Euro & Yen Continue Down the Bear Path

The Euro is just a basket case right now.  Daily chart…

euro

But I am not interested in the Euro so much as I am in ways to benefit from its weakness.  I would like to see the Euro hedged HEDJ use the weekly chart’s EMA 70 as support, as it did at key junctures during the bull phase that blew out in 2015.  It also has visual lateral support there.

hedj weekly chart

And then there is the Yen, which we identified a couple of weeks ago as becoming precarious per the yellow highlight on this daily chart.

xjy daily chart

There are of course similar ways to play a weak Yen.  But this currency seems more tied to other macro considerations as well.  This currency I am interested in, in its own right.

Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.