We have now seen one more currency see its trend turn against the USD. The Euro has now made its first buy signal above the trend line against the US dollar since the beginning of the big decline in July of ‘08. You can see on the chart how it made a very strong attempt [...]
As you know if you follow our forex investment blog we have been long the AUDJPY for over 2 months now as you can see from this post (Forex Investing – AUD/JPY Trend Change – Go Long). Our initial entry position was at 62.15 with a 2% capital risk and 125 pip stop loss. The [...]
In recent blog posts we have shown you how the USDCAD, AUDUSD, and NZDUSD have all changed trends and now we have another currency showing strength against the US dollar. The Swiss Franc (CHF) has now broken the trend line and looks to strengthen against the USD.
Looking at the chart we can see that the [...]
The US Dollar is starting to see several of its trends changing. We have seen the AUDUSD and the NZDUSD charts both change trends and gain strength against the USD. Now we see the Canadian Dollar do the same thing as this week it has broken the trend line on the 1% point & figure [...]
