Two Trend-lines To Watch
- Posted by TheArmoTrader
- on January 29th, 2012
The Dollar and Euro have been moving in opposite directions for the last three weeks. Both have basically been moving in a constant trend; The Dollar has been moving down, while the Euro has been moving up. If the dollar breaks the down trend-line, markets might take notice and start reversing/pulling back. If the Euro is a gauge for risk, a break of that up trend-line (especially with all the Euro news/worries that came out this weekend) could be a signal for risk-off, thus causing a likely pullback in the market. Keep your eye’s on these pair of trend-lines if you have long exposure to the markets.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Jerry Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science. He started trading in September of 2008. He concentrates on using technical analysis and reading the tape to enter the best risk/reward trades. The stock market to him is one of the greatest inventions by man.
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