EURUSD - Trends, Forecasts and Implications (Part 2) - page 1681
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Here is the EURUSD forecast for next week, by day. The predicted value was(O+H+L+C)/4. I don't recommend to take it seriously, because the method is new and I haven't even tested it on the historical data, so I decided to test it online. Let's see what happens.
Forecast
Expectations(O+H+L+C)/4:
95% interval (just in case - with a 95% probability, future values(O+H+L+C)/4 will be in this interval) (min-max):
30% interval (min-max):
Evaluation of trends
The probability that the beginning of a strong downtrend is "missed" at the time of the forecast is 69.7%. I have not yet made an assessment of the trend characteristics.
Trading decisions
I have not finished this part yet, we should look at the forecast as a whole. For now we can focus on the forecast of the average.
PS: Picture
At the moment the eurodollar exchange rate is 1.3505
there is another opinion http://www.alpari.ru/ru/charts/ (and http://www.bloomberg.com/). It doesn't really matter, you have to look at the direction.
Looking for point 2.
How can you tell if it's point 2?
I'm looking at the exchange rate at the moment and it's 1.3525
I guess I'm behind the times. So, do people trade on weekends? And who supplies the quotes - just the DCs, i.e. without the banks? Just out of curiosity, where can I see the weekend quotes?
It's already been said everywhere.
http://www.xe.com/
either
http://www.actionforex.com/wkst/saxobank/quotes.htm
how do you define this point 2?
In a bull market, after a strong rise, there are sharp falls after which the rise continues; the fall is point two.
In a bear market, it's the other way around.
An example of a bullish wolf formation.
In a bull market, after a strong rise, there are sharp falls after which the rise continues; the fall is point two.
In a bear market, it's the other way around.
It's already been said everywhere.
http://www.xe.com/
or
http://www.actionforex.com/wkst/saxobank/quotes.htm