Hewsion Video Describes What’s Next for Dollar-Yen

Bycjrosen

While I typically look at the US Dollar Index, the best way to measure up the strength of the Dollar is in relationship to specific currencies, instead of the basket index.  In his most recent video, Adam Hewison takes a look at the longer-term relationship and price structure of the Dollar-Yen FOREX Cross (USD-JPY) and describes how to interpret FOREX crosses and also “What’s Next for the Dollar-Yen” pair.

Adam takes a look at the Monthly “Trade Triangle” signals (hint – the most recent signal triggered a monthly sell as shown in the chart above) and then zooms in on the chart and lists a potential downside target for this pair, as well as key levels to watch along the way.

Hewison notes the recent break of support and what it might mean.  He also describes his term “Energy Fields” and what that means.

As always, thank you to Adam and the staff at Market Club (click for more information) for making these videos available to us!

Corey Rosenbloom, CMT

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