November 27, 2018 08:21: Australian dollar/Japanese yen and Australian dollar/U.S. dollar trading strategies [from Tetsu Eriomo's newsletter]
From the investment e-newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori provided by GogoJungle, here is a small sample from this morning's issue. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will close out the short and establish a new long. The fair value is around 81.65 yen. The long-term trend is at 84.55 yen, and it remains in a downward trend.
AUD/USD will maintain the short. The fair value is 0.7170 dollars, currently somewhat cheap. The long-term trend is 0.7680 dollars, which is quite high.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
AUD/JPY is trading in the upper 81 yen range. Looking at the longer term, the downward trend seems likely to continue. (Editorial staff)
AUD/JPY, 1-hour chart.