Dollar Rebounds - After Historic Fall and Rise

Posted by Jerry Furst Published in Canadian, FX, Forex, Fundamental Analysis, News: Scheduled and Breaking, Pound, Technical Analysis, oil, technical analysi, trading, trend channel

By Jerry Furst- Sr Analyst

at Investors Education Network.com

Currencies and Commodities Wild Week >This past week has seen Oil drop below $34, and although Gold made some moves upward towards the $900 mark after the historic federal reserve announcement on Tuesday that they will use all means necessary to get the economy back on track -Gold plunged back to the $830 range at the end of the week.

Euro Dollar Give and Take

EUR-USD 4 Hour Chart (click to Enlarge)

In one months time the Euro ran up approx 2300 pips and on Friday gave back over 800! This after the Euro fell from the 1.4800 range from September 22 to make lows around 1.2300 back on October 27 - These are amazing one month moves!

Monthly Charts Show the Picture

Pound Gets Pounded - Falling Hard

Above: EUR-GBP Monthly (Click to Enlarge) : Euro - Pound Screaming Towards Parity!

Canadian Loonie Analysis Trend Continues

USD-CAD 30 Min Charts (click to enlarge) The Down Trend Channel continues - Charts from Dec 15, 16, and 19th show the progression

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