Tag Archives: AUD/JPY

Pattern Alert…Yen & Yen Crosses

Posted on 02/27/2012

ORH & ORL Daily Patterns… Yen (H) Futures would need a close over 125.12 USD/JPY….a close under 79.90… ORL EUR/JPY…106.81 …with the 200 day @ 107.11 ORL AUD/JPY….85.64…ORL CAD/JPY…80.09….ORL These are price negative patterns!

A.M. Look 2/24/12

Posted on 02/24/2012

The Yen Crosses are running the “Risk On” show. The Yen Crosses are important “Risk On” Barometers! At resistance levels in the crosses, the equities stall out. At support levels in the crosses, the short sellers get trapped causing rallies. … Continue reading →

A.M. Look 2/23/12

Posted on 02/23/2012

Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →

A.M. Look 2/21/12

Posted on 02/21/2012

USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading →

Euro…EUR/JPY…Yen

Posted on 02/17/2012

The Euro is coming back up into resistance near 132, while the Yen Futures are coming into support +- the 126.00 level in the (H) Futures. Simply put, if you’re going to get a reaction ( profit taking) in the … Continue reading →

A.M. Look 2/16/12

Posted on 02/16/2012

Spu’s …1329.50-1332 is the level it’s been trying to print for the past 2 weeks. Just don’t initiate a short into this level. It’s a Bear trap area the first time down. Presently the Spu’s need back over 1342.50 for … Continue reading →

A.M. Look 2/15/12

Posted on 02/15/2012

One trait of a Bull Market is that it spends all day trying to brake and just a few minutes rallying. Spu’s…will stop all the way up, at every macro level, where new shorts will come in to try and … Continue reading →

USD/JPY

Posted on 02/14/2012

78.75-88 USD/JPY (15+- 127.00 H Futures) should provide some descent dollar resistance ( Yen Support) the first time into the zone.  

Market tells

Posted on 02/13/2012

Copper…38050 is the 200 day, a close below should be deemed negative price action given the double top in the Spu’s. SMH..a close below 33.98 in this ETF puts in an ORL day which is price negative the board. OIL..hit it’s … Continue reading →

A.M. Look 2/10/12

Posted on 02/10/2012

30 Yr. Bonds…We currently have a double top and a double bottom on the Monthly Bond Chart. 140.22 (H) Futures is the bottom level currently in play. Closing below this level, coupled with sustained price action below 140.22, would have us … Continue reading →