Sunday, January 8, 2012

Forex Trading Signal Week #41 2011

January 1, 2012 by  
Filed under Forex Signals


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.

Hourly Chart
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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