After looking at the long term trend on the monthly currency chart, it's time to take a look at the weekly
chart. If you miss an entry point on the monthly chart, you can often times get a second
chance by watching the weekly chart. It is important to always trade with the primary trend, which
can be easily found using a weekly or monthly currency chart.
This is a weekly Euro Candle Stick chart where each bar represents 1 week of trading.
We use the Euro vs. The U.S. Dollar since that is the most actively traded currency cross ( or pair ). The
Blue candles are weeks when the euro rose and the red candles are when the Euro fell against the dollar. The
lines are the 10, 20 and 50 week moving averages.