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Euro Dollar – Daily Chart 8th April 2009

Following the bearish engulfing signal of Monday Tuesday’s decline in the euro vs dollar came as no great surprise and despite an attempt to move higher in the early session, closed the day lower and below both the 9 and 14 day moving averages which...

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Euro vs Dollar – Daily Candle Chart 1st April 2009

With the G20 summit overshadowing all markets trading currency is also proving to be challenging at the moment despite all the usual fundamental news on the economic calendar, and this situation is likely to continue until Thursday evening with the conclusion of this event.    Many...

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Euro vs Dollar Daily Chart : 31st March 2009

This morning’s rally in the euro vs dollar pair was not wholly unexpected given yesterday’s candle of a small hammer which followed the wide spread down bar of last Friday.  With buying pressure clearly entering the market in the evening session of yesterday even this...

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Euro vs Dollar – Daily Chart 24th March 2009

Yesterday’s daily chart for the euro vs dollar ended the day with a long legged doji and provided us with an excellent trading signal for the short term.  This candle pattern is one of the strongest signals to trade and always indicates indecision and therefore...

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