January 15, 2019 07:56: Australian dollar/yen and Australian dollar/U.S. dollar trading strategy [From Tetsu Emori's e-newsletter]
From the investment e-newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s release. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY is being left aside. We are looking for the timing to short. The long-term trend is at 84.15 yen. The 2019 bearish scenario range is 67.63–79.23 yen, with year-end at 69.96 yen. The January bearish scenario range is 75.18–79.23 yen.
AUD/USD is being left aside. We are looking for the timing 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 January bearish scenario range is 0.6867–0.7200 dollars.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
As investors have become more risk-averse, buying of the yen, which is considered a safe asset through overseas markets, seems to have taken the lead. The absence of major economic indicator releases also appears to be supporting the downside. (Editorial staff)
