Tag Archives: usd/jpy
USD/JPY…Pattern Alert
A close over 79.19 USD/JPY puts in an outside reversal day. The futures match comes in @ app 126.34. If you’re looking for a high in the Yen, this is as good a spot as any! The stop coming in … Continue reading
4/25/11
Let’s start where we left off.. April 15, 2011 9:46:16 AM CDT DIG…The real stop for this Etf is 55.40, however those that do not wish to risk that much can use 56.20 close. You should take 2/3 rds of … Continue reading
A.M. Look 4/13/11
“Matches and targets” We are a big fan of Charles Nenner’s model work. His targeting system and model work for ( TREND) breakdown’s is par excellence. Yesterday was a perfect example on how to use his technical work. Gold,Aud/Usd, Usd/JPY … Continue reading
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
A.M. Look 4/6/11
We are staying with our original game plan in the equity indices from yesterday. A close in the Nasd futures ( 2350) or a close in the QQQ above 57.50 and we will initiate new long positions. A word of … Continue reading
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
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
Euro….EUR/JPY…Yen Crosses
141.82 now becomes the key pivotal level for the Euro. Could it actually have a lower weekly close? Start selling the rallies until proven wrong against this level. Pay close attention to EUR/JPY and the shorter retraces. 115.71 is the … Continue reading
A.M. Look 3/25/11
Last qtr’s high in the Aussie was 102.58…monitor this level! Price action above and it goes again…It will need a close below 101.60 AUD/USD to confirm a double top high. I think this unlikely with the stock strength I am … Continue reading