dollaro yen monthly 04.07.2021

Forex trading signals forecasts Dollar Yen April 2021

Forex signals trading technical analysis Usd Jpy in the short and medium term through the economic cycles of WD Gann.

Reliable Forex signals: Usd Jpy weekly chart

Forex Signals Usd Jpy Weekly

The technical frame of the Dollar Yen market both in the short and in the medium term was very complex until a few months ago.

In fact, we can observe that from the first weeks of 2017 to the end of 2020, the dynamics of the Dollar had a fluctuating path between the 114.50 and 104.50 area.

At first, the trading range phase seemed to identify a large distribution area from which a further corrective trend would arise, as in the period between the end of December 2015 and June 2016.

However, four years after the weekly high of December 16, 2016, the prices of the American currency were still trading within this large trading range.

This suggested that it was not a distributive area, but an accumulative one.

The Forex signal that expired in the week of January 08, 2021 generated a bullish out-side and started a new upward phase of the Dollar..

The 1X4 and 1X8 descending angular resistances from the weekly top on February 21, 2020 have been broken on the upside and only the 1X16 resistance is currently attempting to curb the upward run.

This vector is irradiated by the software in blue, the first from the top.

The next weekly Forex signal will expire on 09-16 April 2021.

Although these days the market is carrying out a slight negative retracement, the short-term trend is positive: resistances 110.35; 112.20.

However, it will be necessary to observe the prices until April 16 to understand if the Dollar will accelerate further until the end of April.

The return below 108 would indicate a first partial weakness: supports at 108.45

Forex market Dollar Yen medium term forecasts

The wide lateral band in which the Dollar Yen price dynamics has evolved can be better observed in the monthly time frame.

In the monthly Set Up of March 2020, the broad fluctuation of the candle from a maximum of 109.37 to a minimum of 101.17 is clearly visible.

During the monthly Forex signal, Natural Square of 72 expired in December 2020, the US currency had a low at 102.86 reaching the 1X4 angular support originating from the low of October 2011.

In the following month of January, the American currency broke the top of December 2020 upwards, generating a strong long signal in the medium term.

Upcoming temporal signals expire in March/April 2021.

In March 2021 Maximum  Square the currency further accelerated the upward recovery: further dynamic resistances in the 113.50 area.

 The large lateral band in which the price dynamics of the Dollaro Yen have evolved can be better observed in the monthly time frame.

In the monthly Set Up of March 2020, the broad fluctuation of the candle from a maximum of 109.37 to a minimum of 101.17 is clearly visible.

During the monthly Forex signal, Natural Square of 72 expired in December 2020, the US currency had a low at 102.86 reaching the 1X4 angular support originating from the low of October 2011.

In the following month of January, the American currency broke the top of December 2020 upwards, generating a strong long signal in the medium term.

Upcoming temporal signals expire in March-April 2021

In March 2021 Maximum Square the currency further accelerated the upward recovery: further dynamic resistances in the 113.50 area.

Strategic Forex in Usd Jpy long term

The 1X2 descending long-term angular resistances visible in yellow color were broken up in the first quarter of 2021.

Such dynamic obstacles had held the trend in a corrective sense for a long time.

In fact, the various attempts at an upward recovery of the Dollar have been rejected by these dynamic obstacles, and more precisely:

in the first quarter of 2017, the last quarter of 2018 and the first quarter of 2020.

The bullish breach of this vector in the first quarter of 2021 indicates the birth of the new positive force in the Dollar market, which is currently testing the subsequent obstacles in the 110 area.

Reliable Forex Signals: Top Trader Software (c)

Accurately determining the Forex signal to enter and exit the market is not easy without the right IT support.

In particular, with the Gann technique we are able to obtain a linear mathematical model in which the two dimensions of price-time within a precise time cycle generate the Set Up:

this determines an increase in volume, volatility and the beginning or end of ascending or descending phases.

The Gann Set Up is able to identify when the correlation of the returns of a security or currency begins to capture its trend.

The Top Trader (c) Stock Exchange software has been designed to correctly apply the Gann theory on all listed markets.

Using the software it is also possible to create hedging or speculative strategies with Call and Put Options.

In fact, the software can show the various static and dynamic pay-offs thanks to the Black/Scholes mathematical model.