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What Currency Charts Say About European Debt Crisis

Currencies / Global Debt Crisis Oct 21, 2011 - 03:51 AM GMT

By: David_Grandey

Currencies

We have a pending news driven event out of the EU this weekend or maybe just more extend and pretend. So expect a lot of rumbles into it and of course misinformation and rumors too. What is going to happen is going to happen. We have no clue as to what though with the circus parade over there.


We will say this though, at All About Trends we are chartists first and foremost. That said take a look at the two charts below. One is the US dollar and the other the Euro.

Actually these two charts are classic All About Trends FIRST THRUST PATTERNS, one bullish one bearish.


What’s tricky is that in the past when the USD tended to take off stocks took it on the chin to the downside.


By the same token one look at the Euro shows that of a bearish pattern so you see there are some opposite correlations actually out there vs the all for one and one for all moves we’ve been seeing.

By David Grandey www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

    © 2011 Copyright  David Grandey- All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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