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OmarNAMOUCHI
Nov 17, 2018 10:09 PM

Long terme reversal on USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Hello Traders,

Currently the greenback is the strongest currency across the bord due to the consistant intrest rate hike by the United State Federal Reserve aka ( FED ) and due to the uncertainty in the market since the beginning of the year the greenback plays the role of safe haven wich made it over pricedin the market.
Strong fondamentale evidence point to fact that the FED will be soon neutral, Trump will be making a deal with china and the uncertnity between € zone and the UK due to the BREXIT divorce will be soon over.

I'm expecting AUD, NZD, CHF, GBP, CAD will reverse during 2019.

Trade with care ,

Best luck.

Comment

Comment

Unfortunately the fall on USDJPY was corrective and not agressive.
One more upmove to the upside is expected on $ paires.
Today we sow good data on the US economie, so new wave of $ buyers will come.

On 15min USDJPY & DXY are tryning to breakup.



Comment

Comments
saffronsamet
I was going to pull you up your fundamental argument that the fed is going to be neutral (possible now since the mixed week equities have had), trump doing a deal with china (not sure where you are getting that from is 90 noise - and I think he is going to waiting til january before slapping on the remaining 50 %), finally, the shit show has been going on so long do you think they are going to get over the differences they have been stuck on for 2 years in a spate of a week just because TB says so? how s she going to get it past the commons? so because of these reasons I gave this trade a miss and I started to write what I am writing when I got the idea mailed to me but sadly I was to drunk to finish it.... Agree with you on the dollar due to come down and the various implications.... thanks again for the ideas...
OmarNAMOUCHI
zalmaikhan
dont underestimate the power of dollar index
OmarNAMOUCHI
@zalmaikhan, Don't miss the opportunity.
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