Forex Trading Signal Week #41 2011
This is my first post on the NEW 2012 Year. I want to take this opportunity to wish all of you a Happy New Year ahead.
I hope that you guys have profited from the 200+ pips down move last week after reading my analysis. The price does indeed break downward with a valid breakout.
Below is my analysis for this week.
Forex Trend Analysis
- Weekly Chart: Weak Bullish (UP)
- Daily Chart: Strong Bearish (DOWN)
- 4 Hourly Chart: Strong Bearish (DOWN)
- Hourly Chart: Strong Bearish (DOWN)
The trend for this pair remains down for the week.
Forex Technical Analysis
4 Hourly Chart
There is a formation of Positive MACD divergence on this time frame which is a sign of possible upward movement coming.
On this time frame, you can see that there is a trend channel formation which is a sign of consolidation.
Overall Forex Analysis
In this case, we have a bit of a confusion in signal. We have a positive divergence form on the 4 hourly chart telling us to go LONG but we have a trend channel after a big down move on the hourly chart telling us to go SHORT.
I will wait for the price to create a valid breakout on either side to enter a trade.
For those of you who are still struggling to make money trading. I hope that you will take this chance of joining my binary option signal where I will tell you when to enter a trade so that you can make money in trading for this new year.
This service will be available soon within these 2 weeks and I am only taking in 250 people with me. So you can sign up for the notification list so that I will let you know when the service is available so that you can sign up as the first 250 people.
Click Here To Sign Up For The Notification List
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