Forex Signal: CHF/JPY

The Swiss franc - Japanese yen currency pair, CHF/JPY, kicked in with a parabolic sar bull signal this morning, following by a day psar bulls on two other yen pairs, the Australian dollar and the euro.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
CHF/JPY ¥88.20

The CHF/JPY pair, in common with most currencies, has a low average directional index, 18. this means that it is prone to whipsaws at the worst, and at best of signals unaccompanied by any significant movement in price.

CHF/JPY has been trading sideways since late February, so I don't expect a lot from this signal.

You are here:

• Reversal
• ¥90.68, +2.8%
• ¥89.98, +2%
• Now ¥88.20
• Reversal
• ¥86.15, -2.3%

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Buy--DON'T Hold: Investing with ETFs Using Relative Strength to Increase Returns with Less Risk

Financial consultant Leslie Masonson describes a strategy for actively trading exchange-traded funds.

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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