Thursday, September 22, 2011

FX/Currencies

We are getting similar action in the EUR/USD.

 FXE (Euro) 1 min

 FXE 5 min hasn't moved yet, we want to see confirmation.

 However the 15 min is positive.

 The inverse is the $USD/UUP and the 1 min is negative-so we have confirmation there.

 The 5 min hasn't moved yet, like the Euro.

And the 15 min is negative, so we have confirmation there.

Now that we are starting to move out of morning trade, the signals should get more serious.

No comments: