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

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Other Related Posts:

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  2. Forex Trading Signal Week #35 2011
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  5. Forex Trading Signal Week #36 2011

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