Check the broken triangle ( possible flag ) price looks like its making a pullback around 1,22-1,25 and then a stronger fall for a minimun price at 1,00 If you analyse fundamentally USA will give a break to DXY nad USDOLLAR not hiking rates this year but next year could be the beggining of EU plunge. CHECK THE COMMENTS and hope it helps
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UJ touching upper line of the channel with USD overbought and JPY oversold this is a potential trade for med and long term. Remember that USA wont hike rates soon, possible 2016 that will give a breath to dxy and usdollar uptrend. Also BOJ said that JPY is too cheap and weak, for this reazon a raise of interest rates soon will no be a surprise, Let uj make a ...
Please check this stronger channel, could hold on. A great price for short is 1,65 and sl at 1,66-1,665 tp 1 1,60 tp2 1,58 stronger support at this price. if break up this channel proce could go up over 1,70, but nzd pairs are looking a reversal, but EURO coud be stronger because EUROGRUP are looking for strategies to apreciate the currency even if GREECE go away. ...
Historical channel show us that gj should go up a little more for one of the best shorts of the year.Fundamentally BOJ said that jpy is too cheap. long term tp 185; tp2 180 and tp3 170 (0,382 fib)
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PLEASE CHECK THE COMMENT
DXY and USDOLLAR are getting weak. Also, we are almost touching the lower part of the channel. SHOULD GO UP at least 0,85 the upper line of the downtrend channel.And check, its an excellent demand zone (rectangle)
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Keep in mind that EU has not the strength to break this donwtrend yet and QE and economy policy will be the same for a long time till EURO ZONE could improve most of the economic data, especially CPI.
Have a good trade.