Friday, September 9, 2016

chart: Storm Coming?

Courtesy of Bloomberg TV
On Sept 2,2016 this chart of the JPY/BGN Currency, was shown on Bloomberg TV.  The moving averages (MA) are the 12 month MA & the 24 month MA.   It suggests that when the 12 month MA crosses the 24 month MA some type of crisis occurs as noted in this chart.  The green arrow shows that another cross over has occurred again.  

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