subject: Best Forex Training Guide [print this page] Best Forex Training Guide Best Forex Training Guide
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Each chart shows a very different story.
The euro to pound is at a all time high, so the play is to sell the euro, and buy the pound.
the 2 year chart shows the best picture. the 3 month chart shows a very nice double bottom, the Euro must fall below this level in-order for it to play out according to the political picture. So the euro falls here to or below the 0.705 mark. the two year chart shows the euro could fall to the 0.700 mark testing a previous high last year, best case her the euro drops to the 0.068 mark.
Now look at the chart for the pound vs. euro a different picture unfolds.
Again the 2 year chart shows the best picture, wile the 3 month chart shows a failed double top. The pound is at a all time low to the euro, one could only hope the trend continues, and the pound falls much lower, this trend may be beginning to revers,
as the 2 ,and 5 year chart may indicate. So the indication pound weakens below 1.35 is appealing, and would be the best case scenario. A divergence between the euro and Pound was indicated Friday, proving the euro should tank. wile the pound eventually strengthens to another record high. The queen is our leader?
Now lets look at the pound vs the U.S. dollar. Wile the 5 year chart shows the true strength of the pound, the 2 year chart, may show the best picture, wile the one year chart indicates a reversal, the one year chart proves the pounds overall strength. keep in mind the global economy, and how the U.S. is a key. A resection may be avoided here, the hope of the dollar weakening slightly more against the Canadian dollar,should indicate the turning point. The 2 year chart, pound vs U.S. dollar may indicate the pound will continue to fall, best case between 1.80 to 1.85. the big money is going to be made on the way up. be prepared to buy the pound if it get to this level Ideally.
the one year chart indicates a test of the previous 1.95 Low.
Now lets turn the chart upside down, enter U.S. Dollar to pound. now the 5 year picture is best for actually seeing the weakness of the dollar, and by looking at the 2 year chart we are already beginning to see the dollars strength turning up. wile the 3 month chart shows its strength sharply increasing. Look at the 1 year chart, for a reference point, here we see something that indicateswe will test the 0.52 previous high for the year with ease. wile the 5 year chart shows the trend reaching th January high of 0.57, anything above this level will indicate the U.S is out of the bathroom, wile a new 2 year high is made.
Now we look at the Canadian dollar vs, the U.S. dollar wile the 3 month chart clearly indicates the 5 year high made by the Canadians, against the dollar. the resent double bottom, here is also testing the 0.98.level. the two year chart indicates a reversal, slight weakness in the dollar here would be a plus, if you are to sell Canadian dollars, and buy U.S. dollars at 0.96 would be a guarantee, wile at the current price levels of 0.98 is a opportune moment to anyone wishing to make money, over a 3 month period, to 1 year time. The trend will indeed go higher, and beyond. I believe we avoided a resection, and the scandals are self contained to individual cooperations.
If you want to learn more secrets and techniques that really helped me make profit with Forex, Click Here!
