WAITING TO SHORT THE DOLLAR. Short

FX:USDJPY1D

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 3, 2017 10:09 AM

JUST WAITING FOR MORE DAILY CONFIRMATION. THE MARKET IS SIDE-WAYS FOR NOW.

Comment

⋅ May 5, 2017 5:34 AM

if this continues, it will be an indication to short the dollar across most currencies

Comments

CleanBioEnergy

⋅ May 4, 2017 12:11 AM

Will this TREND affect the other PAIRS of this group? e.g. CADJPY, EURJPY, GBPJPY, CHFJPY, AUDJPY, NZDJPY

_AU79888_

⋅ May 4, 2017 9:19 AM

@CleanBioEnergy, I do believe that this, along with EURUSD, will have an effect on the overall movement of the dollar index DXY. They correlate somewhat, however, there is no reliable trend to base any truly accurate predictions upon. We just have to wait for a solid trend to set in stone. I will provide an update when I believe that is the case.

HACP

⋅ May 3, 2017 11:20 AM

Interesting describe, thx.