Don't Ignore This Chart!

This Foreign Country ETF Is Starting To Outperform

 | 

The Japanese $NIKK has started to break out to the upside. However, the currency is dropping. For investors, we have seen this movie before. Using the ETF's that hedged the currency worked out much better for investors last time the Yen dropped and the $NIKK soared. Below is a chart of the DXJ and you can see this trade setup back in 2014. This is hedged to the Japanese Yen and is becoming one of the top performing ETF's based on price action again. 


Using an SCTR above 75 can help find some of the strong country ETFs. I'll be covering this off on my


Commodity Countdown Webinar 2016-10-27. Click to register!

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus