Friday, October 16, 2009

Forex Fridays

1.) Prices continue to move in a downward path. Notice the downward sloping trendline and the bearish orientation of the EMAs -- all are moving lower, the shorter are below the longer and prices are below all of them.

2.) Prices are weaker

3) The MACD -- momentum -- continues to decline



1 and 2.) Prices continue in a downward trajectory, contained by two trendlines

3.) Prices have been weak for some time

4.) Prices continue to move through previously established points

5.) The EMAs are bearish -- the shorter are below the longer, all are moving lower and prices are below all of them