Saturday, March 14, 2009

EUR/USD Weekly Chart - Bullish?


Note break of steep downtrend line and Morning Star buy signal off double bottom with positive MACD. Stock traders might consider buying FXE.

5 comments:

  1. egh, though im inclined to agree about the candle set up, its a very nervous chart structure for me.

    if we're using the ETF's, doesnt FXE and FXF look pretty similar?

    and look what they did to FXF this week. YIKES, thats a dip.

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  2. Yeah, I know, I'm not going in 'at the market.' But I'm going to look for an entry point on the daily. Central Bank intervention trumps T/A. One of the pitfalls of Forex trading. Thanks for checking in. Feel free to post stuff if you like.

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  3. yeah i hear ya.

    since your into A/D, i figure you might be interested in this link below

    http://traderfeed.blogspot.com/2009/03/nyse-advance-decline-line-identifying.html

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  4. Ryan, Thx. That's great stuff. I signed up for his Twitter comments.

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  5. yeah, he does a lot of great work. definately one of the good guys. i keep meaning to buy his book but the blog is filled with so much i dont know how id ever get around to reading it.

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