The downside trend on H4 is on hold. Whether it will continue or not depends on the key data from both EU and US next week. Lets see.
JUEGACCH's Blog
Day11
Valeria Bednarik, FXStreet's own Chief Analyst writes: “The 4 hours chart for the pair shows that it is at risk of extending its decline, as technical indicators maintain their bearish slopes in negative territory, although the path is not that clear, as the pair has several supports accumulated in a tight range, a bullish 100 SMA, a daily ascendant trend line, and multiple lows in the 108.70 region, from where the pair has been bouncing this month.
no matter you believe it or not, I think this …
no matter you believe it or not, I think this …
Day10
I could have gained at least 24 pips, but due to the STUPID rule of the trader's contest, where an instant market order would get punished, and one must stick to a limit/stop orders with 5 pips distance. And guess what, the limit order was not triggered!!!! Great!!!!!!!!!!!!
Day08
EURUSD goes further down, but the trend is not that strong as expected, and the break is not so abrupt. Watching to be safe.
Day08
nothing special today. no clear signals or whats so ever. Waiting for tomorrow to see if any new entering points appear.
Day06
Same pattern can be seen on the monthly chart of EURUSD from about 20 years ago. EUR go down like hell that time. Will this be the same this time?
Day05
GBP is still an interesting currency to monitor. It current is behaving quite week, and the pattern on H4 is showing a continuation. Waiting for break.
Day04
Nothing special today, according to my system. No signal, no orders are done. Lets see what happens next week. Good weekend, guys
Day03
A quite day without much signal appearing. The strong trend of USD is currently hitting the ceiling. Patience is good.
Day02
Weak GBP and strong USD, CAD is the rythm of the week. Waiting for valid break to join the trend.