Forex Friday's

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Notice the following on the weekly chart

-- Prices have dropped to about the 58.2% Fibonacci retracement level from the late 2007 rally

-- The 10 week SMA is moving lower

-- The 20 week SMA is providing upside technical resistance

-- The MACD has topped out and is now falling

-- The RSI is falling



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-- Prices have been rallying since mid-December, but

-- Prices have run into upside resistance at the longer-term trend line

-- The 50 day SMA is moving lower, but at a slight angle

-- The 20 day SMA is moving lower but

-- The 10 day SMA is moving higher

-- Prices and the 10 and 20 day SMA are in a tight configuration

-- The RSI is rising and

-- The MACD is bottoming out and is looking to move higher

Bottom line: there is a lot of conflicting information on this chart.