USD Bulls In Full Force

After nearly a year of downside pressure on the dollar, we have finally begun to see relief in the world reserve currency. This comes as we see a massive rise in yields & Jerome Powell admitting we may have further inflation on the horizon, although he states the Fed will not react to rising rates.Continue reading “USD Bulls In Full Force”

USD/JPY – Updated Analysis

With the first data release for the dollar coming out negative this afternoon as well as the Consumer Confidence coming out negative, let us look at updated analysis on USD/JPY. On the 4-hour time frame we can see that price rejected off of the potential right shoulder area meaning the head and shoulder pattern isContinue reading “USD/JPY – Updated Analysis”

USD/JPY – Technical Outlook

USDJPY has recently closed above a major key level for the first time since the end of July. Below, I’ll do a top down analysis on this pair starting at the daily time frame. Looking at the chart above, we can see that we’ve recently closed above the major key level of 106.500. Looking atContinue reading “USD/JPY – Technical Outlook”