Overview:
The euro did not strengthen the downside signal and it is about to be cancelled, the price fixated below the Kijun-sen, which weakened the current buy signal even more, therefore a new sell signal is expected to be formed in the nearest time. The formed buy signal is confirmed, but weak since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. Thus, at the moment it is recommended to wait until the current signal strengthens or a new one is formed, in the first case the first target for the upside movement is 1.3981 – the second resistance level. If a new sell signal is formed the target will be the first support level at 1.3463. Upside movement remains while the price is above the Kijun-sen (1.3630), if the price fixates below this line (which has happened) it is recommended to cut long positions. The Chinkou Span is above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show sideways movement, the lines are not diverging and directed sideways, which denotes a flat. The MACD is ascending, which indicates current downside movement.
Trading recommendations:
Currently it is recommended to wait until the current signal strengthens or a new one is formed. A new sell signal is more likely to be formed. In this case the targets will be the closest support levels..
http://instaforex.com/forex_analysis/23055/?x=OUE
C-GB
C-GB Algo Hedge Fund,with the Best Pamm Account Managers,a pure systematic (automated) trading program which is quite different than most as it utilizes sophisticated algorithms , our Fund provides exceptional strength, and stability. Trading Forex, CFD's Gold,Oil,Futures, New Clients Receive Free Start-up Capital -No Catches No Risk- Invest in C-GB Algo Hedge Fund open an Account in Minutes Below.
No comments:
Post a Comment