What’s Up, What’s Down: Spotlight on the Yen

Comments for Monday, August 2, 2010

Looking Ahead to Today by Reflecting Back at Friday’s Price Action


Higher closes last Friday  for the Swiss Franc, Japanese Yen, British Pound, Aussie and Canadian Dollar while lower for the Euro Fx and dollar index. All of the currencies continue to be in uptrends overall with the Franc making its best high and close since January again, the Aussie Dollar since May 17th and the Pound since February 16th. The yen made a new CONTRACT HIGH and the Canadian Dollar its best close since June 22nd still not quite giving me a buy signal. The dollar index made its worst low and close since April 21st. Continuing good new out of Europe has fueled the indices helped along by the weak dollar lately. BUY SIGNALS FOR THE BRITISH POUND, EURO FX, SWISS FRANC, AUSSIE DOLLAR AND JAPANESE YEN. SELL SIGNAL FOR THE DOLLAR INDEX. CALL FOR DETAILS!

Japanese Yen Chart

British Pound Chart

Aussie Dollar Chart

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