Euro-dollar swings in the high range, riding out the volatile market with buy/sell signals! USD/JPY and the U.S. stock market change as anticipated!

After the year-end and New Year market, participants have finally started moving in earnest!
Last week was a week of U.S. events from President Trump's State of the Union address to FOMC and employment data
in the U.S. market, and the notable dollar scene—the USD/JPY pair
saw a rebound from the lower end of the long-term support line, closing near the 110 yen level
and ended the session at that level.
Moreover, it became clear that market participants have begun to move decisively in various financial markets.



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On the other hand, the other focus currency, the Euro/Dollar, is still holding in the high price range
and is transitioning at a long-term resistance line, but while handling U.S. events it remains near the high range
and has shown volatile up and down movements.


The chart shows“Ask Ultimate – Shadow Warrior”in Euro/Dollar 15-minute day trading
the market from the ECB meeting to the U.S. employment data.
The price movement has handled the events along with buy/sell signals!

Click the image to enlarge! The indicators are“Ask Ultimate – Shadow Warrior”/“Forex Kick” development product

Unlike the USD/JPY, the Euro/Dollar shows larger price swings, currently peaking in the 1.25 area
and is experiencing daily swings of over 100 pips, making it ideal for day trading
with this level of movement.
The monthly movement we have been watching has now broken above the Ichimoku cloud top, but
if this month's close pushes back into the cloud, it is expected to become near-term resistance, so
the continuation of the upside resistance is in focus, and with each market moving decisively,
we want to ride this wave successfully!


In the stock market, especially U.S. stocks have fallen since last week, recording historic declines.
At first glance, it seems the market may be entering a phase of correction after an unusually abnormal market run.
The timing of the move started after the year-end and New Year market, around the U.S. President's State of the Union address,
so it seems this was precisely the moment of change.
However, it has not been the case that the forex market followed the same pattern; even with the U.S. stock decline, the USD/JPY rose from the low and
ended the session around the 110 level, showing a decoupling trend, so
in such market conditions a technically-driven approach across currencies can be a viable strategy.


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