Wednesday, July 3, 2013

AUD/JPY

Well that didn't take long, EUR/JPY has already started a move, I think AUD/JPY will not be far behind.

Actually I just went to get the charts and AUD/JPY JUST started moving, it's still in a decent place and any little pullback would help.

The pairs don't give as good of a signal and never have so I look at the single currency futures as well.

USD/JPY broke $100, it may test that area, but I'm not interested in it right now, EUR/JPY already took off so AUD/JPY...

 The 1 min pair does have a slightly positive divergence, the price pattern is more interesting, it has put in the Process needed for a reversal.

 The $AUD single currency future from negative to positive and you get a rough idea of how big the move will be as well.

JPY 5 min leading negative.

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