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


Share and Enjoy:
  • Digg
  • Sphinn
  • Facebook
  • Mixx
  • Google Bookmarks
  • Propeller
  • StumbleUpon
  • Technorati
  • TwitThis

Other Related Posts:

  1. Forex Trading Signal Week #40 2011
  2. Forex Trading Signal Week #37 2011
  3. Forex Trading Signal Week #38 2011
  4. Forex Trading Signal Week #7 2011
  5. Forex Trading Signal Week #15 2011

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!