Currency Index Strength


Bullish

EUR
JPY
CHF


Bearish

CAD
GBP
USD


The above meaning is that JPY, EUR and CHF currencies are bullish and CAD, GBP and USD are bearish.

Hence consider shorting (selling) CADJPY, USDJPY, GBPJPY

Long (Buy) EURUSD

Today’s Trade:

SELL CADJPY at CMP 87.88 or pullback

TP1 @ 87.333

TP2@ 86.996

TP3@ 86.382

SL@ 88.614

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About Author

Mithun Girishan is the founder of MMM (Mithun’s Money Market), a consulting firm providing quality training programs in capital markets. He is an investor, trader, coach and a continuous learner. In addition, Mithun provides consultation and mentorship to many retail investors and company directors across the globe for investments, trading and hedging their wealth in stocks and futures. His passion lies in exploring new avenues in financial markets as well as learning theoretical and practical economics and its application in daily lives. This has exposed him to a wide range of markets spanning from equity, commodity, forex, futures to options.

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