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FEB 23, 2013 - Zero Hedge

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Currency Positioning and Technical Outlook: A Look at the Long Term Charts

The Lebanese-American poet Kahlil Gibran observed that sometime a mountain is clearer to a climber from the plain rather than the summit.  In this spirit, we take a step back this week.   Given the sizable moves in the foreign exchange market, we thought it might be useful to look at the long-term technical picture of the major currencies.  Rather than provide analysis using the daily bar charts, we look at the weekly and monthly charts.   Euro:  The recent price action has pushed the single currency through the uptrend that has been in place since ECB's Draghi ... Read More

Tags: Currency Positioning and Technical Outlook: A Look at the Long Term Charts,  Japanese Yen Latest News