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Currencytrading

Long Term Outlook Yen Feb 14 2018The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices correlation to the value of Yen. I see these upcoming meetings smoothing out the exchange rate long term. As there won't be any negative correlation between Japanese stocks and the value of the Yen. And instead will proceed to the usual industrial orders months later.
Short
by baronbloe
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews. 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through. Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
BITSTAMP:BTCUSDLong
by kewanhedgefund
2
Looking to short NZDJPY on ABCD patternNew Zealand new Prime Minister Labour Party Ardern is implementing new policies such as reducing immigrants can affect the economic growth. Also lack of details in RBNZ cause uncertainty about future monetary policy outlook. So I am bearish on NZD From the chart, market is actually moving side way (200ema is flat). However, since the election, NZD has dropped significantly and price is below 200ema. There is a downward bounce (ABCD) formation. I am looking for pullback and short at previous low. Reward to risk for this analysis is 5 : 1
Short
by hzs
Looking to Long EURAUD at Fibo Retracement 61.8Euro dropped last week due to ECB extension of bond purchasing and Spain-Catalonia political uncertainties. Nevertheless, Aussie also dived significantly last week due to weak inflation data. Based on technical analysis, EURAUD is testing the impulse leg fibo R 61.8. Currently the market is in range and is waiting for more signal to dive lower or reverse. If on H1 it breaks and closed above 1.5137 I will looking for long opportunity, and if it breaks and closed below the 61.8 level, this analysis will be invalid. The reward to risk for this is 4:1
Long
by hzs
BTC from an Institutional perspective part 2.This is a follow up of my previous idea. Now we will take a look at the current volume pattern in BTC on the same time frame. For my idea to be proven right, I will need to see an influx of selling coupled with this low buy volume. The past 150 points on BTC has been driven by very little buying as we are seeing a sustained trend that is more like an equity than a crypto. We shall see if this is just it being bid up before sold off. Unfortunately I do not have a portfolio manager who will listen to be and execute this. Stupid Volcker act amiright? This security is definitely tradeable, unfortunately it lacks the transparency and regulation to be mainstream, but the qualities exist to make it worth looking at. I am always interested in hearing the perspective of other traders and analysts.
BITSTAMP:BTCUSD
by MetroBoomin
Bitcoin trends from an Institutional perspective.Watch the previous obliterations of BTCUSD pricem which I have noted on the chart. A 10% drop and a 30% drop. Now correct me if I am wrong but these were more event driven than anything as the wonderful market manipulator (Chinese government) came out and made disparaging remarks about Bitcoin (wonder how much insider shorting or selling happened). They threatened to close exchanges and not allow crypto to be used in startup company investing. Now.....put all that aside, and crypto traders. Put aside your charting tools. Take note of the orange lines I have market on the chart where volume completely disappears. Gains on no volume always tell me to get ready to hit the sell button or tell the algo to ;) or go ahead with a short. Both precipitous drops were preceded by this trend in volume which is common across all tradeable asset classes. (another reason to accept crypto? it is just like the rest of the securities lol) Btw can people help me get to this 50 reputation points thing? I thought I had a reputation when I logged on here hahaha. Thanks.
BITSTAMP:BTCUSDShort
by MetroBoomin