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Looking to trade at market open tonight

I will be looking for an interesting trade tonight at market open
The UsdJpy move back above 1.10 last week is a bullish sign
I might invest in a Usd long
Eur has retraced a bit and looks like a reasonable buy from current levels
but I do not see against which currency to buy it ..
EurGbp is too high, EurUsd could stay flat, and EurAud and EurNzd look high too
We shall see at what levels market opens
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Planning EUR longs

I am planning my strategy for market open today
Eur longs look good to me
EurUsd has retraced back towards support level above 1.05 area
I will be looking for a rise there
I may go long Eur cross too, but I am still thinking which pair to trade
Nzd seems weak, and Aud seems too high - so EurNzd or EurAud is a possibility
Also EurJpy could be interesting, if UsdJpy starts to rise again
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USD my focus this coming month

In this month's contest I will focus on USD
UsdJpy has held its ground above 100,
and as the BOJ threathens to intervene below 100, traders are long for now
Technical analysis still points down on this pair, though
and a channel down is still intact unless UsdJpy breaks above 102
I will be looking to buy just above 100 and above 102 this month
gl all
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Taking out JPY shorts

I'm taking out/closing my Jpy shorts today, it has been a good retracement
and I made about 200 pips on four pairs shorting them against Japanese Yen:
Usd/Jpy, Gbp/Jpy, Eur/Jpy, and Aud/Jpy
There was talk of a pullback against Yen technically - first - I tried to sell at the highs on monday, then last night/this morning
there was talk of squaring of yen positioning at year's end which involved yen buying against the majors
so I guess I was lucky - and I will get out while I am ahead
There will p…
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geula4x avatar
geula4x 11 déc

+1 Liked: Nice trades! IMHO JPY strength will also depend on the overall market sentiment at end-of-year. Happy trading and good luck! :-)

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AUD:JPY back up to 105

I believe that Aud will find a way back up against other major pairs in september, after falling hundreds of pips the last few monthsand one of the pairs offers technical strong support to that theory: Aud:JpyAs we can see on the weekly chart an upward channel has been broken and the start of that channel to the top of the price shows us a Fibonnacci retracement of 61.8%where the pair has now bounced -- this indicates retracement and further upward moveOn the daily chart we can see that MACD has…
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annatimone avatar
annatimone 15 juillet

Interesting. And what do you think about Brazilian Real?

s_amira avatar
s_amira 1 aou

Good analisis

AdamFx42 avatar

I'm sorry, annatimone - I don't do the real (don't even have the chart..)
Anyway - we are still at a cliffhanger here - August will have to show whether pair goes up some more - which will imply the coorporation of strong USD against JPY, or down

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