trend, testing the 0.6930 mark.According to a detailed report published by the Reserve Bank of Australia on monetary parameters, which explained the need for increased interest rates the day before. Recall that during the meeting held a week earlier, the regulator brought the target to the level of 1.85%, which increased investors' fears of the onset of a recession, according to the American scenario. Meanwhile, the regulator worsened preliminary expectations of GDP strengthening this year to 3.25%, against the previous forecast of 4.25%. Officials of the department admit the onset of negative consequences from high interest rates with the onset of 2023, where the decline in GDP growth will be 1.75%.Resistance levels: 0.7016, 0.7232.Support levels: 0.6870, 0.6681.USD/JPY: Covid-19 significantly worsened the yen's positionThe US currency is trading weak growth, intending to cross the mark of 135.20.The pair has gained a strong bullish potential since the end of the previous week, when a report on the US employment market was published. After studying the data, investors noted the strongest growth in the level of new vacancies excluding the agricultural sector for the last 5 months by 528.0 thousand, which exceeded market forecasts of 250.0 thousand new jobs. The "American" received additional support from a decrease in the unemployment rate to 3.5%, while maintaining a positive trend in average pay per hour.Resistance levels: 135.57, 136.69, 137.50, 138.50.Support levels: 134.54, 133.00, 132.00, 131.00.Gold PricesThe value of the precious metal is at the level of 1770.00.Resistance levels: 1775.00, 1784.31, 1800.00, 1816.62.Support levels: 1752.87, 1730.00, 1720.00, 1700.00.Oil Market OverviewBrent black gold quotes were able to consolidate positions above 94.00. At the end of last week, the oil position updated the February lows of 92.20 due to preliminary expectations of an increase in energy production, which will be announced at the results of the meeting of OPEC+ member countries. The indicator of demand for oil positions is moderately decreasing because investors expect a firm position from the cartel, meanwhile, the indicators of contracts have reached the level of 2016. As follows from the data of the CFTC (US Commodity Futures Trading Commission), net speculative positions reached 253.8 thousand against 259.3 thousand. for the past week.Resistance levels: 96.48, 105.23.Support levels: 92.48, ...

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Dollar falls, losing support from US government bonds
USD/CAD, currency, USD/JPY, currency, NZD/USD, currency, US Dollar Index, index, Dollar falls, losing support from US government bonds The dollar fell against the Canadian dollar and hovered near multi-month lows against European currencies on Tuesday as Treasury bond yields were little moved amid expectations the US Federal Reserve will not raise interest rates in the near future.Dallas Fed President Robert Kaplan reiterated on Monday that he does not expect interest rates to rise until next year, lowering expectations that inflationary pressures could force the Fed to change policy sooner than stated.Read more: Causes of inflation and scientific approaches to their studyThe yield on 10-year US Treasury bonds stood at 1.6454%, continuing a decline from last week's five-week high.The dollar index to a basket of six major currencies was down 0.19% to 89.991 by 09:34. The euro rose 0.25% to $1.2181, close to its lowest level since February 26. At the same time, the pound rose 0.31% to $1.4178. The British currency was supported by the lifting of coronavirus restrictions in the UK.The Canadian dollar rose 0.31% against the US dollar to $1.2029, almost hitting a six-year high, thanks to higher oil prices. "The Aussie rose 0.46% to $0.7799. The New Zealand dollar rose 0.58% to $0.7242.The mainland yuan rose 0.2% to 6.4257. The Japanese yen rose 0.1 per cent paired with the dollar, to 109.08 yen.In the cryptocurrency market, bitcoin rose 3.81% to $45.255 but remained near a three-month low following tweet from Tesla CEO Elon Musk. Etherium rose 7.58% to $3,529.95, recovering from a two-week low hit on Monday.Read more: The history of Federal Reserve (Fed) and its ...
Forex trading: understanding the forex market
EUR/USD, currency, GBP/USD, currency, USD/JPY, currency, Forex trading: understanding the forex market The foreign exchange market is better known as Forex or FX. Trading in this market has become very popular in recent years. However, this is not the case - Forex trading raises a number of questions. For example: what is the foreign exchange market? Which currency pairs are best to trade? Is currency trading risky? Some of the answers to these questions will be found in this article.What is the Forex market?The foreign exchange market is also called the Forex market or the English foreign exchange market. It is simply a market where currencies are exchanged. According to the Bank for International Settlements (BIS), the foreign exchange market is the largest market in terms of total volume, with up to USD 5 trillion traded daily. It is not a physical place, but rather an electronic network where institutions or individuals trade with each other.The left-hand currency is called the base currency and the right-hand currency is called the quote currency. The second currency indicates the value relative to 1 unit of the base currency. For instance, the formula EUR/USD = 1.4000 implies that EUR/USD trades at 1.4000, i.e., 1 Euro has a value of $1.40. The first currency is always expressed in the second currency. USD/JPY at 110.50 means that one USD is worth JPY 110.50. EUR/USDWhat are the best currency pairs to trade?The best currency pairs to trade effectively depend on your trading style. If you have a short term strategy, for example, if you like to scalp, then the major currency pairs will be most profitable for you because of the low spreads.On the other hand, for a fundamental trader, smaller currency pairs will be of interest based on long-term analysis. The most profitable currency pairs may be those involving the Australian dollar, Japanese yen or Canadian dollar.The best forex currency pairs:EUR/USD: this pair has the lowest spread and is not very volatile.GBP/USD: this pair is interesting in terms of spreads and possible gaps, but it is quite volatile.USD/JPY: this pair has low spreads and offers some interesting possibilities. GBP/USDHow to get started trading currencies online?To start trading currencies online, follow these steps:- Choose a regulated and reputable broker- Choose a broker by the quality of execution of trading instructions- Decide on the trading style that suits you best (scalping, intraday trading, swing trading - you keep your position open for several days)- Determine the appropriate leverage effect in the stock market according to your strategy and experience.- Do not invest more than you can afford to lose.- Choose an intuitive, simple and secure trading platform such as MetaTrader 4.- Try all the above steps on a demo account, before trading live.Read more: Features of intraday trading on the Forex marketGoldIs online currency trading dangerous?Like any financial investment, currency trading online is subject to risks. However, there are different methods to control these risks:- Determine the price of the currency pair at which you want to close a position if developments are unfavourable (for example, if you buy and the price falls, or if you sell and the price rises),- Determine the size of the trade so that your potential loss should not exceed 2-3% of your capital per trade,- Estimate your risk/return ratio (loss/profit) before you open the trade. By default you should have a greater potential for profit than loss, e.g. risk 50 pips, but try to make a profit of e.g. 100 pips.For proper money management and risk reduction it is advisable to start trading on a demo account and try things out on the dirt first. Such an account will allow you to trade in real market conditions, but with fictitious capital, so that you have a complete understanding of the foreign exchange market without any risk.Read more: Forex broker: how to choose a good ...
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