Today we will analyze the stock CRNCYSHRS JPN YEN TR (FXY) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in CRNCYSHRS JPN YEN TR (FXY)
1- Last bullish trend was from 115.61 $ (4/6/2011) to 130.09 $ (10/28/2011) a 14.48 $ move 2- The current bearish trend started from 130.09 $ at 10/28/2011 and is currently trading at 128.56 $.
3- FXY current support level is at 126.67 which is the 23.60 % fibonacci retracement of the last 14.48 $ move.
4- FXY current resistance level is at 130.09 which is the 0.00 % fibonacci retracement of the last 14.48 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CRNCYSHRS JPN YEN TR (FXY) Short term stock chart patterns for internet stock trading :

None.
CRNCYSHRS JPN YEN TR (FXY) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 115.610 and 104.790, and is currently supporting at 125.233.
CRNCYSHRS JPN YEN TR (FXY) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 98.530 and 90.180,resistance between 114.100 and 102.530 which was broken down at 122.300 in higher than usual volume.

Stock Trading Conclusion:
CRNCYSHRS JPN YEN TR (FXY) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 128.92, 129.14, 129.32, 129.51, 130.09, 135.79.
Stock Support levels : 126.67, 125.23, 124.56, 122.85, 121.14, 115.61, 111.67,.