Tag Archives: CAD/JPY
A.M. Look 3/5/12
The world is in profit taking mode since Lunch time in Asia last night. Yen…AUD/JPY..EUR/JPY..CAD/JPY..GBP/JPY.. crosses was where the action was last night. Yen Futures put in a double bottom pattern on a weekly chart right out of the gate, … Continue reading
Pattern Alert…Yen & Yen Crosses
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!
Euro…EUR/JPY…Yen
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
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
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
78.75-88 USD/JPY (15+- 127.00 H Futures) should provide some descent dollar resistance ( Yen Support) the first time into the zone.
A.M. Look 2/14/12
Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to … Continue reading
Risk Positions…Stop Adjustments
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading