Tag Archives: AUD/JPY
A.M. Look 4/12/11
Yen Crosses…USD/JPY Posted on 04/07/2011 at 10:53 AM The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to … Continue reading
AUD/USD…AUD/JPY
102.50 AUD/USD is still the main driving pivot for the straight Aussie, and will prove a pivotal level for any pros legging the yen crosses. You can review last weeks #’s…they have not changed!
A.M. Look 4/1/11 ….No Fooling
let us start with a few observations: 1) The Soybeans closed almost unchanged on the Qtr. closing under 13.965 ( Dec. 2010 close) will now act as your downside pivot. closing over yesterdays close will be your upside pivot. So … Continue reading
Aussie…Pattern Alert…Food for thought
The straight AUD/USD is putting in an outside reversal month to the upside. Long Aussie is the right way right for now on the Yen crosses as well. Today’s close will be important, but you’ll need sustained price action under … Continue reading
A.M. Look 3/30/11
Will wonders never cease? Once every decade the Central Bankers have someone on staff that can actually read a chart. I am speaking of the 1985 Plaza Accord, the 1998 Fed Intervention in USD/JPY that took it from 132 to 111 … Continue reading
Was that the low for USD/JPY?
Ok this was for the A.M. I do not wish to get into the habit of commenting at night! First a brief fyi on the Yen price action. Shades of 1995 and before when that type of currency movement was … Continue reading
SPU…AUD/JPY….CAT…XOM
1279 will be a big pivot for further weakness in the Spu. Price action under 81.50 AUD/JPY will confirm more stock weakness. CAT…All week the big support zone is 92.20-50. Put it on your price alerts. XOM….Price action under 77.75 … Continue reading