Currency Messages From Several Views

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Each week in NFTRH we review the multi-currency (weekly) chart and occasionally take a look at various pairs and ratios as well.  With the look of things this year (so many items are going sideways) it is hard to fathom how anyone would want to be a FOREX jockey right now.

The multi-index chart shows Uncle Buck, Euro, Canada Dollar and Aussie Dollar going sideways with only the bias varying (e.g. CDW looks bearish and XAD tinged bullish).  What a boringly sad crew with the exception of the Yen, which is still in rebellion (breakout) mode and the terribly bearish GPB, which could be making a bounce pattern.


USD-EUR is in an ugly pattern above support. (more…)