Dollar Firming Up Against Yen At Key Technical Support Level
The US Dollar may be firming against the Japanese Yen. As illustrated, the 3-day time-frame chart for the USD/JPY is testing a key support level, which is the 38.2% (@ $106.64) Fibonacci retracement of...
View ArticleEuro vs Yen Forex Overdue for a Bullish Reversal
The US Dollar vs Yen (USD/JPY) has garnered most of the attention in the currency markets. However, another forex pair that has intrigued me is the Euro vs Yen (EUR/JPY). The weekly chart I have...
View ArticlePotential Rebound for British Pound vs Japanese Yen?
At some point this has to end badly. Below is a 20-year monthly chart of the British Pound vs Japanese Yen (GBP/JPY). As one can see, it has sold off severely since the Brexit decision and could very...
View ArticleDouble-Top Pattern and Falling Demand Suggest Crude Oil Could Trade Under $36
Crude oil’s double top pattern (see chart below) is a bearish omen for future price action. Combine this technical pattern with the fundamental facts that summer gasoline inventories are climbing and...
View ArticleCurrency Update: Be Wary of US Dollar Rally Against Japanese Yen
Persistent US Dollar weakness has been commonly accepted. So, with last week’s bullish reversal in the USD/JPY (Dollar vs Yen forex pair) followed by today’s continuation pattern and new 1-month high,...
View ArticleLumber Commodity Futures Update: Timber Has Fallen
On November 1, 2017, I posted a bearish article on Lumber Futures. My rationale for shorting lumber was based on an overextended bullish technical breakout and vulnerability to historical levels of...
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