Daily Forex Markets Analysis (13/3/2013)

Read about the Trend/Wave/Extreme system here.

The US Dollar continues to ease against most of the currencies. The AUDUSD looks like is gaining and a new uptrend if forming while the USDCAD still moves sideways with a potential down move waiting to occur.

USDCHF (4-HOUR) BUY

This trade was previously recommended and looks even better now

Why Buy

-A continuous Up-Trend holding

– Up Trend line support held

-Trend Indicators pointing Up

-1 Extreme Indicators pointing Oversold

-Down correction should be over ,as seen by  the doji candle being formed

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.