Tuesday, April 24, 2012

Forex Trading Signal Week #39 2011

December 11, 2011 by  
Filed under Forex Signals


Forex Trend Analysis

  • Weekly Chart: Weak Bullish
  • Daily Chart: Weak Bearish
  • 4 Hourly Chart: Strong Bearish
  • Hourly Chart: Weak Bearish

As a whole, the trend for this pair is DOWN for the week.

Forex Technical Analysis

4 Hourly Chart
The price is currently moving within a trend channel. It is due to the sharp upward movement and therefore the price is trying to move sideway to relieve the pressure.

Overall Forex Analysis

The past week has been pretty volatile. However I will wait for the price to create a valid breakout before entering any position. Although the overall trend is DOWN, the trend channel after the sharp movement is usually accompanied by another movement in the same direction as the sharp movement.

Other Related Posts:

  1. Forex Trading Signal Week #37 2011
  2. Forex Trading Signal Week #7 2011
  3. Forex Trading Signal Week #36 2011
  4. Forex Trading Signal Week #15 2011
  5. Forex Trading Signal Week #34 2011

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