The dollar in the near future, expect failure. You can invest in euros or Japanese yen. Also good prospects for the Chinese yuan.



eur/usd, wekly schedule.
Trend upwards. Price above the clouds Ishimoku, Tenkan above Kijun, Chinkou span higher prices. In the situation, selling might be dangerous and unprofitable, better to buy on price rollbacks.

Price rose next, a rather strong resistance line, which was a support line since January 2002. The first test breaking this line a couple of weeks ago was not successful, the price pushed off and jumped back a little. V now formed a triangle, a breakthrough line of the triangle in which either side will determine the future direction of this pair.


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I am currently out of the market. I think what should happen an event that in the near future will show the future direction of the dollar.
Could it happen today, because today is Friday. Recently there have been significant developments on Friday.
But on the economic calendar today there is no important events.

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Added on November 13, 2009, 4:35 pm
Markets are unpredictable only for those who can not understand the market. )

This post has been edited by Vertex123: Nov 13 2009, 04:35 PM

I agree with you. In Russia, a very poor financial literacy. Basic knowledge in economics do not even know the directors in the companies.

Therefore, they have persistent difficulties in the business.
I know one large enterprise, which is already 5 years old barely working, because there assistant director of education and does not know the basic laws of business.

Also know another such as textile enterprise, where the master director of textile production.
This company is actively developing. They are located 30 miles from each other.

One is trying to buy low-quality raw materials, delayed wages, sells its products very expensive, with warehouses full of merchandise.
The other is to buy quality raw materials, manufactures and sells high-quality fabric inexpensive. As a result, the demand for its products grows more and more. It receives revenue from the increase in production.

I've been recently, so not really deal with this forum. But the issue about the dollar, will continue to adhere to this theme.