Chinkou Span line of Ichimoku indicator is crossing historical price on open bar from above to below which is indicating breakdown within primary bearish on D1 timeframe.
If Chinkou Span line will cross the price on close bar, if the price will break 101.39 support on D1 timeframe and 101.20 support level on H4 timeframe so we may see the breakdown to be continuing (good to open sell trade). If not so we will see the ranging market condition within primary bearish on D1.
UPCOMING EVENTS (high/medium impacted news events which may be affected on USDJPY price movement for this coming week)
2013-03-18 12:30 GMT (or 13:30 MQ MT5 time) | [USD - Building Permits]
2013-03-18 23:50 GMT (or 00:50 MQ MT5 time) | [JPY - Trade Balance]
2013-03-19 04:30 GMT (or 05:30 MQ MT5 time) | [JPY - All Industries Activity]
2013-03-19 05:00 GMT (or 06:00 MQ MT5 time) | [JPY - BOJ Gov Speech]
2013-03-19 18:00 GMT (or 19:00 MQ MT5 time) | [USD - Federal Funds Rate]
2013-03-20 07:15 GMT (or 08:15 MQ MT5 time) | [JPY - BOJ Gov Speech]
2013-03-20 14:00 GMT (or 15:00 MQ MT5 time) | [USD - Philadelphia Fed Manufacturing Survey]
SUMMARY : bearish
TREND : breakdown
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.03.15 12:44
USDJPY Fundamentals (based on dailyfx article)
Fundamental Forecast for Japanese Yen: Bearish
newdigital, 2014.03.16 12:51
newdigital, 2014.03.16 12:52
newdigital, 2014.03.17 17:25
USDJPY Technical Analysis March 17 2014 (based on fxstreet article)
continues to trade near the top of today range, although it has pulled
back slightly from highs after failing to break above the 101.85 area.The
USD/JPY came under strong pressure last week amid risk aversion and
dropped more than 200 pips before finding support at the 101.20 zone on
Friday. The pair recovered Monday but with the bounce capped by the
101.90 zone, it was confined to a phase of consolidation. At time of
writing, the USD/JPY is trading at the 101.60 zone, recording a 0.3%
gain on the day.
newdigital, 2014.03.19 06:44
if actual > forecast = good for currency (for JPY in our case)
Japan Trade Deficit Y800.3 Billion
Japan posted a merchandise trade deficit of 800.309 billion yen in
February, the Ministry of Finance said on Wednesday - sliding into the
red for the 19th consecutive month.
The headline figure missed
forecasts for a shortfall of 600.9 billion yen following the downwardly
revised record deficit of 2,791.7 billion yen in January (originally
2,789.97 billion yen).
Exports were up 9.8 percent on year - also
shy of expectations for 12.5 percent following the 9.5 percent increase
in the previous month.
Exports to China surged 27.7 percent on year to 1,074.853billion yen,
while exports to all of Asia were up 12.5 percent on year to
Exports to the United States added 5.6
percent on year to 1,063.575 billion yen, while exports to the European
Union climbed an annual 13.9 percent to 609.548 billion yen.
Imports added an annual 9.0 percent versus forecasts for 7.2 percent following the 25.1 percent spike a month earlier.
from Asia gained 772 percent on year to 2,749.544 billion yen, while
imports from China alone collected an annual 5.72 percent to 1,185.620
Imports from the United States jumped 20.8 percent on
year to 579.923 billion yen, while imports from the European Union
jumped 15.4 percent to 646.886 billion yen.
The adjusted trade
balance registered a deficit of 1,133.2 billion yen, missing forecasts
for a shortfall of 907 billion yen following the upwardly revised 1,763
billion yen deficit in January (originally 1,818.8 billion yen).
MetaTrader Trading Platform Screenshots
USDJPY, M5, 2014.03.19
MetaQuotes Software Corp., MetaTrader 5, Demo
USDJPY M5 : 9 pips price movement by JPY - Trade Balance news event
newdigital, 2014.03.19 16:58
EURUSD Fundamentals 19.03.2014 (based on dailyfx article)
Trading the News: Federal Open Market Committee Meeting
Indeed, the Federal Open Market Committee (FOMC) is
widely anticipated to reduce its asset-purchase by another $10B in
March, but the market reaction may not be as clear cut as the previous
rate decisions as market participants expect a material shift in the
Why Is This Event Important:
Indeed, a growing number of Fed officials have
highlight a new ‘qualitative’ approach for monetary as the jobless rate
approaches the 6.5% threshold for unemployment, while a dovish twist to
the central bank’s forward guidance may heighten the bearish sentiment
surrounding the greenback as it drags on interest rate expectations.
How To Trade This Event Risk
Bullish USD Trade: FOMC Cuts Another $10B & Sees Greater Scope to Normalize
Bearish USD Trade: Fed Implements Dovish Twist to Forward Guidance
XAUUSD M5 : 1953 pips price movement by USD - Federal Funds Rate news event :
AUDUSD by USD - Federal Funds Rate news event :
EURUSD by USD - Federal Funds Rate news event :
Federal Open Market Committee Meeting :