Friday, October 30, 2009

Currencies Post

See the bottom weekly chart for the final answer.

EUR/JPY Daily- wedging with big support. Indicators look like they will drive to the bottom and the coinciding bounce looks very probable.

DXY 60m - Possible inverse H&S leading to a breakout?

EUR/USD long term wedge

EUR/USD 60m - See the wedge and lower support. S Sto not bottomed quite yet, MACD does not look good and RSI still headed south.

My Weekly dollar chart - NO DIVERGENCE IN RSI.

GL Trading.


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