Using long term charts to review the trading environment

December 17th, 2007 expert Posted in FOREX TRADING STRATEGIES and CONCEPTS, FOREX TRADING ENTRY STRATEGIES |

Online Forex Trading Topics: Long term charts, analysing the trading envirinment, new highs and lows, trendlines violations.

Most of the currencies have either broken through major trendline resistance / support or started making new highs / lows. This is a period when the bulls and bears have their biggest fights. The monthly and weekly charts below shows the status of all currencies. The analysis of the relative strength of currencies available on the blog shows how weak the US$ and JPY is compared to the EUR and GBP. We will therefore be favouring buying the EUR / GBP as they are strong and selling the USD / JPY as they a weak in the next few weeks. We will also be increasing the size of our stops and targets.

Please click on the charts below to enlarge them.

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www.Expert-4x.com is a sponsor of this free educational blog and uses many of the concepts high lighted in these postings for its daily alert services.

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Disclaimer:-The information on online Forex trading presented on this webpage should not be regarded as forex or currency trading advice. Currency trading and fx trading is highly speculative and should only be done with risk capital. Foreign Exchange prices rise and fall and past performance from currency trades is no assurance of future performance. This online forex trading webpage is a currency trading information and technical analysis webpage only. Accordingly, we make no warranties or guarantees with respect to the correctness or validity of its content. Forex traders making use of the online currency trading information presented do so at their own risk. The information provided herein does not take into account their forex investing objectives, financial situation or needs of any particular person. This site is not intended to by used as the only source of currency trading information or forex education. It is important and assumed that traders use sound trading principles when using the online forex trading information on this currency trading site. This includes trading common sense, sound money and risk management and full personal ownership of any trading decisions. Investors should obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision