Japanese Yen Breakout - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

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Japanese Yen Breakout 0 comments

Mar 17, 2011 12:02 PM | about stocks: FXY

There aren’t that many bullish charts out there but this is definitely one of them. FXY has broken out to all time highs according to Stockcharts as their chart only goes back to ’07. With today’s gap up it is officially overbought, but this may provide an opportunity to get back in sometime next week on a slight pullback.
Here are what the trade triangles are saying.
Weekly – Most recent buy trigger Mar 2nd
Monthly – Buy since April ’10
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Themes: Currency Stocks: FXY

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