We may see strong us. Dollar at the next period of timeeur/usd double top at the end of up trendgbp/usd penetration of the lower end of the triangle forming larger degree of down trendusd/chf broken correction channel and start of new up trendaud/usd broken riseng wedge at up trend and formation of rapid down trendusd index broken upper limit of correction channel
my first post i want to thank you medo because of your unique analysis method which containes the calssic chart analysis and intermarkets analysis ..... and waiting for more topics and charts from you ......
what i mean with the new age is that we have new clear trend of the main pairs as the american dollar show strength supported by down trend of the gold and down trend of crude oil confirmed by the end of this week
best regards
thnx abdl rahman and ahmad sameer
hellow again...............
to continue our view inside the fx market we must noice that there r hight probabilty of correction this week on the main pairs of dollar as the dollar index chart shows over bought signs on th RSI indicator and there r strong resistance area between the values estimated on the attatched chart
and we will have on of the following senarios
1- correction of the shape of accumulation between two levels
2- some retracement followed by penetration of the resistance levels directly
3- less probable pentration of the resistance area without any retracement
and that view of near correction supported by probable correction that may happen in other related markets as the gold market as the down trend showing support area(stronge one)as estimated on the attatched chart
and to crude oil market chart showing obvious divergance on MACD indicator that make the support level of 110.30 dollar is of some importance
hellow again...............
to continue our view inside the fx market we must noice that there r hight probabilty of correction this week on the main pairs of dollar as the dollar index chart shows over bought signs on th RSI indicator and there r strong resistance area between the values estimated on the attatched chart
and we will have on of the following senarios
1- correction of the shape of accumulation between two levels
2- some retracement followed by penetration of the resistance levels directly
3- less probable pentration of the resistance area without any retracement
and that view of near correction supported by probable correction that may happen in other related markets as the gold market as the down trend showing support area(stronge one)as estimated on the attatched chart
and to crude oil market chart showing obvious divergance on MACD indicator that make the support level of 110.30 dollar is of some importance
I agree with you medo and i see a good signals in gbp/usd .... look at my chat
the correction started today............and there r formation of harami cross which is important pattern speiaclly when the RSI SHOWS OVERBOUGHT
THNX AHMAD SAMEER
now we update our charts to see the start of correction at the dollar index and gold markets and the cruide oil market down trend started to lose its momentum...........to be continued
Start of the New Age of Pairs Today
Linear Mode
