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Wednesday, May 16, 2007

USD/JPY: Bullish Trend Intensity Signal Advances

After recent stalls, the USD/JPY bullish trend intensity signal has advanced a notch to 16. The EUR/JPY trend signal remains neutral at 30. The EUR/USD trend signal is neutral at 20 and the GBP/USD trend signal is neutral at 18.

The USD/CHF trend signal is neutral at trend-ready levels of 10. The EUR/GBP trend signal initiated a new bullish trend, edging a notch higher to 12. These proprietary indicators are updated each trading day after the NY close.

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