Markets Analysis (28/11/2012)

USDCHF (4-Hour) Sell

The USDCHF is under a falling trend chart pattern and so are its Trend and Wave indicators. Finally the up correction it was experiencing seems to be over as it is in overbought region and we can see two consecutive down candles. What are you waiting to sell then?

EURUSD (4-Hour) Buy

The EURUSD is under an Uptrend chart pattern and so are its Trend and Wave indicators. Finally the down correction it was experiencing seems to be over as it is in oversold region and we can see two consecutive Up candles. Time to buy.

 

Looks like correction is over  today. Several Up Trend currency pairs are in oversold regions and Down Trend pairs in overbought regions so take a look at the table above and see it for yourself.

Read about the Trend/Wave/Extreme system here.

The following is an analysis of the currency markets using the Trend/Wave/Extreme system under a 4-hour period. You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.