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Nairaland Forum / Nairaland / General / Investment / Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial (617 Views)
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Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 6:49pm On Apr 28, 2020 |
Ive posted before about my thoughts on the USDJPY correlation with the S&P500 and I’ve been right for the most part Easy way to gauge it: USDJPY goes down, S&P goes up. Right now we’re at super critical support for the USDJPY at the 107 levels Because the USDJPY already dropped so much we can expect the S&P500 to have a run up today So those that trade the SPY or others in the stock market = full green market today If support is broken this might be the end of the bear market for the stock market and were looking at a full blow bull market again for awhile But to make this easy I’m 99% sure the stock market is going up today and we’ll see green all around Strong dollar = weak stock market More people wanna invest in the American stock market when they can exchange their foreign currency for more money Idk if EURUSD will continue its small rally down though Look at the MACD: https://imgur.com/gallery/jyFuB5R It’s looking to change trend and start adding bullish candles It also already hit support and retested above with a new candle I wouldn’t get in on this trade yet it can go either way still to be honest But to answer your question, I’m using the USDJPY pair because of the issues with China I just happened to choose this pair but I’m sure you can find correlations amongst other pairs like USDCNH or the EURUSD probably TLDR: Short USDJPY NOW! Sign up at Tradersway you can use the metatrader app on your phone for easy trading https://www.tradersway.com/?ib=1216454 1 Like |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 7:43pm On Apr 28, 2020 |
I’ve been correlating the USDJPY price and the SPY for the last two months. ELI5: USDJPY goes up. SPY goes down. And because FOREX is traded 24 hrs a day it was easier for me to tell the direction of the SPY every morning We just crossed critical support for the USDJPY and it looks we’re headed straight down some more on the UJ pair Seems like we could easily hit a $300 SPY today |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 7:52pm On Apr 28, 2020 |
Bumo |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 8:35pm On Apr 28, 2020 |
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Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 10:28pm On Apr 28, 2020 |
Bump |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 2:38am On Apr 29, 2020 |
Woohoo the train is going strong today!
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Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 3:23am On Apr 29, 2020 |
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Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 2:44pm On Apr 29, 2020 |
Bump |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 3:06pm On Apr 29, 2020 |
bump |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 5:36pm On Apr 29, 2020 |
Still going stong! |
Re: Usdjpy Vs The S&p500. Final Update. Critical Support Right Now On A Very Crucial by AgoraRoad(m): 8:37pm On Apr 29, 2020 |
Yes |
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