USD index

Cswim63 said:
I'm out of USD Jpy now. Still holding Euro short. Stop at 10756
More...

EURO will report its inflation rate next week.
Given the current forecasated info and holding every other things constant, the mean EURUSD is 1.0749
If it depreciates below this level, better either bring down the stop or take the profit
 
I'm out. I'll wait till this trading range is broken either way. Just getting chopped up trying to chase momentum, then it disappears.
 
USD/Jpy all of a sudden not going down. I tried to short it on the last bounce to the 113.40 area. When it didn't move down I got out. I have that as a key area 113.35 to .40. It certainly looked as though the pair would keep falling below 113.10. Now watching Euro, Aud, GBP for failure. Gold staying below 1200. Can't reconcile weak gold with a weak dollar.
 
Euro looking like it's definitely aiming for a res level or a number now weak churning hh's I'd say an exhaustive move is close, US unemployment claims coming up.
 
Cswim63 said:
USD/Jpy all of a sudden not going down. I tried to short it on the last bounce to the 113.40 area. When it didn't move down I got out. I have that as a key area 113.35 to .40. .
More...

This wasn't expected but I did notice that the currency pair failed to cross 113 twice before it changed its direction on 30 minute time frame. When Dow Jones crossed its crucial resistance level of 20,000 for the first time in its history of over 100 years, investors all of sudden appear to want to invest in US stock market , resulting in excess cash inflow to US market, causing US dollar to appreciate ... that's what I think what happened
 
Last edited:
Have shorted USDJPY, EURJPY, GBPJPY and AUDJPY upon Japan's inflation rate release.
JPY to strengthen for now because when I checked the calendar, there was nothing in its way. So until there is any other important macro news or Trump's surprise comment, I anticipate Yen to strengthen.

I also have checked my volatility indicator, - uptrend (strengthening in US dollar) has stopped for now.
 
victorycountry said:
Have shorted USDJPY, EURJPY, GBPJPY and AUDJPY upon Japan's inflation rate release.
JPY to strengthen for now because when I checked the calendar, there was nothing in its way. So until there is any other important macro news or Trump's surprise comment, I anticipate Yen to strengthen.

I also have checked my volatility indicator, - uptrend (strengthening in US dollar) has stopped for now.
More...

Obviously a longer tf trade ?
 
Piptaker said:
Obviously a longer tf trade ?
More...

I got stopped out. I was wrong about Japan's economy. They are in recession and has been in the situation for long time now. Yesterday Japan reported foreign investment in Japan. It was substantially negative which means both domestic and foreign investors are withdrawing their money in Japan and invest them in else where. Even though today's inflation report was positive, it did not surprise investors .

I completely ignored the fundemental side...and only focused on thr calculation. That was completely my fault.
The recent t depreciation in USDJPY was caused US dollar, ... Yen didnot strengthen at all.

It's definitely long now for USDJPY.

I bet it will appreciate to 126 level in the near future. And yes, I will soon initiate long term long positions at the right time
 
Last edited:
You must log in or register to reply here.
Back
Top