Tag Archives: Yen
YCS…FXC
Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”
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
Yen Crosses…USD/JPY
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 look to get some back on is off … 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
A.M. Look 3/17/11
Just a follow up to the yen piece last night, USD/JPY is in a 40 year bull market! The levels in the crosses given last night were retested and rejected. Markets can go directionally farther than you have money to … 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
EEM..EWT…GOOG….AAPL.. GE….SPU…
If we get anywhere near 1334 ish SPH (MARCH S&P) today take off at least 70% of these trades. Then raise your stops to break-even. The Euro hit big support this a.m. @ 138.60 ish. It will now be the … Continue reading