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Thursday, May 24, 2007

USD/JPY: Bullish Trend Signal Jumps Two Notches

The bullish trend intensity signal for USD/JPY has jumped two notchs to 23. The EUR/USD trend signal remains neutral at 17, as does the GBP/USD signal. The USD/CHF trend signal is bullish, rising a notch to 14.

The EUR/JPY trend signal remains neutral and stalled at 30. The EUR/GBP bullish trend signal failed, easing to 12 but is at trend-ready levels. These proprietary indicators are updated each trading day after the NY close.

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