Repeat-style trading results for one week (December 8–14)

Hello, this is Kawa-chan.
Repeat-type EARange Hunteris operating in the range zone.Both the Australian dollar, New Zealand dollar, and Canadian dollar are in a range market.I think this will continue for a while.However, I’m a bit cautious about the risk-off franc buying.

In particular, if the United Kingdom’s withdrawal from the EU is“no-deal Brexit”then the franc is expected to strengthen for a while.However, at that time the euro/franc would drop, soSNB (Swiss National Bank) would be cautious about the franc strengtheningSNB (Swiss National Bank) would be cautious about the franc strengtheningas well.There may also be small-scale intervention in the forex market, so the downside may be limited.

From this week, it will be year-end trading, and European and American players will be on holidays or in a holiday mood.Be aware that the sense of the New Year is a little different between Japanese and Westerners.In Christian-majority countries, Christmas is like our New Year in Japan.Therefore, this week we’ll work up to around this week, and from next week around January 1 there will be a holiday period. When the forex market opens on January 2, it will be business as usual in terms of volatility.From January 2, I think the market will move with normal volatility.

In future articles, I’d like to look back on this year.

This was Kawa-chan.

This week’s profit and loss: ¥64,323 (calculated at 1 USD = 110 JPY)