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Thursday, December 07, 2006

USD/JPY: Bearish Trend Signal Advances Two Notches

The bearish trend intensity signal for USD/JPY has advanced two notches to 18. The EUR/USD bullish signal advanced another notch to 38 but remains in mature territory at 35 or higher where trends often fail.

The GBP/USD bullish trend signal advanced to 33 while the USD/CHF bearish signal advanced to 35. The EUR/JPY bullish signal has stalled at 26. The EUR/GBP trend signal is neutral at trend-ready levels of 13. These proprietary indicators are updated each trading day after the NY close.

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