Ashraf, beside technical reason...some fundamentals that prompt me to think about 95 yen are, I dont think that Yen is going to use as risk aversion asset as US has lower interest rate( I get this piece from Seeking alpha) .And just take a look at the chart, when Euro is advancing against Dollar at a same or lesser pace Yen also following the game, so now if Dollar is really gonna retaliate majors then may be some how Yen will depreciate. Even IMM OIs showed that speculators are at record long Yen holders, so may be some contrarian point of view we can expect some wild shakeout.
Ashraf, just after the market open I am load myself with buy orders in USDJPY...average around 9028. I am now bit bullish in Dollar Index.I am eagerly waiting to know your view.Is it bit unrealistic to think that Yen is heading for 9500 level? Regards, Rajib.
Ashraf, just a technical point....dollar index and macd is in huge positive divergence. And DX took a exact support near 7630. so can we expect a good bounce back in dollar index which may weaken japs yen against Dollar? Regards, Rajib.
Ashraf, I initiated my short in EUroUSD at 1.4586....what do you think about the pair?I know you are bullish on the pair but i am just talking about short term idea. Regards, Rajib.
Ashraf, one more thing, Dollar Index showing positive divergence with MACD (daily chart), the trendline support is there at 76.30 level (spt).Can you expect a broad rally in DX?
From my point of view I can say, Natural Gas is always good at 2.6-2.5 level. In weekly and monthly chart there is a long term trendline support near that zone (from way back to 1994).So technical bounce is much possible from that zone.But sorry, I dont have any fundamental backing for this technical reason. regards, Rajib.
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موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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beside technical reason...some fundamentals that prompt me to think about 95 yen are, I dont think that Yen is going to use as risk aversion asset as US has lower interest rate( I get this piece from Seeking alpha) .And just take a look at the chart, when Euro is advancing against Dollar at a same or lesser pace Yen also following the game, so now if Dollar is really gonna retaliate majors then may be some how Yen will depreciate. Even IMM OIs showed that speculators are at record long Yen holders, so may be some contrarian point of view we can expect some wild shakeout.
Regards,
Rajib.
just after the market open I am load myself with buy orders in USDJPY...average around 9028. I am now bit bullish in Dollar Index.I am eagerly waiting to know your view.Is it bit unrealistic to think that Yen is heading for 9500 level?
Regards,
Rajib.
just a technical point....dollar index and macd is in huge positive divergence. And DX took a exact support near 7630. so can we expect a good bounce back in dollar index which may weaken japs yen against Dollar?
Regards,
Rajib.
I just squared off my USDJPY short and initiated new long on the pair at 9080.will it turn to be a good trade?
regards,
rajib.
I initiated my short in EUroUSD at 1.4586....what do you think about the pair?I know you are bullish on the pair but i am just talking about short term idea.
Regards,
Rajib.
one more thing, Dollar Index showing positive divergence with MACD (daily chart), the trendline support is there at 76.30 level (spt).Can you expect a broad rally in DX?
I just initiated my short AUDUSD 0.8616 (Spt). What do you think about AUDUSD...
Regards,
Rajib.
regards,
Rajib.
just now initiated my EUROUSD short position at 1.4250.IS it the right value or right time to enter short?
Regards,
Rajib.
I just shorted EUROJPY at 137.30,even short NZDJPY at 6517.Your comments will give me confidence...
regards,
Rajib.