Good Morning!  This week we had two notable flips in the currency models, the AUD flips to RANGE and the GBP flips to a STRONG UP.  The only dichotomous currency trend is in the EUR.   Last week the EURUSD broke down to the $1.335 area and my model keep flashing a STRONG UP.  I’m going to closely monitor this situation over the course of the next few weeks and see if the model needs to be tweaked.

Here are the currency trends for this past Friday’s closing data:

  • AUD - RANGE
  • GBP - STRONG UP
  • USD - STRONG DOWN
  • EUR - STRONG UP
  • JPY - DOWN
  • CHF - RANGE

[tags]EUR, USD, Dollar, Euro, Pound, Trends, Currency, Forex, Trading[/tags]