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Dynamic Trader Blog - Forex Chart Pattern Signals

Thursday, October 18, 2007

Euro Highs



Charts courtesy of Advanced Get and Metastock. Data provided by eSignal and Quote Center.

Good Morning,

Yesterdays set up on the AUDCAD was a no go and I was stopped out based on my aggressive strategy. However, the technicals are still relevant and valid unless we deal below certain support levels.

The top chart (Advanced Get) today is showing the Daily Euro and reaching its recent all time high. The Euro chatter is for this to head to 1.43 the figure and is currently standing at 1.4250. The MOB is slightly above the chatter value and Get Osc is showing divergence. We have a previous long on this and today have managed this trade.

The chart below (Metastock) is showing a Euro Yen sell signal. I also have a bearish signal on here and although not shown on the chart, we also have an 886 reversal coupled with a Doji. In addition MACD is diverging. This might be worth analyzing or putting on to your watch list.

I have added todays commentary below again for you all to read as I have had many requests for this now. I see some of you are beginning to understand how to use it to your advantage. My only drawback of continually updating the website with this information is it actually takes a while to copy it over. However, it is here for you guys again.


Currency Value Changes (Calendar-Based)

Today
In general, today the New Zealand Dollar (USD) gained the most value, with the Canadian Dollar (CAD) gaining the next largest amount against all other G8 currencies.
In general, today the US Dollar (USD) lost the most value, with the Australian Dollar (AUD) losing the next largest amount against all other G8 currencies.

Current Calendar Week
In general, since the beginning of the current week, the Japanese Yen (JPY) gained the most value, with the Swiss Franc (CHF) gaining the next largest amount against all other G8 currencies.
In general, since the beginning of the current week, the New Zealand Dollar (USD) lost the most value, with the Australian Dollar (AUD) losing the next largest amount against all other G8 currencies.

Current Calendar Month
In general, since the beginning of the current month, the Canadian Dollar (CAD) gained the most value, with the Australian Dollar (AUD) gaining the next largest amount against all other G8 currencies.
In general, since the beginning of the current month, the Japanese Yen (JPY) lost the most value, with the Swiss Franc (CHF) losing the next largest amount against all other G8 currencies.

Current Calendar Year
In general, since the beginning of the current year, the Canadian Dollar (CAD) gained the most value, with the Australian Dollar (AUD) gaining the next largest amount against all other G8 currencies.
In general, since the beginning of the current year, the US Dollar (USD) lost the most value, with the Japanese Yen (JPY) losing the next largest amount against all other G8 currencies.


Currency Value Changes (Trading-Based)

Today
In general, today the New Zealand Dollar (USD) gained the most value, with the Canadian Dollar (CAD) gaining the next largest amount against all other G8 currencies.
In general, today the US Dollar (USD) lost the most value, with the Australian Dollar (AUD) losing the next largest amount against all other G8 currencies.

Recent Trading Week
In general, over the most recent tradable week (not calendar week) the Canadian Dollar (CAD) gained the most value, with the Japanese Yen (JPY) gaining the next largest amount against all other G8 currencies.
In general, over the most recent tradable week (not calendar week) the New Zealand Dollar (USD) lost the most value, with the Australian Dollar (AUD) losing the next largest amount against all other G8 currencies.

Recent Trading Month
In general, over the most recent tradable month of time (not calendar month) the Australian Dollar (AUD) gained the most value, with the Canadian Dollar (CAD) gaining the next largest amount against all other G8 currencies.
In general, over the most recent tradable month of time (not calendar month) the Japanese Yen (JPY) lost the most value, with the US Dollar (USD) losing the next largest amount against all other G8 currencies.

Recent Tradable Year
In general, over the most recent tradable year of time (not calendar year) the Australian Dollar (AUD) gained the most value, with the Canadian Dollar (CAD) gaining the next largest amount against all other G8 currencies.
In general, over the most recent tradable year of time (not calendar year) the US Dollar (USD) lost the most value, with the Japanese Yen (JPY) losing the next largest amount against all other G8 currencies.

Good luck today.