Trend/Wave/Extreme Analysis

 

Time to buy the US Dollar again 21/05/2013

The US Dollar has been gaining consistently over the previous week against nearly every currency in the board. Yesterday we the saw however the US Dollar pulling back a bit. Possibly some people who were long the USD decided to take their profits. What does this mean for you as a trader ? It is time to buy USD again.

NZDUSD/AUDUSD (4-HOUR) Sell

Why Sell

•A strong downtrend line

•Trend (long term indicators) are pointing down

•One extreme indicators pointing overbought

•Chart pattern shows a bounce has occurred after an upwards correction.

Read more about today's analysis here, and about the Trend/Wave/Extreme system where this analysis is based on here.

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Buying the oil

Buying the Oil.

The rise in Oil stockpiles brought the value of Oil lower continuing its decline over the past couple of days. With the overall trend however being up it’s an opportunity to get in this and buy oil.

Oil (4-Hour) Buy

Why Buy

  • A strong up trend line formation
  • Trend (long term) indicators are pointing up for both the 4-Hour and Daily timeframe
  • Wave (short term) indicators for 4-H and Daily point down being consistent with the trend under 1-H (a shorter timeframe)
  • Extreme indicators under 4-Hour point oversold while neutral under 1-Hour and daily
  • Support was found and bounce occurred after the 38.2% Fibonacci retracement level

Read more about today's analysis here, and about the Trend/Wave/Extreme system where this analysis is based on here.

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To celebrate our 3 consecutive successful trades we are giving for June free MT4 indicator of the Trend/Wave/Extreme system.

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We were quick to spot a head and shoulder pattern being formed on the USDJPY . Hence we are selling.

Trend/Wave/Extreme system is showing that all the Long and Short Term indicators are pointing Up , while none of them Oversold.

More here

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On Friday (31.05.2013) we pointed a sell trade on USDJPY following a head and shoulders formation.

Check out herehow this trade made us 180 pips and about the Trend/Wave/Extreme system where this analysis is based on here.

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USDCF(4-HOUR) SELL

Why sell

A continuous down trend line

Trend (long term) and Wave (short term) indicators are all pointing down

None of the Extreme indicators are pointing oversold

Two consecutive down candles formed

Read more about today's analysis here, and about the Trend/Wave/Extreme system where this analysis is based on here.

Files:
usdchf.jpg  193 kb
 

And yes we keep on making money .

Check herehow our last trade to Sell USDCHF made 115 pips quick.

Read about the Trend/Wave/Extreme system here.

Get your FREE copy of the indicator here.

 

Selling USDJPY/EURJPY

Why sell

  • A down trend line being apparent
  • Trend (long term) are pointing down
  • Extreme Indicators are pointing overbought

Read more about today's analysis here, and about the Trend/Wave/Extreme system where this analysis is based on here.

Files:
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usdjpy_1.jpg  194 kb
 

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View commentary about possible actions.

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USD oversold after Federal Reserves Minutes (10.07.2013)

USD has reached oversold region against many currencies making it a good buy opportunity.

Read more about today's analysis here, and about the Trend/Wave/Extreme system where this analysis is based on here.

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Shorting the USD for over 100 pips

An opportunity to short USD through EURUSD ,GBPUSD,USDCHF

Read more about today's analysis here, and about theTrend/Wave/Extreme system where this analysis is based on here.

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