Friday, December 18, 2009

Forex Fridays

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A.) Prices are in a clear uptrend now and have moved through key areas of resistance. Yesterday prices printed a strong and solid bar.

B.) The EMA picture is turning bullish. All the EMAs are moving higher, the 10 day EMA has moved through the 50 day EMA and the 20 is about to. In addition, prices are above the EMAs

C.) The relative strength is increasing, indicating prices are getting stronger relative to other prices

D.) Momentum is increasing as well.

A.) Prices have broken through the upper trend line that contained prices.

B.) prices are getting stronger

C.) The MACD has given a buy signal.

The daily and weekly charts have lined up to give a combined buy signal. The question is why? What is the (if any) fundamental reason for this change?