Tuesday, January 10, 2012

Forex Trading Signal Week #40 2011

December 28, 2011 by  
Filed under Forex Signals

Forex Trend Analysis

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

As a whole, the trend for this pair is DOWN

Forex Technical Analysis

4 Hourly Chart
The price is currently consolidating within a symmetrical triangle. If you take a look at the MACD indicator, you can see that it is hovering around the zero line as well.

Overall Forex Analysis
I will wait for the price to produce a valid breakout of the symmetrical triangle to enter a trade.

Just to inform you guys that I will be starting a signal service due to high demand from readers of this blog. If you are interested to trade alongside me and receive information like when to enter a trade and where to place your stop loss and target profit, you can sign up for the notification list from the link below

Click Here To Sign Up For The Notification List

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Other Related Posts:

  1. Forex Trading Signal Week #1 2012
  2. Forex Trading Signal Week #35 2011
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  4. My Binary Option Outcome November 2011
  5. Forex Trading Signal Week #36 2011

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