Monday, February 16, 2009

Trend analysis of EUR / USD on the basis of digital filtering

Graphic models.
Judging by the picture, the possible range of motion is within the 1.1980 - 1.2220.

At the 4-hour schedule of the average red, crossed the blue top, but the green Momentum continues to decline. The situation is contradictory.


Digital filtering.
During the afternoon schedule rather downward trend.

At the time schedule downward trend


Classic Tech. analysis.

At D1 the price is below the basic levels of resistance. MACD and Stochastics look down, but went into a zone of Stochastics and RSI pereprodannosti looking up. Possible correction of the downward movement.
At H4 price, just below major resistance levels. But the indicators give conflicting testimony. Stochastics looks down as RSI and MACD upwards.
At H1 price fixed by the major resistance levels, and indicators reached their averages. Consolidation.


Cross naughts
No change. The price fixed at the line of support, which remains significant.

Recommendations.
The decline is more preferable, but the correction is also possible. Prior to clarify the situation I recommend stay away from the market.

Successful trend!



Review prepared by: Dmitry Rannev
E-mail: rann@viac.ru

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