Yen Strength

Friday, August 13th, 2010

The euro yen has had some of its bearish momentum slow down near the 110 area. The 6 hour chart is highlighting that we could see further weakness in the euro yen approach the 107.51 level

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Yen Strength

EUR/USD Still in Uptrend, Preparing for Non Farm Payrolls

Thursday, August 5th, 2010

Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (8/05/2010) has consolidated in a sideways trading range pattern since reaching a 3-month high at 1.3260 on Tuesday. This occurs within the context of a strong and relatively steep accelerated uptrend channel that extends back to

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EUR/USD Still in Uptrend, Preparing for Non Farm Payrolls

EUR/JPY Forms a Triangle

Wednesday, August 4th, 2010

Price action on EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/04/2010) has formed a symmetrical triangle consolidation pattern within the context of a parallel uptrend channel extending back to the late June low. The current triangle formation represents indecision and diminishing volatility within this uptrend channel.

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EUR/JPY Forms a Triangle