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Saturday, May 12, 2007

USD/JPY: Bullish Trend Intensity Signal Stalled

The bullish trend intensity signal on USD/JPY remains stalled for the fourth session at 15. The EUR/JPY trend signal is neutral and is consolidating, easing to 31. The EUR/USD trend signal is neutral and consolidating, easing to 23.

The GBP/USD trend signal is also neutral, easing to 20. The USD/CHF trend signal is neutral at trend-ready levels of 10. The EUR/GBP trend signal is neutral at trend-ready levels of 11. These proprietary indicators are updated each trading day after the NY close.

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