Share this on:
About this iReport
  • Not vetted for CNN

  • Click to view ronjaenisch's profile
    Posted December 10, 2013 by

    More from ronjaenisch

    Important Reversal in Forex


    One of the least noticed Forex pairs is CADJPY. This is the value of the Japanese yen to the Canadians along with the value of the Canadian Dollar to the Japanese.


    Recently, as reported here, within minutes of it occurring, the price of oil reversed is now in an up trend.


    Since Canada sells a lot of oil to Japan. This impacts the relationship of the Canadian Dollar to the Japanese Yen.


    Here noted on the chart, at a point that is forecast to be a reversal point for this currency pair using the Andrews Babson Ore indicator.


    It is suggested that the reader examine the data at a future point in time to see how accurate this indicator was in this situation.


    The Andrews Babson Reversal Indicator, which  finds extremes is often refered to as ORE, will be in the next  version of Precisiontrader.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.


    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story