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

Sunday, December 5, 2010

EUR-USD Technical Analysis - 06 December 2010

Intra day trend of the EUR-USD is moving upward with the expected ideal target range up to the red line (middle of the bollinger band's line) as shown on the chart below.
In the intermediate-term perspective the pair is moving sideways gradually paving the way for the long-term down trend.
Therefore in the long-term expectation the EUR-USD should be going for long period of downtrend as the triangle is getting to completion.


Post Office Tracking Renew Antivirus Store

No comments:

Popular Posts