Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Friday, December 3, 2010

EUR-USD Technical Analysis - 04 December 2010

At this moment the EUR-USD trend movement is somehow not very much predictable as MACD and Stochastic refuse to move in line. This is a place where traders usually got trapped.

Weekly chart: MACD and Stochastic not yet moving inline


4 Hourly chart: MACD and stochastic not yet moving inline


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