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Japanese Yen

Started by setravis, August 26, 2010, 09:50:51 AM

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setravis

Japanese Yen...
The yen rally stopped short of its 1995 high at $0.0123 against the dollar (¥81/dollar), indicating weakness. Twiggs Money Flow below zero warns of selling pressure. Breach of support at $0.0117 would signal a primary down-trend.

* Target calculation: 123 + ( 123 - 117 ) = 129
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Japanese Yen...
The yen continues to range between ¥80 and ¥84.50 against the dollar. Twiggs Momentum oscillating around the zero line indicates uncertainty. Breach of support at ¥80 would warn of a primary decline to ¥76*, while breakout above ¥84 would signal the end of the down-trend and a primary advance to ¥88*.

* Target calculation: 84 + ( 84 - 80 ) = 88; 80 - ( 84 - 80 ) = 76;
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Japanese Yen...

The yen continues to range between ¥80 and ¥84 against the dollar. Twiggs Momentum oscillating around the zero line indicates uncertainty; decline below -2% would warn of another down-swing. Breach of support at ¥80 would signal a fall to ¥76*, while breakout above ¥84 would indicate a primary advance to ¥88*.

* Target calculation: 84 + ( 84 - 80 ) = 88; 80 - ( 84 - 80 ) = 76
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Japanese Yen...
The dollar is back in the range between ¥80 and ¥84 the yen — with a bit of help from the G7. The primary trend remains down. Failure of support at ¥80 is likely to encounter further intervention, but the target remains at ¥76*.

* Target calculation: 80 - ( 84 - 80 ) = 76;



"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Japanese Yen...
The dollar ranging between ¥80 and ¥84 — with a bit of help from the G7. The primary trend remains down. Failure of support is likely to encounter further intervention, but the target remains at ¥76*.

* Target calculation: 80 - ( 84 - 80 ) = 76;
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis