Forex Trading Opportunity for Triple Digit Gains Now!- By: Boris Vega

Description : When it comes to the most effective Forex trading opportunities, the top ones are the ones which most traders don't expect and there's one shaping up now which could yield huge profits. Let's take a have a look at the opportunity in a lot more detail and also the logic behind the trade.

Our view could be the Dollar is set for a massive move up on all of the key currencies using the exception becoming the Yen and promoting the Dollar and buying the Yen, is a fantastic contrary trade and whilst most people today usually are not bullish Yen, that doesn't concern me as most traders lose.

Everyone is bearish on the Japanese economic system and you can see several reports on why it really should go down but bearish news is not pushing it lower and that's a bullish sign.

For those who take a look at a chart of Dollar Yen, you are going to see it has heavy resistance about the 84.00 level and even though rates may possibly break above the move will probably be short lived and the Yen will push up to understand why we have to have a look at the global economic backdrop.

Most with the time the Yen moves using the other significant currencies against the Dollar but in instances of risk aversion and financial turmoil, the Yen not simply trades within the identical path as the US dollar it outperforms it.

For this to happen, threat assets for instance equities, have to fall heavily and they look set to complete just that. The stock market is at a bullish extreme - prices have risen on low volume along with the put/call ratio is at an extreme and warning of a top. The stock markets in the US are overbought but so are stocks all around the globe. Were trading above levels prior to the Lehman Brothers collapse but the economy right now is in far worse shape than it was then.

The Dollar will rise on stock marketplace falls but so to will the Yen, its happened within the past and will come about once more. There are going to be a high demand for Bonds plus the Japanese who are the amongst the world's biggest savers will repatriate funds and boost the Yen.

For traders looking for a good extended term trade the Long side of the Yen on the Dollar looks an great opportunity, the threat is low and the reward is high as well as the reality most commentators are looking for a Yen fall which is a bullish sign.

Article Source : http://www.look4articles.com/

Author Resource : You can check out the latest forex trading program at the Traders Swiper website and keep up to date. You can check out the forex trading program at the Traders Swipers website and keep up to date.