Advice needed - Darko

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Darko.Laza81

Hi everybody - me again - here are the market news in short for the euro - dollar and yen:

EUR/USD

The dollar has traded very low, and fell against most of its peers. The EUR/USD pair fell 0.01 percent and traded at 1.3313.

USD/JPY

The yen made it to a third day of gains, something which hasn’t happened in almost two months. It increased 0.5 percent reaching 88.23 per dollars at 6:10 am London time. The 14 day relative strength index for the yen was 39 against the dollar. The pair lost 0.3 percent and traded at 88.45.


I have been chatting and been recommended to sell the dollar and buy yen - question is - why? And where do I go from there?


Thank you all
 
trend is your friend.. i'm trying to only counter trend trade on small time frames following larger trends.. its rather random remember
 
Quote from Darko.Laza81:

Hi everybody - me again - here are the market news in short for the euro - dollar and yen:

EUR/USD

The dollar has traded very low, and fell against most of its peers. The EUR/USD pair fell 0.01 percent and traded at 1.3313.

USD/JPY

The yen made it to a third day of gains, something which hasn’t happened in almost two months. It increased 0.5 percent reaching 88.23 per dollars at 6:10 am London time. The 14 day relative strength index for the yen was 39 against the dollar. The pair lost 0.3 percent and traded at 88.45.


I have been chatting and been recommended to sell the dollar and buy yen - question is - why? And where do I go from there?


Thank you all
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A word of advice. If you can not decide for yourself, don't trade. News and tips are a sure way to lose your money!
 
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