Friday, June 01, 2007

Forex Charts Of Interest



The Australian dollar has formed a classic bull flag on the weekly chart.



The Euro tested resistance and has pulled back slightly. I'm watching for a potential breakout to new highs.



The yen is breaking major long term support against the British Pound and the Euro .



The Yen is testing the low of the year. I think we'll see new lows based on how weak the Japanese Yen is compared to the other major currencies.



This is the cycle I used to identify the low in the Canadian dollar a few months ago. This was my biggest trade of the year and it's still going higher!!!!

No comments:

Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites