Follow the USD decline (10/10/2014)

The USD decline pauses

The USD decline observed since Tuesday paused and USD managed to recover some of its loses . Hence this provides opportunities to sell USD at better prices.

currency power 20141010

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.

Compared to yesterday’s Currency Power Readings

  • JPY is getting very strong, just as like what we predicted
  • USD managed to recover significantly from the score of 2.0
  • AUD and NZD lost some ground after being overbought and following the rise in USD,JPY

We will try to find opportunities to sell USD against other currencies

EURUSD (H4) BUY

The Trend/Wave/Extreme mini indicator is showing

EURUSD technical analysis

EURUSD 2010/10/10  technical analysis

  • The Trend Bar is Green filled pointing Up Trend
  •  Wave and Extreme Bars are Red filled pointing a down correction that may have finished
  • A solid Up Trend Line
  • Correction so far has been 120 pips

USDCHF (H4) SELL

The Trend/Wave/Extreme mini indicator is showing

usdchf 20141010

USDCHF 20141010 technical analysis

  • The Trend Bar is Red filled pointing Down Trend
  • A solid Down Trend Line
  • Correction so far has been 90 pips

AUDUSD (H4) BUY

AUDUSD 20141010 technical analysis

AUDUSD 20141010 technical analysis

The Trend/Wave/Extreme mini indicator is showing

  • The Trend Bar is Green filled pointing Up Trend
  •  Wave and Extreme Bars are Red filled pointing a down correction that may have finished
  • A solid Up Trend Line
  • Correction so far has been 150 pips

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.