On April 10th we updated you on the AUDJPY trade we made in the managed forex account in a post called (Managed Forex Account – AUD/JPY Taking a Profit) where we had sold half of our 2% capital position after gaining 1,000 pips and to give us an 8% gain on the overall account.
We are [...]
We tried to make an entry into the EURJPY around March 14th but never got the pull back we were waiting on to make the buy entry. You can view that post at (Forex Investments and Managed Forex Account – Long EURJPY). Since then the EURJPY has continued its upward move but has recently given [...]
Things are getting very exciting as we are seeing some major trend changes, mostly dealing with the JPY. I had talked about the EURJPY a month ago in two different blog post (Forex Investment – Has the JPY trend changed?) and (Go long the EUR/JPY?) showing that it looked like the trend was changing. We [...]
Since July/August of 2008 the JPY has made considerable gains across the board against every major currency. There are many fundamental reasons why people claim this happened with the most common being the unwinding of the carry trade. No matter what the reason all we care about is what the chart tells us. Lets take [...]
For over 6 months now the EUR/JPY has been in a down trend taking it from a high in July of 169.97 to a low of 112.10 in January. But has that trend changed?
Looking at the first chart it would seem so. It has broken the trend line on the 1% box size point and [...]
