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USD/JPY Strength and Weakness in the EURO

TheAnalyst Posted 9 Mag  in #Trader's blog #USD/JPY #USD/CAD #EUR/USD #EUR/GBP
We entered three new trades today. The first one, a LONG position in USD/JPY closed within hours as the pair broke to new highs based on general strength.
The other trades were a SHORT in the EUR/USD and a SHORT in USD/CAD. The USD/CAD is a bit more risky so first we used a small position and second a small profit target at 1.3620. We believe the EUR/USD is going to finally correct after its continuous rise the past couple of weeks, hence a large position and a bigger profit target. Nevertheless…
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Dollar Strength Against CAD

TheAnalyst Posted 14 Set as Analysis on USD/CAD, Target: 1.3679, Date: 2 di Novembre, 12:00 GMT  in #Technical analysis #USD/CAD
Overall outlook: the dollar seems to keep strenghtening against commodity currencies. On top of that, CAD data haven't been good for a while now, while US data although mixed, seem to be on the encouraging side.
Chart 1: A break out has already occured in the pair, moving above the channel and higher than the previous high. An attempted correction also seems to have taken place, which diminishes the chances of a false break. Chart 2: the Resistance level at 1.25 has been broken indicating a stro…
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