$FXY Longer Term Elliott Wave Cycles

by elliottwave-forecast.com | October 28, 2020 3:07 pm
$FXY Longer Term Elliott Wave Cycles Firstly the $FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of data going back into...

USDJPY Weekly Analysis – October 4, 2020

by ForexCycle.com | October 4, 2020 1:45 pm
USDJPY moved sideways in a trading range between 104.00 and 107.05. As long as the price is below the falling trend line on the daily chart, the price action in the range could be treated as consolidation...

USDJPY Weekly Analysis – September 27, 2020

by ForexCycle.com | September 27, 2020 1:11 pm
USDJPY remains in the downtrend from 111.71, the price action from 104.18 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the daily chart, the downside movement could...

USDJPY Weekly Analysis – September 20, 2020

by ForexCycle.com | September 20, 2020 12:45 pm
USDJPY is facing 104.18 support, a breakdown below this level could trigger further downside movement towards 103.00. Key resistance is at 107.05, only break above this level could signal completion of the downtrend.

USDJPY Weekly Analysis – September 13, 2020

by ForexCycle.com | September 13, 2020 2:06 pm
USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue and...

USDJPY Weekly Analysis – August 23, 2020

by ForexCycle.com | August 23, 2020 1:39 pm
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the price is below the trend line, the price action from 104.18 could be treated as...

USDJPY Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:54 am
USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further decline would likely be seen in the coming days and next target would be at 105.00 area....

USDJPY Daily Analysis – August 17, 2020

by ForexCycle.com | August 16, 2020 10:43 pm
USDJPY is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 107.05 could be treated as consolidation for the uptrend from 104.18, and...

USDJPY Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:14 pm
USDJPY’s bounce from 104.18 extended to as high as 107.05. As long as the price is below the falling trend line on the daily chart, the bounce could be treated as consolidation for the downtrend from 111.71,...

USDJPY Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:27 am
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 105.30. As long as the trend line support holds, the upside movement could be expected to continue and next target...