Wednesday, January 14, 2009

Euro Currency Update



On January 4th I posted a chart which explained exactly why I was bearish on the Euro and Swiss Franc. Since then both markets have sold off. I still think we will see further weakness for these two currencies in the weeks to come. You can read the originally post from January 4th by clicking here.

5 comments:

Anonymous said...

I assume you are not still long the market. Are you still short the UK pound and Canadian dollar?

Frank

Kevin said...

Hi Frank,

I took a loss on the Q's so I am not long the NASDAQ anymore. I'm not sshort the Pound but I am short the Euro. I was short the Canadian Dollar back in December but quickly got out at a loss when it appeared that the break to the downside was a fakeout.

Rose said...

Your graphical representation is wonderful and interesting. One can understand easily with the help of these charts. Thanks

Brendan Lee said...

Seems like you are trading currency futures and not spot FX? Any reason why?

Kevin said...

I trade forex but I originally got my start trading the futures markets so I am just more comfortable analyzing futures charts.

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