February 13, 2019 08:32: Australian Dollar / Japanese Yen and Australian Dollar / US Dollar trade strategy [From Mr. Tetsu Emori's newsletter]
From the investment newsletter "Real Trading Strategy" by Satoshi Emori, provided by GogoJungle, here is a small portion from this morning's edition. This time, please review the trading strategies for AUD/JPY and AUD/USD.
AUDJPY is winding down shorts and taking a new long position. 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 remains 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 “Satoshi Emori’s Real Trading Strategy” (Satoshi Emori)quoted.
European currencies such as the euro and the pound had been selling off, but now seem to be retracing. This week the United States has important economic indicators due for release, and depending on the content there is a potential for large fluctuations, so caution is advised. (Editorial staff)
