trinitytutors

trinitytutors

This weekly chart reveals that the dollar-yen has reached a crossroads of sorts. Given the support offered at this level in combination with the yen's medium-term bearishness and the dollar's longer-term bullishness, I will be looking for the initiation of an upward trend to enter a long position.

trinitytutors Updated 

AUDUSD was sent heading south after the release of China’s trade balance figures yesterday. Given that the Aussie is generally considered the weaker of the two currencies, I suspect that the above turn north is just a temporary pullback and possibly a good level to enter a short position for the next leg down.

trinitytutors

I tried to load this chart yesterday, but with no luck. At that time, I was thinking that if the recent hawkish RBA Meeting Minutes, dovish Federal Reserve minutes and weaker than expected US figures were going to continue pushing this pair higher, the highlighted pullback might offer an opportunity to enter a long position if and when the trend hooked upward to...

trinitytutors Updated 

The pound-yen’s day-to-day trend has been bullish ever since it turned north on the second day of this month. It pulled back on Friday, but not enough to do any apparent damage to the general overall trend. The likelihood of its resuming an upward trajectory is also supported by the strength of the British sterling against the Japanese yen in light of an expected...

trinitytutors Updated 

I wonder if perhaps better than expected Canadian employment figures and higher oil prices didn’t combine with dovish Fed minutes out of the U.S. to help push the “loonie” higher over the past 24+ hours. Nonetheless, at the 1.3057 level, the pair’s departure from what had been a pronounced southern trajectory was beginning to stretch the limits of what is...