Forex Trading Strategies Aggressively buy Japanese Yen Against US Dollar, British Pound, Swiss Franc, and Australian Dollar
Our forex trading strategies forecast that the Japanese Yen will strengthen against the US Dollar, British Pound, and Swiss franc. A wide range of systems have bought the Japanese currency in the CHF/JPY, USD/JPY, and GBP/JPY pairs—signaling that forex sentiment favors further Yen strength. We highlighted yesterday that a breakdown in the USD/JPY signaled further losses were likely—generating a “Breakout2” trading strategy sell signal.
Our Speculative Sentiment Index-based Momentum2 strategy has since likewise sold the USD/JPY, GBP/JPY, and CHF/JPY. Such trading signals are consistent with our Senior Strategist’s technical forecasts for Japanese Yen cross rates.
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Thursday, January 8, 2009
Forex Trading Strategies Aggressively
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