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Friday, January 26, 2007

USD/JPY: Bullish Trend Intensity Signal Stalls

The bullish trend intensity signal for USD/JPY has stalled and is at mature levels of 35 where trends often fail. The EUR/USD trend signal is neutral and consolidating, easing to 17.

The GBP/USD trend signal is neutral at 17 and the USD/CHF trend signal is neutral at 27. The EUR/JPY bullish signal has stalled at 25. The ERU/GBP bearish signal has stalled at 27. These proprietary indicators are updated each trading day after the NY close.

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