The USDJPY cross closed above its 12 mo MA for every month beginning with Oct-12 and ending Aug-15. That’s a massive three year up-trend. However, in all of the charts below it’s technicals appear quite bearish and in my view, threaten a…...
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2015-10-14 · by
Brandon J. Ferro · in
Commodities,
FX,
Gold,
Gold Miners,
Historical Analysis,
Precious Metals,
Ratios,
Sectors,
Silver,
Spread Trade,
Technical Analysis,
USD
In the chart below take note of the simple fact that the DXY index (USD) appears poised to break down from a consolidation/flag pattern formed by lines (1) and (2) through much of 2015 at inset (A) while at inset (B), it is…...
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