empty
bd
Support
Instant account opening
Trading Platform
Deposit/Withdraw

24.03.202517:13 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen

The levels I outlined were not tested during the first half of the day. The volatility seen immediately after the release of Japan's PMI data quickly faded, limiting the dollar's upward movement. There was also no significant pressure on the pair.

In the second half of the day, investors' attention will turn to the release of key macroeconomic data from the United States. Specifically, close attention will be paid to the PMI indexes for both the manufacturing and services sectors, as well as the composite index. These indicators will provide crucial insights into the current state and near-term outlook of the US economy. Additionally, markets will closely monitor speeches by FOMC members Raphael Bostic and Michael S. Barr. Their statements regarding the future of the Federal Reserve's monetary policy could significantly impact the dollar's dynamics. If the FOMC rhetoric is hawkish, this may trigger strengthening of the US dollar against the yen.

As for intraday strategy, I will focus primarily on implementing Scenarios #1 and #2.

Exchange Rates 24.03.2025 analysis

Buy Signal

Scenario #1: I plan to buy USD/JPY today upon reaching the entry point around 149.95 (green line on the chart), targeting a rise to 150.54 (thicker green line on the chart). Around 150.54, I'll exit long positions and open short positions in the opposite direction (anticipating a 30–35 point pullback). Buying the pair today is reasonable within the context of a bullish correction. Important! Before buying, ensure that the MACD indicator is above the zero line and just beginning to rise from it.

Scenario #2: I also plan to buy USD/JPY today in case of two consecutive tests of the 149.63 level, with the MACD in the oversold zone. This will limit the pair's downward potential and could lead to a reversal upward. A rise to 149.95 and 150.54 can be expected.

Sell Signal

Scenario #1: I plan to sell USD/JPY today after breaking below the 149.63 level (red line on the chart), which would result in a quick drop in the pair. The key target for sellers will be 149.06, where I'll exit short positions and immediately open long positions in the opposite direction (anticipating a 20–25 point rebound). Pressure on the pair may occur at any time today. Important! Before selling, ensure that the MACD is below the zero line and just beginning to decline from it.

Scenario #2: I also plan to sell USD/JPY today in case of two consecutive tests of the 149.95 level, with the MACD in the overbought zone. This will limit the pair's upward potential and could lead to a reversal downward. A decline to 149.63 and 149.06 can be expected.

Exchange Rates 24.03.2025 analysis

Chart Notes:

  • Thin green line – entry price for buying the trading instrument;
  • Thick green line – projected price for setting Take Profit or manually closing a position, as further growth beyond this level is unlikely;
  • Thin red line – entry price for selling the trading instrument;
  • Thick red line – projected price for setting Take Profit or manually closing a position, as further decline beyond this level is unlikely;
  • MACD indicator – when entering the market, it is important to use the overbought and oversold zones as guidance.

Important: Beginner traders in the Forex market must be extremely cautious when entering trades. It is best to stay out of the market before the release of important fundamental reports to avoid sharp price fluctuations. If you choose to trade during news releases, always set stop-loss orders to minimize losses. Without them, you may quickly lose your entire deposit, especially if you don't practice money management and trade with large volumes.

And remember: successful trading requires a clear plan, like the one presented above. Making spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

আরও দেখুন


ফরেক্স নিউজ
  • 2025-04-25 14:59:08
    India Stocks Fall, But Head for 2nd Weekly Gains
    2025-04-25 14:59:08
    Gold Slips as China Considers US Tariff Halt
    2025-04-25 14:59:08
    European Stocks Set to Open Higher on Trade Hopes
    2025-04-25 14:59:08
    China Mulls Tariff Exemptions on U.S. Goods Amid Trade Disputes
    2025-04-25 14:59:08
    Singapore Manufacturing Output Growth Below Estimates
    2025-04-25 14:59:08
    Singapore's Industrial Production Surges to 5.8% in March 2025
    2025-04-25 14:59:08
    Singapore's Industrial Production Continues to Dip in March, Signals Economic Challenges Ahead
    2025-04-25 14:59:08
    Malaysia Leading Index Drops Slightly
    2025-04-25 14:59:08
    PBoC Chief Reaffirms Supportive Policy, Warns of Trade Tensions
    2025-04-25 14:59:08
    Palm Oil Set to Finish Week on Upbeat Note
  • 2025-04-25 14:59:08
    Canadian Retail Sales Bounce Back in March, Surpassing Expectations
    2025-04-25 14:59:08
    Canadian Manufacturing Sales Slump by 1.9% in March
    2025-04-25 14:59:08
    Canada's Core Retail Sales Surge in February, Outpacing January's Muted Growth
    2025-04-25 14:59:08
    US Futures Point to Lower Open
    2025-04-25 14:59:08
    April's Mid-Month CPI Shows an Uptick to 5.49% in Brazil
    2025-04-25 14:59:08
    Brazil's Mid-Month CPI Sees Significant Slowdown in April
    2025-04-25 14:59:08
    Mexico's Economic Activity Faces Further Decline in February
    2025-04-25 14:59:08
    Mexico's Economic Activity Bounces Back in February with a 1.00% Growth
    2025-04-25 14:59:08
    India's Forex Reserves Surpass $686 Billion Mark in Latest Update
    2025-04-25 14:59:08
    Turkey's Forex Reserves Show Decline with April Figures Falling to $64.30B
  • 2025-04-25 14:59:08
    Indian Stocks Fall for 2nd Day, Still Post Weekly Gain
    2025-04-25 14:59:08
    Bank of Russia Leaves Rates On Hold as Expected
    2025-04-25 14:59:08
    Macau CPI Edges Higher in March
    2025-04-25 14:59:08
    Bosnia and Herzegovina Industrial Output Falls at Slower Pace
    2025-04-25 14:59:08
    Bosnia Inflation Rate Eases to 3-Month Low
    2025-04-25 14:59:08
    Bosnia and Herzegovina Producer Inflation Eases
    2025-04-25 14:59:08
    Iceland Producer Inflation Slows in March
    2025-04-25 14:59:08
    Zimbabwe CPI Index Rebounds in April
    2025-04-25 14:59:08
    Slovenia's Tourist Arrivals Drops 9.5% in March
    2025-04-25 14:59:08
    Hong Kong Business Morale Improves Marginally
  • 2025-04-25 14:59:08
    Hang Seng Rises 2.7% This Week
    2025-04-25 14:59:08
    UK Stocks Cautiously Higher
    2025-04-25 14:59:08
    Silver Pulls Back as Stronger Dollar Weighs on Metals
    2025-04-25 14:59:08
    DAX Advances for 4th Day
    2025-04-25 14:59:08
    European Stocks Extend Gains
    2025-04-25 14:59:08
    Thailand's Foreign Reserves Climb to New Heights: A Sign of Economic Resilience
    2025-04-25 14:59:08
    Thai-US Dollar Swap Dips Slightly, Signals New Financial Dynamics
    2025-04-25 14:59:08
    China Stocks End Week Higher on Tariff Relief
    2025-04-25 14:59:08
    France Business Climate Remains Gloomy
    2025-04-25 14:59:08
    France Consumer Confidence Hits 11-Month High
  • 2025-04-25 14:59:08
    Hungary Jobless Rate Drops to 4.3% in January-March
    2025-04-25 14:59:08
    French Business Confidence Bounces Back in April with Index at 99
    2025-04-25 14:59:08
    Copper Slips as Dollar Strengthens
    2025-04-25 14:59:08
    Hungary's Unemployment Rate Shows Slight Improvement in March
    2025-04-25 14:59:08
    Offshore Yuan Steady on PBOC Assurances, Trade Optimism
    2025-04-25 14:59:08
    UK Retail Sales Unexpectedly Rise
    2025-04-25 14:59:08
    UK Core Retail Sales Rise in March, Hitting 3.3%
    2025-04-25 14:59:08
    UK Core Retail Sales Growth Slows to 0.5% in March as Economic Momentum Eases
    2025-04-25 14:59:08
    UK Retail Sales Edge Up to 2.6% in March, Indicating Growth Momentum
    2025-04-25 14:59:08
    UK Retail Sales Experience Slowdown in March 2025
  • 2025-04-25 14:59:08
    India Stocks Fall, But Head for 2nd Weekly Gains
    2025-04-25 14:59:08
    Gold Slips as China Considers US Tariff Halt
    2025-04-25 14:59:08
    European Stocks Set to Open Higher on Trade Hopes
    2025-04-25 14:59:08
    China Mulls Tariff Exemptions on U.S. Goods Amid Trade Disputes
    2025-04-25 14:59:08
    Singapore Manufacturing Output Growth Below Estimates
    2025-04-25 14:59:08
    Singapore's Industrial Production Surges to 5.8% in March 2025
    2025-04-25 14:59:08
    Singapore's Industrial Production Continues to Dip in March, Signals Economic Challenges Ahead
    2025-04-25 14:59:08
    Malaysia Leading Index Drops Slightly
    2025-04-25 14:59:08
    PBoC Chief Reaffirms Supportive Policy, Warns of Trade Tensions
    2025-04-25 14:59:08
    Palm Oil Set to Finish Week on Upbeat Note
  • 2025-04-25 14:59:08
    Canadian Retail Sales Bounce Back in March, Surpassing Expectations
    2025-04-25 14:59:08
    Canadian Manufacturing Sales Slump by 1.9% in March
    2025-04-25 14:59:08
    Canada's Core Retail Sales Surge in February, Outpacing January's Muted Growth
    2025-04-25 14:59:08
    US Futures Point to Lower Open
    2025-04-25 14:59:08
    April's Mid-Month CPI Shows an Uptick to 5.49% in Brazil
    2025-04-25 14:59:08
    Brazil's Mid-Month CPI Sees Significant Slowdown in April
    2025-04-25 14:59:08
    Mexico's Economic Activity Faces Further Decline in February
    2025-04-25 14:59:08
    Mexico's Economic Activity Bounces Back in February with a 1.00% Growth
    2025-04-25 14:59:08
    India's Forex Reserves Surpass $686 Billion Mark in Latest Update
    2025-04-25 14:59:08
    Turkey's Forex Reserves Show Decline with April Figures Falling to $64.30B
এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.