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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Hawkmoon who wrote (17570)2/9/2016 7:51:09 AM
From: John Pitera2 Recommendations

Recommended By
3bar
Hawkmoon

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Hawk, The YEN and EUR have developed very bullish charts.

The YEN has major long term support at the 80 area... it has broken above it's 200 DMA, pulled back to it and now appears to be breaking out of the ascending triangle it's in...... additional notes on the chart.



the EUR put in it's low back in March of 2015.... the SLOPE of thwhy e 200 DMA has changed from down to up for the first time in 3 plus years and it's been showing a proper rounding bottom and is now above it's 200 DMA.



I commented last year that the big 3 Global Currencies were acting pretty stable... and now volatility in the 3 of them has picked up..... The Currencies drive Major Global asset class moves!

JJP
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