Weak EUR and Strong USD (26/09/2014)

After analysing the markets today we see some of the already established trends to continue in the markets. Amongst them is the weakness in EUR and strength in USD that we try to take into our advantage.

currency power 20140926

A quick analysis using our Currency Power indicator that shows how strong a currency is in the scale of 0 to 10 gives the above picture.

  • Strong USD and JPY
  • Weak EUR , AUD, NZD
  • Gaining strength  GBP,CAD,CHF

We find combinations of pairs that can be traded.

USDCHF (H4) BUY

The Trend/Wave/Extreme mini indicator is showing

USDCHF 20140926

  • The Trend Bar is Green filled pointing Up Trend
  •  Wave bar is Red while Extreme bar is neutral pointing a down correction that may have finished
  • A solid UpTrend Line
  • Correction so far has been 60 pips

Note: As the pair has not reached oversold region, is likely for more downward correction to occur.

EURUSD (H4) SELL

The Trend/Wave/Extreme mini indicator is showing

EURUSD 20140926

  • The Trend Bar is Red filled pointing Down Trend
  •  Wave and Extreme Bars are Green filled pointing an Up correction that may have finished
  • A solid Down Trend Line
  • Correction so far has been 60 pips

Note: If you are planning on selling this pair wait for two consecutive down candles as correction may not be over and the pair may move higher.

EURJPY (H4) SELL

The Trend/Wave/Extreme mini indicator is showing EURJPY 20140926

  • The Trend Bar is Red filled pointing Down Trend
  •  Wave and Extreme Bars are Green filled pointing an Up correction that may have finished
  • A solid Down Trend Line
  • Correction so far has been 70 pips

Note: If you are planning on selling this pair wait for two consecutive down candles as correction may not be over and the pair may move higher.

EURCAD (H4) SELL

The Trend/Wave/Extreme mini indicator is showing

EURCAD 20140926

  • The Trend Bar is fully Red filled pointing strong Down Trend
  •  Wave Bar is fully Red filled pointing strong momentum to the downside
  • Extremes bar is neutral showing there is still sufficient room to move lower
  • A solid Down Trend Line

Read about the Trend/Wave/Extreme system here

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