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.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment