(Black on top) term yen / 10 Yr US Treasury Note Futures (in green on bottom)
Daily
Prepared by Jamie Saettele, CMT
Jamie - a relationship we watched closely for several months (in April and may). "A new record in the 10-year note is probably not step is going to be coincides with a new record in Yen (new low in USDJPY).". This discrepancy will help during the next long USDJPY. "10 Years closed to the record high for the last 5 weeks and the USDJPY is (apparently) to stabilize in support (see USDJPY table below). Reward/risk promotes the long USDJPY at this level.
Dow Jones FXCM Dollar Index (Ticker: USDOLLAR)
Daily
Prepared by Jamie Saettele, CMT
Jamie - the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is at its highest level since January, 2011. Having exchanged at 10218.99 this week, near term action is suggestive of a setback. Make no mistake, this camp returned to the increase but the reward and risk for bulls is not favourable at the current junction. The channel resistance is also immediate upward recovery. 10047-10076 is now.
Euro / US Dollar
Daily
Prepared by Jamie Saettele, CMT
Jamie - supports the former base channel is now resistance. The pivots (12823) Monday remains in place as the EURUSD went into free fall, a few days. Bulls take place so far 12500 but 12480 remember if reached. Deterioration more likely sense to be relieved in the form of a correction, if even just need to. 12724 is the resistance.
Pound sterling / US Dollar
Daily
Prepared by Jamie Saettele, CMT
Jamie - The GBPUSD is entered in a field which has been congestion in March (15601-15746). An area that has previously been congestion will probably cause a reaction. In other words, it is a good place for the GBPUSD find a short-term low. Near term structure is compatible with a correction to 15845. 15730 and 15775 serve as intermediate resistance.
Australian dollar / US Dollar
Daily
Prepared by Jamie Saettele, CMT
Jamie - the AUDUSD itself broke under the trend curve that extends off the coast of the Netherlands may 2010 and October 2011 and the canal slope down which defines the trend since the beginning of February. Thegap left open from 28/11/11 the 9773 was filled, but focus remains low to 9663 November. The rebound of 9689 could be the beginning of a larger correction to 9934 and perhaps 10020. There is no way of knowing in advance but reward/risk does not favour bears here. In the same way, there is nothing wrong with its commercial inversion but this requires strict risk management (use stops). The ideal trade will be probably be short circuit in early June, at a slightly higher level (9970-10020).
US Dollar / Japanese Yen
Every day bars
Prepared by Jamie Saettele, CMT
Jamie - after several days to the tracing of 61.8% from the rally of bass, February the USDJPY rallied impressive and is again claiming with resistance of average and trendline of 20 days. Over 8055 would break the series of lower highs since the top focus and shift from March to 8180. I like jumping the gun to fire on long with a stop under 7900.
Daily
Prepared by Jamie Saettele, CMTJamie - a relationship we watched closely for several months (in April and may). "A new record in the 10-year note is probably not step is going to be coincides with a new record in Yen (new low in USDJPY).". This discrepancy will help during the next long USDJPY. "10 Years closed to the record high for the last 5 weeks and the USDJPY is (apparently) to stabilize in support (see USDJPY table below). Reward/risk promotes the long USDJPY at this level.
Dow Jones FXCM Dollar Index (Ticker: USDOLLAR)
Daily
Prepared by Jamie Saettele, CMTJamie - the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is at its highest level since January, 2011. Having exchanged at 10218.99 this week, near term action is suggestive of a setback. Make no mistake, this camp returned to the increase but the reward and risk for bulls is not favourable at the current junction. The channel resistance is also immediate upward recovery. 10047-10076 is now.
Euro / US Dollar
Daily
Prepared by Jamie Saettele, CMTJamie - supports the former base channel is now resistance. The pivots (12823) Monday remains in place as the EURUSD went into free fall, a few days. Bulls take place so far 12500 but 12480 remember if reached. Deterioration more likely sense to be relieved in the form of a correction, if even just need to. 12724 is the resistance.
Pound sterling / US Dollar
Daily
Prepared by Jamie Saettele, CMT
Jamie - The GBPUSD is entered in a field which has been congestion in March (15601-15746). An area that has previously been congestion will probably cause a reaction. In other words, it is a good place for the GBPUSD find a short-term low. Near term structure is compatible with a correction to 15845. 15730 and 15775 serve as intermediate resistance.
Australian dollar / US Dollar
Daily
Prepared by Jamie Saettele, CMTJamie - the AUDUSD itself broke under the trend curve that extends off the coast of the Netherlands may 2010 and October 2011 and the canal slope down which defines the trend since the beginning of February. Thegap left open from 28/11/11 the 9773 was filled, but focus remains low to 9663 November. The rebound of 9689 could be the beginning of a larger correction to 9934 and perhaps 10020. There is no way of knowing in advance but reward/risk does not favour bears here. In the same way, there is nothing wrong with its commercial inversion but this requires strict risk management (use stops). The ideal trade will be probably be short circuit in early June, at a slightly higher level (9970-10020).
US Dollar / Japanese Yen
Every day bars
Prepared by Jamie Saettele, CMTJamie - after several days to the tracing of 61.8% from the rally of bass, February the USDJPY rallied impressive and is again claiming with resistance of average and trendline of 20 days. Over 8055 would break the series of lower highs since the top focus and shift from March to 8180. I like jumping the gun to fire on long with a stop under 7900.
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