Market Folly's  Instablog

Market Folly
Send Message
Market Folly is your go-to source for all the latest activity from prominent hedge funds. We're pleased to announce our brand new quarterly newsletter, Hedge Fund Wisdom. In it, you'll see what the hedge funds have been buying and selling. We track 25 of the most prominent managers in the game... More
My company:
Hedge Fund Wisdom
My blog:
Market Folly
  • Technical Look at the Euro 0 comments
    Apr 30, 2010 1:40 PM

    We very rarely focus on forex, but we wanted to post up MarketClub's latest technical look at the euro given that we've previously mentioned how hedge funds were massively short. Adam pulls up the EURUSD chart and notes the obvious downtrend where the euro has been getting hammered and the US dollar rising. Pulling up their trade triangle indicators in the video, they can quickly identify trends. Currently, they see that the daily, weekly, and monthly are all negative. Their indicators have had a 63.63 winning percentage in the euro over the last 8 years so they've definitely been profitable signals. Their triangle technology caught the latest downward move and we'll have to wait and see when they receive their next signal. Again, we don't cover forex on the site but for those of you interested we thought we'd direct you to MarketClub's technical look at the euro utilizing their signals.

Back To Market Folly's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.