Sunday, October 31, 2010

Chart analysis of every FX pair versus the dollar on 3 time frames.

My hand notes, and rational basis for choices are in the attached pictures.

I looked at all the major forex pairs compared to the USD. 

Results were startling.   For all 24 Pairs

                  Short Term        Medium          Long (over 2 years)

Bullish            17                    13                      10
for USD

Bearish            0                       7                       7

Neutral, or        7                       4                       6
No Data

Then I looked at my off the cuff, Major trading partners, and I included CHF Swiss Franc.

              Short Term        Medium          Long (over 2 years)

Bullish            7                    7                     5
for USD

Bearish            0                    0                      2



2 comments:

Insightful and Useful Comment!