Markets Trend/Wave/Extreme Analysis (13/11/2012)

It can be seen that the US Dollar and Japanese Yen are gaining so it would be wise to take a trade favouring these currencies besides selling AUDUSD as its trend and wave seem to be up.

Selling NZDUSD seems the best thing to do at the moment as it has a downterend whose upward correction seems to ending as it is in an overbought region.

You can also Sell EURUSD,GBPUSD,EURJPY, EURJPY,USDJPY as they follow downtrends and are approaching overbought regions.

You can Buy USDCHF once you get more confirmations that it has become oversold

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.