Buy USDCHF or Sell EURUSD, both point buy USD (12/11/2013)

Today we are looking two counter-correlated pairs pointing towards the same thing. Buying the USD. Two trading opportunities two either buy USDCHF or EURUSD.

Read about the Trend/Wave/Extreme system heretwx 12.11.2013 Looking at the Trend/Wave/Extreme original indicator today we can see that all the Trend Indicators are pointing towards USD strengthening. EURUSD,GBPUSD,AUDUSD,NZDUSD are pointing down  while USDJPY,USDCHF,USCAD are pointing up. We investigate a trade in two of them.

USDCHF (4 Hour) Buy

USDCHF 12.11.2013

The  Trend/Wave/Extreme mini view indicator is showing us

  • Trend bar is Up Green filled pointing Up Trend
  • Extremes bar is Down Red filled pointing the pair is oversold
  • A solid up trend line chart pattern

It appears that an uptrend finished a down correction and should resume its up movement

EURUSD (4 Hour) SelleurUSD 12.11.2013The  Trend/Wave/Extreme mini view indicator is showing us

  • Trend bar is Down Red filled pointing Down Trend
  • Extremes bar is Down Red filled pointing the pair is overbought
  • A solid down trend line chart pattern

It appears that a downtrend finished an up correction and should resume its down movement.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.