Dislikedi sold from around 109.7 to see if it will fall down stop 110.3 take profit, 108.5 maybeIgnored
Don't Worry Be Happy
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Dislikedi sold from around 109.7 to see if it will fall down stop 110.3 take profit, 108.5 maybeIgnored
DislikedWith tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...Ignored
DislikedWith tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...Ignored
Dislikedwill it stall out below 110 or move above? tempted to go long againIgnored
DislikedWith tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...Ignored
Disliked{quote} Are you sure high Oil prices are bad for USD? IMHO cutting supply increases prices, yes, which means countries require more dollar reserves to trade the commodity. In other words, demand for dollar should drive dollar up.Ignored
Disliked{quote} I have the same analysis. Except on the 4h I had the extension only hit 38.2 so im a bit weary at the moment... {image}Ignored
Dislikedwill it stall out below 110 or move above? tempted to go long againIgnored
Disliked{quote} I see some periods of correlation and some without correlation. Do you know the correlation index of oil and the currency for the sake of curiosity. Wouldnt you consider the dollar index a better example of correlation?Ignored