Humpty’s Corner EUR/JPY 10/28/08

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Oct 28th 2007

Humpty Dumpty forex 9 months, 3 weeks ago
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Hello forex fans!

Yes, I know its been awhile, but I have a dominate side for perfection.

For the past couple of weeks, as long as you have been trading against the dollar, you should have done somewhat well. Im here to tell you, this isnt going to end anytime soon.

AUD/USD is heading for parity and I think at this point it is quite feasible to happen. While we will see fluxutions, I believe it is headed for this mile mark.

Metals and materials, along with commodities have been dominating the stock market. Going with pairs against the USD, that are know for heavy exports of these things, will be the pairs to watch very closely.

Another currency that we have been watching closely is the Yen. According to my daily charts, we are on a #3 leg going down. Since the #3 leg usually completely outperforms the #1 leg, I think we will see a significant drop in the Yen pairs very soon.

Good Luck!

Humpty