Technical AnalysisThe technical analysis for this pair is rather bullish, and it’s worth noting that the 50 Day EMA sits just below the ¥155 level and is rising. We have tested this over the course of the last couple of
January 21, 2025
Australian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 3 (Started) Details: Orange wave 2 appears completed, and orange wave 3 is now in progress.
The USD/JPY pair fell to 155.08 on Tuesday, close to the monthly low. The Japanese yen gained strength as speculation grew regarding a potential interest rate hike by the Bank of Japan (BoJ), driven by hawkish commentary from BoJ officials,
Image Source: Unsplash Jefferies analysts recently downgraded Apple Inc. (Nasdaq: AAPL) from Hold to Underperform, setting the stage for a potential shift in investor sentiment. The reduced price target of $200.75 suggests a 13% downside, primarily due to weaker-than-expected iPhone sales and a slower uptake
The USD/CAD outlook suggests growing bullish sentiment as the Canadian dollar weakens ahead of Trump’s likely import tariffs. Meanwhile, the dollar regained momentum as market participants eagerly awaited Trump’s inauguration speech. The Canadian dollar has dropped recently as markets have shifted
Image Source: Pixabay Instrument: USDJPY Average Pattern Move: +0.53% Timeframe: Day of BoJ decision Winning Percentage: 75% The Bank of Japan (BoJ) is set to hold a two-day policy meeting on January 23-24, 2025, where it will deliberate on a
