THE CURRENCY TRADER’S BLOG

 

 

EURJPY – Is there a possible long term play here…..

A possible Long-Term setup Trade would be the EURJPY. So let us look at the weekly chart (posted below) You will notice on the hard right edge Price has managed to breakout higher after a consolidation period in excess of 3 months. We have all the requirements to back up the upside narrative. Indicators doing their bit too. Let’s look at what we do have:

 

 

So risk exposure wise – more pros, fewer negatives. Where is there a possible target? Well, the 2021 high back in May would be one possible

 

 




Risk Appetite back in favour ??

New week – new opportunities.
⚠️ RISK APPETITE ( looking at the chart posted below) seems to be back in effect. Yen crosses seem to be performing best, as the yields are far better. Thus CARRY Trades look favourable.

(more…)




Forex Video analysis Thursday 7th March 2019

Good Morning Traders,

Here todays economic stats

 

 

CADJPY

GBPAUD

GBPCHF

NZDCAD

USDCAD

 




Powered by WishList Member - Membership Software