forex forecast

Dollar yen quarterly 2020.01.20

Forex signal Usd Jpy exchange medium and long term forecasts

Free Forex signal exchange Dollar Yen through the time cycles of the economist W.D. Gann.

Medium term reliable Forex signals Usd Jpy exchange

From the first months of 2017 until today, the Dollar Yen market is evolving its price dynamics in a complex lateral phase.

As clearly shown on the slide just above, the Dollar Yen market since December 2016 is exchanging prices within the 1X4 angles relative to the May 2016 and December 2016 minimum. These purple-colored carriers have configured a triangle. The climax of this triangle converges in December 2019.

In particular, the lower angular support 1X4 has hindered the corrective forces on many occasions, resulting the formation of a triple bottom in March 2018, January 2019 and August 2019.

However, the pull back determined by the last minimum of August 2019 wasn’t able to brought the prices above the previous 1X4 angular support, as in the previous cases of March 2018 and January 2019.

The latter in fact has generated an opposition to the upward recovery, as if it were now acting as resistance, which in conjunction with the upper angular vector stalled the recovery in January of this year.

The last Forex signal of Usd Jpy market is expired in December 2019. This signal did not provide useful indications cause the exchanges ended their dynamics inside the candle of last November.

Although the Dollar had a negative retracement in early January 2020, the US currency subsequently broke up again the previous November top, still signaling that the Yen is not yet ready for a positive turnaround.

Reaching 107.55 level will be a concrete sign of weakness in the dollar.

While the propulsive activity of the Dollar will have subsequent resistances at 112.20 level.

Long-term Usd Jpy analysis

The lateral trend of Usd/Jpy market is more evident in the quarterly time frame.

The US currency in the first quarter of this year still has shown a progressive strength, however the Forex signal for a return to a weakness phase of the Dollar is at level 106.

If the exchanges achieve this level, it would in fact determine a bearish out-side on the Set Up relating to the first quarter of 2020.

First supports are in area 105, while dynamic resistances are in area 114.50.

The report on forecasts and signals of the Dollar Yen market was realized using the Top Trader software ©.