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    BEH TONG YU

    Question: USDJPY reach multi year resistance level, MACD divergence with price action. Can it stay at this level?

     

    I'm looking to short this USDJPY pair.

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    IQBAL

    Wahh thank you so much, Beh. for opening this thread 

     

    SUZAIDEE BIN MOHD SHOM

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    NG SEA CHOOI

    Beh planning to go Japan?

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    BEH TONG YU

    No Ng.

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    SUZAIDEE BIN MOHD SHOM

    Beh, care to explain in details short terms you are using in this thread. So, others can learn and have better undersatnding. 
    Why USDJPY intead of calling it USD or JPY only?
    MACD divergence?
    Thank you :)

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    BEH TONG YU

    Understanding the USD/JPY (U.S. Dollar/Japanese Yen) Pair

    The value of the USD/JPY pair is quoted in Japanese yen per one U.S. dollar. For example, if the pair is trading at 150 it means that one U.S. dollar can be exchanged for 150 yen. 

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    BEH TONG YU

    MACD is indicator.

    Moving Average Convergence/Divergence indicator

    The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends.

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    BEH TONG YU

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    BEH TONG YU

    In this thread, I'm sharing some Forex knowledge in technical based.

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    SUZAIDEE BIN MOHD SHOM

    Thanks Beh 👍🏻

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    WONG MENG JIAN

    TQVM Master Guru Beh 😁😁

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    MUHAMMAD FARIS BIN YAHYA

    good info 

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    SUZAIDEE BIN MOHD SHOM

    Beh, what do you think if someone focus on foreign saving instead of involve in forex trading. Is it still worth it?

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    BEH TONG YU

    Sorry Dee. Late reply.

    You may choose foreign saving like Singapore Dollar. Long term Singapore dollar Vs Malaysia ringgit is in uptrend.

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    BEH TONG YU

    US dollar index turn into bullish .

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    BEH TONG YU

    And USDJPY pair break above it resistance level. The question is how high can it go?

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    BEH TONG YU

    US dollar index update (12 /4 /2024)

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    BEH TONG YU

    US dollar index rise again.

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    BEH TONG YU

    US dollar index break through previous resistance level and keep in bullish trend 📈.

    Have you make profit from this move?

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    BEH TONG YU

    US dollar index hit resistance level.

    Question: What is the next Price Action (PA)?

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    BEH TONG YU

    Japan stock Market Plunges.

     

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    BEH TONG YU

    Hi everyone, still remember that USDJPY is in my seller list. Today after hit multi year high 160.20 , this pair start a huge seller off. 

     

    Please refer below new for more information 

    https://www.forexlive.com/news/usdjpy-dips-to-158-as-the-volatile-swings-continue-20240429/

     

     

     

     

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    BEH TONG YU

    US dollar index turn into break up correction price action (10 days).

     

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    SUZAIDEE BIN MOHD SHOM

    Yesterday I lepak with some money changer people. They told me if wanna start foreign currency saving apart from SGD can also look at Japanese Yen. Another one is Swiss Franc

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    BEH TONG YU

    Yes you are right Dee. Japanese Yen at multiple years low now. It's depends on when BOJ will take actions on Yen. 

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    BEH TONG YU

    US economy data out 

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    BEH TONG YU

    Finally US dollar index break down

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    BEH TONG YU

    Good morning, let discuss about Silver spot.

    This example is good break out and retest price action.

    Price break above previous resistance level 26.00 on the weekly chat and retest this level ( new support level) . On the daily chart price action form a low test bar (which indicate by the red arrow) on the new support level (26.00) . Yesterday bid player came in and form a long bullish bar.

    Target price is previous high ( 29.00 )

     

    Weekly Chart

     

    Daily chart

     

     

     

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    BEH TONG YU

    US dollar index break down 105.70 level and yesterday retest this level with a bearish engulfing bar. Sell US dollar via major currency pairs.

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    BEH TONG YU

    Good morning,

    Let's start the week with silver spot .

    Price hit target 29.00 last week.

    Next target price is 49.00

     

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