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FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024. Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.

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USD/JPY Weekly Forex Market Analysis Weekly Forex Market Analysis: USD/JPY Moves Sideways As Price Face restriction Above 109.90s Last week it was discovered that the "ninja" closed the previous trading week session with a strong consolidation in price action movement. Where The ratio of buyers and sellers was approximately in direct proportion. Hence a tight sideways movement in price exchange surfaces the entire USDJPY Market. With this in mind, the majority of market players are on the outlook for a spike in the volatility Nature of the pair. And If at any moment the presence of a genuine volatility Indicator overshadow the consolidation force the market is currently undergoing. The price of the market could tend to move in the favour of the dominating key market participants. What To Expect For This Week In USD/JPY Market The Japanese Business sentiment index( BSI) which measures the sentiment of the large manufacturing industry in Japan is said to be released (on Monday 13th of September 2021) with a positive expectation on the side of economic analysts and the interbank markets. However, the last reported update for the BSI data claims a recording of -1.4 which was believed to be a negative performance. In response to this report, a bullish motion could be welcome in the market if at all the reported data outweigh the previous release or yield a number above zero, on the flip side a bearish move will be the next trending move if the BSI data should cross below the previous marked level. With a less focus on the US Bureau of Labor Statistics which published the Producer Price Index (PPI) data for August. In Addition to this report market players will hold a close look at the performance of Wall Street's primary indexes and the US T-bond results. A report from FX street claims that the US Dollar Index is down by 0.12% in the last trading day at 92.41% and the S&P 500 assets are rising by 0.43%. Yet it's unlikely that the price of the dollar will meet an appreciating buyer's presence. USD/JPY Technical Analysis Weekly time frame From the weekly time chart, the USD/JPY pair was observed in a strong market consolidation which forces the price of the market to move in a straight horizontal smaller candlesticks range along with the 109.904. Whereas the trading bias on this time frame represents a bearish price action. While volatility is on the lower level. A weaker than expected change will be expressed in the overall nature of the market structure. Daily time frame To be more accurate in this analysis the USD/JPY pair had a bearish candlestick reversal pattern ( Evening star) appearance on the daily time frame, meaning the likeness of price moving in a negative direction is very much weighted. Besides 200MA indicates buyers performance for the last 200 days candlesticks which proclaim that the tendency of price reversing back towards the higher moving average is on the highest degree Without much ado positions, traders can be set to enter the market whenever the price closes below the evening star. As this can serve as the most profitable means of taking a position. 4-hour time frame Swing traders on the other hand should have a keen interest in regulating the ranging moves present in the 4-hour time frame. With deep thoughts on this time frame, price will hit the previous swing high before pulling to the downside, hence the cycle of the ranging will be met with a breakout in price. In conclusion Moving further to the start of the second trading week of September the pair could likely encounter a mil rising in volatility. Where a favourable move could be on the side of the sellers.

Special Analysis: Why Bitcoin is leading to the bull run?It's a good question that maybe traders, enthusiastic and people ask in their minds. Well , I can see a possible strenghten of the Bitcoin, in any case if Bitcoin is goes to make a consolidation between the $10,000 USD and $12,000 USD, this could be a good signal to buy more Bitcoin and accumulate more Bitcoin between the medium-term and long-term. Well, in weekly as in Daily timeframe, I speak here in my previously analysis that BItcoin is leave at the 0.618% of Fibonacci. Now, Bitcoin is still bullish for medium-term and also, we could see a possible started of bull run, and guys, it's so imprensidible to buy Bitcoin before to be late, becuase if you not re-accumulate Bitcoin while you make trading operations whether is on Forex, commodities, stocks or cryptocurrency, that options it;s a good idea to earn and accumulate Bitcoin or satoshis. Also, I have the forecas taht maybe, in 273 days we could see a Bitcoin on the previously maximum so nearly of $20,000 USD on the end of 2017. Also guys, to leading in the trend, I use the Finonacci trend as point exact to reacch target or all targets and while hte model of possible elliot wave!!! Also, if you interesting another analyze, I have this analysis of the future of Bitcoin to look out: