February 6, 2019 08:19: Australian Dollar / Japanese Yen and Australian Dollar / US Dollar trading strategy [From Tetsu EMORI’s newsletter]
From the real trading strategy newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small portion from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY remains long. The long-term trend is 84.15 yen. The 2019 bearish scenario range is 67.63–79.23 yen, with year-end at 69.96 yen. The February bearish scenario range is 74.25–78.66 yen.
AUD/USD is newly set to short. The long-term trend is 0.7615 dollars. The 2019 bearish scenario range is 0.6371–0.7200 dollars, with year-end at 0.6504 dollars. The February bearish scenario range is 0.6832–0.7122 dollars.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
While U.S. stock gains and the resulting rise in U.S. interest rates have made the dollar attractive, the Reserve Bank of Australia (RBA) kept rates unchanged, and the AUD appears to have risen against the dollar. (Editorial staff)
