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trendline News

400+ Point Dow Jones Loss Sends US Dollar, Japanese Yen Higher - Watch for Further Losses (Daily FX via Yahoo! Finance)
The Dow Jones Industrials Average finished 427 points lower on the trading day, sending both the US Dollar and the Japanese Yen substantially higher through the close. In fact, the Dow closed below a key 10-year rising trendline, and a continued breakdown would suggest that the decade-long Dow uptrend is over.

Post of the Day: USD/CHF (Daily FX via Yahoo! Finance)
Student?s Question: How is this for an example of using a trendline in trading?

Post of the Day: USD/CHF (Daily FX)
How is this for an example of using a trendline in trading? You definitely have the right idea here...buy on a pullback to the trendline. Should a candle close below the trendline, it could indicate a change of direction...well done.

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