2018.2.20 FX-ON submission time 08:00 Dollar/Yen price movement forecast and scenario
FX Study: Reviewing the Previous USD/JPY Price Movement Forecast
Because the title is “FX Study,” I’ll write a little about things that might be educational. For studying FX, it is more efficient to study technical analysis than fundamental analysis. Even when you say “technical analysis” in one phrase, it is a collection of know-how accumulated from the experiences and knowledge of many predecessors, and there are many types. A fairly large number of people think of technical analysis as simply technical indicators (I actually did too). However, technical indicators are only a tiny part of technical analysis. The most important thing is market psychology. Market psychology can be read from the information transmitted by the formed charts. In other words, read market psychology on the left side of the chart. Read market psychology on the left side of the chart, and forecast the right side of the chart. The scenario is drawn by reading market psychology and considering what actions many traders would take in this situation. “FX Study” is deep, isn’t it? For this scenario, we will publish it as a paid newsletter from March. Honestly, there aren’t sites predicting with this level of accuracy, so it’s expensive!!! Monthly fee... 500 yen (laughs) I’m proceeding with the matter on FX-ON, and for those who join between March 1–2, the monthly fee is permanently 20% off, 400 yen. I’ll check today whether pre-orders are also eligible. After that, 500 yen. Given the site administrator’s personality, there will never be another campaign (laughs) Regarding the previous scenario, it performed as usual with a high hit rate.Previous USD/JPY Forecast (Click the image to jump to the article.)
Previous USD/JPY Forecast USD/JPY 15-minute Chart
Today’s USD/JPY Forecast: Building the scenario for USD/JPY price movement
Stock-Measure suggests a bit more upside is possible. Around 106.800–107.150. If the current consolidation breaks upward, I think it could reach this area. However, 106.700 is slightly tied to resistance/support on a longer time frame, so if it doesn’t break through, it might range and come back to the 105 range.<Posted 2018.02.20 07:30>● Scenario 1
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● Scenario 2
If it breaks below the 106.500–600 range, it could drop to around 106.450–400, continuing to range or adjust. If it breaks below the range, it could fall to around 106.350–250. If it breaks above the range, it could rise to around 106.600–550. If it drops to around 106.350–250 and then continues to consolidate or adjust, and if it finally breaks above the range, it could rise to around 106.550–450. If it drops to around 106.150–050 and the downside momentum strengthens, it could fall further to around 105.850–750.
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● Scenario 2
If it breaks below the 106.500–600 range, it could drop to around 106.450–400, continuing to range or adjust. If it breaks below the range, it could fall to around 106.350–250. If it breaks above the range, it could rise to around 106.600–550. If it drops to around 106.350–250 and then continues to consolidate or adjust, and if it finally breaks above the range, it could rise to around 106.550–450. If it drops to around 106.150–050 and the downside momentum strengthens, it could fall further to around 105.850–750.
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