Technical Analysis

By Jerry Furst - Sr Analyst
Investors Education Network
The US Dollar Rallies against the Swiss and the Euro
Head and Shoulders
The 2 Hour chart on the Euro shows a decent Head and Shoulders Pattern that completed after taking a Thanksgiving Day pause. The Chart Below Shows the Inverse Correlation between the Euro and the Swiss back in sync […]

Good News and Signs Emerge
The US Consumer is feeling more optimistic, and the President Elect continues to show he is working hard at putting together his team to address the US and World economic situation.
The Currencies React
At 8:30 the news hit the charts that the US GDP came in at the consensus number of -0.5% growth.
The […]

Greenback Rally Strides On  
My last post on November 18th showed the USD-CHF getting to a pinnacle point of decision as the chart showed a beautiful upward trend channel that was getting narrower and narrower – so a trend line break was immanent
 
Charts Past and Present
The chart above shows that the Dollar decided to break […]

Dollar Rally Pauses - Charts Tell The Story
The Dollar may be poised to retrace as several bad numbers are out again so far this week, GM is still teetering on either Bankruptcy or Bailout, and Wednesday is bringing CPIand Housing Data that may poke the charts around a bit. Take a look at the following three […]

Dollar Acting Schizoid Ahead of G20
The “normal” correlations of currency pairs was anything but – as the Euro surged from the 1.2500 range to over 1.2850, while the Pound Sterling lost ground most of the day closing relatively unchanged at around 1.4800. Meanwhile the Carry Trade continues it’s gyrations as the dollar gained ground against […]

By Jerry Furst - Sr Analyst
Investors Education Network.com
The Week That Was: Nov 3 - 7 
Last Tuesday’s Historic US election of Barack Obama was followed by disappointing reaction from the markets, with ADP employment numbers confirming contraction on Wednesday. Thursday  got started with a monster 1.5% surprise interest rate cut by the Bank of England, and Friday closed the […]

Pre Non Farm Payroll Numbers Disapointed early Wednesday as
Interest rate Cuts of 50bps expected from BOE and ECB are expected Thursday no shock to the charts expected - expect the unexpected.
November 5th, 2008 - Nothing but Down
 
Above - The Major Indexes and the VIX-Volatility Index 5 Minute Charts
USD-JPY 4 Hour Chart breaking Support (click to enlarge)
Finally - […]

By Jerry Furst - Sr Analyst
Investors Education Network
 
The Dollar - Gives and Takes
The past few days have seen the US Dollar give back a small portion of it’s historic rally - save the Yen… This despite factors that fundamentally - “in normal times” - should have hammered the greenback. The biggest factor being the FOMC […]

By Jerry Furst - Sr Analyst
Investors Education Network
The Bernanke team at the FOMC is expected to lower rates by as much as 50 bps tommorrow. This as Jean Claude Trichet at the ECB, and the Bank of England are under pressure and telegraphing that they too will be lowering rates.
 
Live Webinars on FOMC and US GDP […]

By Jerry Furst - Sr Analyst
Investors Education Network
Last Weeks Chart Analysis Results
700 Pip Targets Hit in 48 Hours - Dollar Continues Amazing Rally - Technicals Look Great
Greenspans Admits to Flawed Reality of Greeds Span
The Senate oversight committee with testimony from former chairman Greenspan, Treasury Secretary Snow, and SEC Commissioner Cox was barely covered by the […]