USD long and EUR short (27/10/2014)

Today at the start of the week we see several trading opportunities arising.
They have to do with opportunities to go USD long and EUR short .

Looking at the simple form with percentages of Trend/Wave/Extreme indicator.

USD long and EUR short

  • EUR vs USD and AUD is downtreding overbought
  • USD vs EUR ,CHF,JPY,NZD is uptrending overbought

Hence opportunities for those trades involving USD long and EUR short

EURAUD Sell( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatorUSD long and EUR short

  •  Trend bar is pointing down showing down trend
  • Wave and Extreme bars are overbought pointing an up correction that may be finishing
  • A strong down move
  • An up correction of 70 pips that seems to have finished and the down trend resuming

EURUSD Sell( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatoreurusd 2014.27.10

  •  Trend bar is pointing down showing down trend
  • Wave and Extreme bars are overbought pointing an up correction that may be finishing
  • A strong down move
  • An up correction of 100 pips that seems to have finished and the down trend resuming

NZDUSD Sell( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatornzdusd 2014.27.10

  •  Trend bar is pointing down showing down trend
  • Wave and Extreme bars are overbought pointing an up correction that may be finishing
  • A strong down move
  • An up correction of 90 pips that seems to have finished and the down trend resuming

USDCHF Buy( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatorusdchf 2014.27.10

  •  Trend bar is pointing up showing up trend
  • Wave and Extreme bars are oversold pointing a down correction that may be finishing
  • A strong up move
  • An up correction of 70 pips that seems to have finished and the up trend resuming

USDJPY Buy( 4 HOUR)

Looking at the Trend/Wave/Extreme  mini indicatorusdjpy 2014.27.10

  •  Trend bar is pointing up showing up trend
  • Wave and Extreme bars are oversold pointing a down correction that may be finishing
  • A strong up move
  • An up correction of 70 pips that seems to have finished and the up trend resuming

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.