Friday, February 12, 2010

Forex Fridays

Click for a larger image

Prices are in a general up (A), down (B), up (C) pattern

Prices consolidated in a downward sloping pennant pattern at D.

E.) The EMA picture is bullish. The shorter EMAs are above the longer EMAs, all the EMAs are moving higher and prices are above the EMAs. Also note that prices are above the 200 day EMA and the 10 and 20 day EMA have crossed over the 200 day EMA.