firstcall777

UJ in a continued downtrend

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FX:USDJPY   Đô la Mỹ / Yên Nhật
Quarter Theory has changed the way I perceive the market. As you can see there are quarter points shown. If UJ will close and respect below 110 it will try for 107.50. However we are approaching NFP. Historically for the last several years all August numbers have come out below projection. The USD is in trouble as it settles and is unable to break a critical level of 93 on the DXY to the upside. If NFP is unfavorable for the Dollar we may see a sharp decline in the DXY and all USDXXX will drop and all XXXUSD will rise. I read several articles published by the major banks in May stating they were increasing their holdings in the Yen as a hedge against the falling DXY and strength of the USD. THIS COULD BE THE BEGINNING OF THE BIG BIG SHORT. Stay tuned and keep an eye on the US Dollar and the stock futures, as a sharp decline in dollar value could lead to sharp declines in the major stock markets as well. DXY might stall and retrace and consolidate after this NFP depending on the severity of actual figures hit the screen. Eyes open traders, and profit from the, what I would call an engineered bubble, to pop and give us 9 months of big money. Just a hunch, nevertheless, a hunch based off market structure, the rise and fall of the Trump hysteria ( we are below pre election levels on the DXY and many pairings.... have not analyzed them all ) and the history of the DXY back to 1986. - Cousin Williams, Disclaimer..... I am not a licensed broker and these are just opinions, this is not a call or a signal.
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