Betting to Bounce off Downward from the Trend Line Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 26, 2014 7:18 AM

2002 to 2011: 2 yrs Bull --> 3 yrs Bear --> 2 yrs Bull -->4 yrs Bear -->3 yrs Bull --> ?starting by a 4 yrs Bear?

as long as the price does not break above the market psychological level of 110 for too long. The gravity of this pair will be pulling downward

USD (US Dollar)

Comments

BulletProof

⋅ Oct 27, 2014 4:33 PM

FOMC should take us to 110 easy

BondGirl.USGFX

⋅ Oct 30, 2014 7:14 PM

I guess that you are right! QE ending with interest rate to raise. But Japan is suffering from intentionally depreciating their currencies in order to boost economy, but they failed miserably. A lot of Japanese companies are hoping for a rate of 106 on USDJPY. What is your take on this?

Olu

⋅ Oct 26, 2014 11:14 PM

I like the idea and I am looking for 95. But 110 must not be taken out for the idea to be correct

ZarNegar

⋅ Oct 26, 2014 12:28 PM

As a possible

BondGirl.USGFX

⋅ Oct 30, 2014 7:11 PM

Thank you so much for this illustration.