10 January 2010

FX Line Charts : Nice and Simple

  • Clean line charts stripping out all the intra week noise.
  • GBP/USD : UpTL broken. Triple top around 1.6700. Awaiting weekly close below 1.5854 for better sell signal.
  • USD/JPY : DownTL at 92.40 broken on close, but only just.
  • USD/CAD : Downtrend. Last week's close below is 1.0392 significant. Next leg of selling begun.
  • EUR/USD : UpTL broken. Bear flag.

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