Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TradeCuts

Yen Series...

Recommended Posts

Hi Everybody,

Starting today until Friday we bring for you one new Yen pair everyday. Each day we will update the previous day's pair. For today, its technical analysis on Eur/Jpy.

So all you Yen lovers... stay tuned !!

Yours Technically

TradeCuts.

 

P.S: I will be posting a new pair under this thread each day.

5aa711cdca503_eurjpy19mar.jpg.1768f4f7804ff1d3cb71b1dd41059d43.jpg

Share this post


Link to post
Share on other sites

After yesterdays success with the Eur/Jpy pair where both our Take Profits were hit giving us +150 pips,the Yen pair for today is the Aussie-Yen.

The overall out look is for a stronger Yen.

Best

TradeCuts

5aa711cea6dfc_audjpy20mar.jpg.f86122d21189b492379f2380ac8cb29c.jpg

Share this post


Link to post
Share on other sites

The dollar pushed higher against the yen on Wednesday as market sentiment was supported by hopes that a solution on a bailout deal for Cyprus would be found. Aussie-Yen didn't do very well yesterday and hit our stop loss giving us around 65-70 pips loss.

Todays Yen pair is GBP/JPY and technical analysis says outlook is a neutral to strong yen.

If you take this trade let us know how it works out for you.

Yours Technically,

TradeCuts.

5aa711cf55561_gbpjpy21mar.jpg.5a4657b2131e58fd01b78b5cefb5c260.jpg

Share this post


Link to post
Share on other sites

Yens kept their Bullish outlook but are losing momentum as corrective move remains pending. At current price JPY pairs are expected to go for correction. For Intraday traders keep your Shorts Short .

Detailed technical outlook on Eur/Jpy shown in the chart below.

Best

TradeCuts

5aa711d89e099_eurjpy12thap.jpg.add991fbda2fb99378e66499c1f46a57.jpg

Share this post


Link to post
Share on other sites

Yen pairs remained sideways as they tested near by support and resistance and kept within range. Current price action is at strong support in most pairs, expect JPYs pairs to mostly stay in range with bias towards weak Yen.

Our outlook for Aud/Jpy is Long & A look at the detailed technical chart.

5aa711da7a135_audjpy19thap.jpg.2dc4dddf141dbb1b8dd742bc124499f6.jpg

Share this post


Link to post
Share on other sites

Quoting from Bloomberg.com " Interest rate swaps are signaling the Bank of Japan will lag far behind the Federal Reserve in ending record stimulus, adding pressure on the yen to weaken." Some of the valid points mentioned in the article are:

 

**The slide in borrowing costs shows investors are confident BOJ Governor Haruhiko Kuroda will maintain record stimulus even as the Bank for International Settlements warns global monetary authorities to avoid delaying an exit from emergency policies.

**“Exit in Japan is far, far away,” Yusuke Ikawa, a rates strategist in Tokyo at UBS AG, said.

At TradeCuts, we keep a keen eye on all these developments along with a strong look on technical analysis. As of now, we have two trades open in the YEN pairs: CAD/JPY and CHF/JPY. Here's a look at the trades which are entered with stop loss and take profit in place. Trailing stop loss is used to lock in profits.

5aa7122aeb576_Cadjpy30thjune.jpg.bea600987070d8be14cf3f25870d0697.jpg

5aa7122b627f4_chfjpy27thjune.jpg.ef049e356a861934c275cf288bca8cb0.jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Is the ZuluTrade App really secure? I read it gathers your personal info to be sold to data brokers.
    • Are you a gold trader? Are you planning to invest in gold? Are you looking to make profits from gold trading? If yes then get all profitable gold trading signals and strategies for 2019 - https://www.mmfsolutions.sg/services/xau-usd-signals
    • First, we need diligence to successfully implement any financial plan. In the example above, those with livestock are advised to carefully monitor the state and condition of their animals. If an animal becomes ill, it needs special care. Insufficient food or water for livestock requires immediate attention. A farmer with herds must look after his animals if they are to survive and the household is to prosper. How does this apply to those of us who aren’t farmers or ranchers? The fundamental lesson is that we cannot expect financial success by simply devising a plan and then blissfully ignoring the factors that affect it. Instead, we must know where, how and why we spend our money and what is happening with our assets. If we ignore this principle of diligently monitoring our finances, we will find ourselves making poor decisions and spending money we don’t have.
    • I have been working with automated charts for about ten years now, with TradeStation's EasyLanguage.  I don't do the programming, but I pay somoeone to do the work for me.  I have had well over one-hundred strategies created over the years, and several hundreds of different versions of the strategies.  I often trade live; the US equities market.   An old strange problem that I used to experience on rare occasions just re-surfaced today; when I am trading live, and the entry order does not show up on the chart at all (I always check both boxes for fully automated trading (no confirmation necessary).  When I click off the live trading, the trade suddenly appears where it should on the chart, but the live orders were not sent, so it obviously does me no good.  To make matters worse, the only time that this strange thing seems to happens is on the REALLY profitable trades!  I am using one-minute time frames, and my chart is set up for 10 days.  When I use this setting with backtesting, all of the trades show up.  If anyone could please help me with this very frustrating issue, you would be a "lifesaver"!  Thank you very much.
    • Looking to start making my own EAs, any good trading strategy platforms I could use? Little programming experience.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.