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JPYUSD

Weekly Perspective (USDJPY),(JPYUSD)Hey Guys, The pair is Inside the corrective structure & a short term upside move is possible I will be updating this pair on the smaller time frame so that you guys can see that it is forming a trend continuation pattern which is the ABC corrective structure & that move will complete its corrective structure & we may see a strong impulse wave to the downside.Very Much short term trade to the upside on trade that if you have a strategy or wait for more confirmation to enter short. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Short
by GrowingForex
Currencies - A tour of the weeklysAUDUSD ADX: Signaled price consolidation starting week of 3/27/2017 DMI: The week of 01/09/2017 a buy trigger was set at .7493. For the next 15 weeks, this line held price. However, on 04/03/2017 a sell trigger was set at .7501. Although price has closed below this line since then, it has still been held in check bu a non-trending ADX below 20. TRIX: Below 0 a bearish signal but is now up over the 10 period HMA and trending up. This has set a new secondary resistance line at .7456 Bottom Line : For long term trade, stand aside until price consolidation breaks out CADUSD ADX: Since July of last year, ADX has been below 20 and drifting signaling price consolidation. To-date, the best pattern loos like a channel DMI: -DI is currently dominate but +DI is close to challenging. TRIX: Has crossed up over the 10P HMA setting up secondary resistance line at .7395. Although the TRIX is below 0, both are trending up and price has closed and held above .7395 for past 2 weeks. Bottom Line : Watch for a buy trigger generated by DMI. If price closed up this week, then it would be a buying opportunity GBPUSD HMA on price (21 and 45 period) are both trending up DMI: is signaling an up trend. A buy trigger was set week of 3/20/2017. 3 weeks later, price closed above this line and has held TRIX: Moved above 0 with DMI buy trigger. Most recently, it set a secondary support line at 1.2867. Bottom Line : Look for support at 1.2472 before next leg up begins. Use the TRIX to act as the trigger (TRIX crosses up over HMA with price follow through) JPYUSD ADX: Below 20 signaling price consolidation in the area of the box DMI: A buy trigger occurred on 5/15/2017 at .8991. However, with ADX below 0, no action should be taken until the consolidation pattern is identified and breakout direction is determined. Bottom Line : A close above .9603 and hold with TRIX continuing up would signal a buying opportunity.
by mxb1961
Gold outperforms the Yen in 2017The central banks essentially have unlimited power to prop up the stock and bond markets. In the past, Stanley Druckenmiller found that the loss of liquidity caused stock market crashes. The central banks learned from this and just keep injecting more liquidity to prop up the markets in the face of insurmountable debt loads. The Bank of Japan buys both bonds (quantitative easing = QE) and stocks. The European Central Bank buys bonds. The US has stopped buying bonds for now. Not only are the bonds and stocks in a bubble, the central bank balance sheets are also in a bubble. Mr. Druckenmiller sold all of his gold the night of president Trump's election in November, 2016, and reentered gold in February, 2017 (source Forbes). Many economists and traders predict inflation (gold rising) while Harry Dent predicts deflation (everything falling including gold). I am long GDX.
TVC:GOLDLong
by haug01