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VIX is Sending Warning Signal---Go Long JPY (Video Analysis on 9 Currency Pairs)
by S. Wade Hansen The VIX (CBOE Volatility Index) is steadily starting to climb off of its lows as volatility levels in the U.S. stock market continue to climb and the major indices continue to lose value. The VIX had been declining for the past two months---during which time the Japanese yen (JPY) had been losing value---but that downtrend appears to be over. [IMG]http://www.pfxglobal.com/images/stories/vix.png[/IMG] The JPY should start to regain some strength in the coming weeks, which should send the USD/JPY, the GBP/JPY and the EUR/JPY lower. To see how the major currency pairs performed today and what to expect tomorrow, watch these videos: [url]http://www.pfxglobal.com/pfx-forex-blog/vix-is-sending-warning-signal-go-long-jpy-video-analysis-on-9-currency-pairs.html[/url] - Technical Analysis Video for the EUR/USD - Technical Analysis Video for the GBP/USD - Technical Analysis Video for the USD/CHF - Technical Analysis Video for the USD/JPY - Technical Analysis Video for the USD/CAD - Technical Analysis Video for the AUD/USD - Technical Analysis Video for the NZD/USD - Technical Analysis Video for the GBP/JPY - Technical Analysis Video for the EUR/JPY
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