Sunday, 10 May 2015

Weekly Signal : 11 May 2015 - 15 May 2015

My analysis for this week:


1)STILL UPTREND. Price bounce off from the 200MA lines and go as high as 1.55 line. It did broke last week highest price. This pair will go once again into neutral area if going back to 1.5350. (still uptrend, didnt touch 5350)

Downtrend could be seen if price hit 1.5245


1)SIDEWAY. Its hard to tell where this pair will go on next week. Both bull and bear pulling each other and only fundamental news can enhance and confirm the trend. But the downtrend is there, because highest price on friday (during NFP) didnt break highest price 1st May. That means the wave on 1.1390 is completed. If price still going up and hit 1.14, next target could be 1.15. (hit 1.14)

On the other hand, if price hit 1.11 and breaks 1.1067 it will confirming downtrend and nearest target is 1.10.


1)SIDEWAY. Unlike EURUSD, this pair managed to hit 135.39, higher than top price on 1st may. Meaning that the upward momentum is still there. The beginning of downtrend can be seen near 132.95.
(went up nicely)

Dont take profit too much!

Signals above according to IKOFX graph.

mmaker -

1 comment:

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