September 10, 2018 07:58: Australian Dollar / Japanese Yen, Australian Dollar / US Dollar trading strategy [From Mr. Satoshi Emori's newsletter]
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From Teppei Emori's investment e-newsletter "Teppei Emori's Real Trading Strategy" provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY is short on new positions. It’s at a fairly low level, but the price is making new lows. I will maintain it until it exceeds 79.55 yen. The long-term trend is centered around 85.00 yen, and until it exceeds this, we can consider the movement weak. The fair value is around 83.70 yen. If it does not exceed these levels, the upward movement will continue to be difficult.
AUD/USD is de-levered from long and taken short anew. It has broken down. It’s oversold, but I expect it to test the downside. The long-term trend is around 0.7700 dollars, which is quite high. The fair value is 0.7650 dollars, so it can be considered undervalued right now.
From “Teppei Emori's Real Trading Strategy” (Teppei Emori) quoted.
AUD/USD has broken below the previous low line (support line) and updated the new low. If it breaks 0.7100, there is a possibility of quickly moving to 0.7000. (Editorial staff)
AUD/USD, weekly chart.
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