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NZDJPY - the pair that should be taken into consideration by any trader

1. What drives the pair?
One of the important fundamental factors driving the pair is safe haven versus yield search. We must remember though, that New Zealand is not a high risk country! This is why we can see NZDJPY going up sometimes in spite of JPY currency index going up too. Both countries are 'far' from the rest of the world and both are 'isolated' as they are 100% insular. Although initial reactions to events like Brexit make JPY or CHF appreciate against everything, after the fi…
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USDCHF parity

The long time perspective proves that after a big retracement the pair likes to oscillate near 1.0 and rebounce down after it goes over the parity level. I do not see any reasons for that lack of trend to change much until december. My forecast is that the pair will range between 0.99 and 1.01 level for the whole month. Fundamentally, no rate hike on USD is to happen on november and judging from FOMC speeches even december hike is now questionable (although I believe the market will price in 50…
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anashape avatar
anashape 23 Oct.

good job!

TInna avatar
TInna 23 Oct.

wery well!

VictoriaVika avatar

Good article!

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Deutsche Bank not bankrupt

There is a lot of emotion right now when it comes to DBK shares. And also this will surely be the main topic to watch all the way through this trading week. As stated by the AFP report, the 14bn $ penalty could be lowered by about 2/3 (even to 5.4bn $), changing the situation drastically.
The miss-seling fine was to be equal to 14bn $, which was to be highest amongst banks. Due to the bankrupcy risk, as many experts stated, Deutsche Bank AG was at its record historical lows. In my opinion, bankr…
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TInna avatar
TInna 11 Oct.

Very good!!)

anashape avatar
anashape 20 Oct.

well done!

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Yuliya_N 21 Oct.

It is nice article !

Yuliya_N avatar
Yuliya_N 21 Oct.

Good luck

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Interesting correlations after Brexit vote

Everyone already knows about GBP becoming a risky currency right now. What became not that obvious is how EURUSD follows USDJPY moves:
Without any extra sketching we can see EUR depreciation against USD comes with JPY strenghtening. If we look further to the past the correlation started from right about Brexit. Beforehand, it was totaly different - USD appreciation against JPY meant same against EUR. How about trading long USDJPY and short EURUSD same time? Losing on one gives at least partial …
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ForexSecrets avatar

Do you have any idea what line BoJ won't allow USDJPY to cross ? How far are they willing to let it fall ?  They usually have a Price Mark ......

arjaq avatar
arjaq 7 July

I've heard about 100 and 75 lines. When will they actually intervene is a good question as the distance between 75 and 100 is quite huge.

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My first contest here

Started my first Dukascopy trading contest right now. The main strategy for first 1-2 weeks will be 'milking the Brexit', no suprise in that .
Later on I will try daytrade with some carry positions - tactics that always prove to provide the most consistent income.
My main goal stays as usual on my FX contests - keep the acc running and be profitable.
My predictions are:
  1. GBP depreciates if Brexit issue advances
  2. GBP rebounces fast if British resign from Brexit anyhow
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verindur avatar
verindur 3 July

Too much info to digest. ))

arjaq avatar
arjaq 3 July

I trade with news on (Bloomberg), data feed on other window and consider any pair that is relevant for trade at the given moment. It took me over 250k transactions through over a year to learn doing that efficiently, yet it is worth it I'd say. Also still = lot of space to improve on that method.

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GBP/USD Intraday 25/05/16

The pound develops an incredible performance, higher than most peers. Surpassing the LTA governing negotiations since February 2016, volatility ahead to speeches fifth and sixth lead the GBP / USD to a value that exceeds the weekly resistance and approaches the monthly R1. The market apparently already positioned. The main operation is from 19 to purchase, currently at 360 pips. The lock operation should take place soon, bought at the minimum of the month and sold near the maximum. The high gree…
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Short Setup on EURAUD - H&S Pattern & Channel Break

A decent setup to start out the week on EURAUD. The pair has already broken out of a Head and Shoulders pattern on the 4H, as well we have recently seen a downside channel break.
What adds further conviction to the trade, is that the AUDUSD also has an Inverted H&S at play at the same time.
Currently we see the price retesting the Neckline - a good area for a low risk attempt at the short side.
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VALTRAD avatar
VALTRAD 1 Feb.

Во вторник заседание РБА, значит вероятно укрепление AUD после публикации стейтмента

ForexSpeaker avatar

interested trading idea
keep going

ForexSpeaker avatar

the ichimoku also support it .

Jignesh avatar
Jignesh 1 Feb.

Thanks ForexSpeaker - Looks like the Tenken is holding the 4H and Cloud has started to turn.  Appreciate it!

Jignesh avatar
Jignesh 1 Feb.

Thanks VALTRAD about the reminder of the RBA Meeting.  I expect Stevens to sound upbeat.  In the last meeting he hinted that they are leaning on the FED to raise rates, now that it has happened I would expect the statement to increase the tone of hawkishness even further.

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EURUSD Back to it's Daily Trendline

EURUSD has come back to test it's daily trendline.
I was not actually aware of this trendline until I noticed a Trade Idea of the main Dukascopy Site that pointed it out. A lot of great information, and analysis. If you haven't seen it check it out. Here is the link Dukascopy Trading Ideas EURUSD
EURUSD Daily Facing Daily Trendline

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AUD/USD Bearish Engulfing - 25.06.2014

We have bearish engulfing on AUDUSD. As I'm a mid-term trader I open short positions here and I hope that the price will fall to key support near 92.10.
I also have a long position on USDCAD opened @ 1.0720 (falling knife) :-)
And finally my AUDNZD trade started it's move in right direction so there is a chance that I finish without a loose trade
P.S. I have found new rules
1. Do not loose money
2. Remember rule 1!
I hope that volatility will come back sonner then later and I’d share wit…
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