Monday, June 24, 2019

#Japanese Yen Review $FXY $JPYUSD

Yen Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

The Yen's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments

The Japanese Yen entered Triple Upside alignment last Friday (Matrix Line 22). This alignment is interesting not only because of the triple alignment but also age of the primary trend. The primary trend is young, only 1 month old (BuT). I always write follow the primary trend. The Yen favors the bulls until the primary trend (Trd) displays something other than UP.

The Yen's DI, however, suggests that the bulls might be facing some headwinds short-term.

Matrix Line 22

Matrix Line 22 Monthly Trend

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.