Black Swan Forex: Weekly Chart View

Update: Weekly Chart View Major Pairs

26 June 2013/11:03 a.m. ET

Issue #441

No open positions.


Stopped out of long USD/JPY per issue #439 with loss of 47 pips

The weekly charts continue to support the view the US dollar is in the midst of a long-term uptrend against the pack. The charts below include wave count, 21- vs. 55-day exponential moving average, and MACD.

Key summary:

* Interesting that EUR/USD & USD/CHF only now entering a 21 vs. 54-week moving average crossover, i.e. EUR/USD down and USD/CHF up AUD/USD appears oversold on the MACD; but clearly the trend is down * GBP/USD following the triangle wave pattern very nicely * USD/JPY looks to go much higher; looking oversold at the moment weekly.

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Jack Crooks

Black Swan Capital

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