Positive Failure Swing by the Relative Strength Index - EURUSD - December 23, 2011

A positive buy signal occurred by the RSI indicator which is the positive failure swing , one bottom is under line 30 in the oversold area and the second bottom is above the line 30 , the RSI break the neck line between the two bottoms upwards which is a positive sign , this RSI formation is very quick but very strong "look at the historical performance of the RSI concerning this issue."

EUR/USD December 16, 2011

The difference between the technical analyst and any other investor is that the technical analyst wouldn't surprise if the market moves contrary to his expectations, he knows how to act and what to do.


Here are a list of an indicators that expected the previous move of the EUR/USD.


1- 20 days simple moving average.
2- Stochastic Oscillator (9,5,3).
3- Positive DI & Negative DI.
4- Bollinger bands.


and here are the charts photos for the previous indicators behavior.

And here are a list of a leading indicators that should predict the next coming move of the EUR/USD.

1- MACD.

2- MACD Histogram.

3- Trix Indicator.

and here are the charts photos for the previous indicators

And here are a chart showing the next support level

EURUSD is forming a cycle bottom

http://www.forexcycle.com/eurusd-analysis/38079-eurusd-analysis-december-10-2011.html

EUR/USD sentiments December 09, 2011

Why analysts are bearish about euro/usd but I don't !

Most technical analysts see the downward trend of the euro on charts with different time frames, and also there are the fans of Fibonacci, they see it as the greatest mystery of the universe and markets prices as well.

For this we will reveal the methods of these analysts by showing the charts which is the best way to express their analysis:

But however I agree with them about the fact of the downtrend in euro and the genius Fibonacci lines, but these are not my preferred methods to gain and make profits from the financial markets in General.

I preferred to discover the bottoms and peaks, whether within the bearish downtrend trend or within the uptrend and determine the move which is a part of the trend through the overbought-oversold indicators.

In summary I am waiting the beginning of a potential weekly upward move to buy euro.

EUR/USD "Rising movement will extend for weeks"

This Willaims % R indicator was moving in the over sold area under the line (-80) or nearby, but noticed that on the daily chart there is a significant purchasing power have led the Willaims % R to rise above the line-50, which represents the median line between oversold and overbought areas.

As for the weekly chart, Willaims % R remains below-80 which means is in the oversold area and it portends an upward movement may extend for weeks to any breakthrough line-80 up and that's what i am waiting.

Chande momentum oscillator featuring that its signals are rare and therefore they are powerful,its signals is in the overbought and oversold areas, as we noticed that on the daily chart the indicator reach the line (-50) wich means an oversold area prices witnessed, it portends the beginning of a new bullish movement, and as for the weekly chart the Chande momentum oscillator is far from the oversold area, but at the same time do not forget that it is under the (zero) line, which represents a median line between oversold and overbought areas and in the case of breaking up the (zero line) would be a good buy and this is what i am waiting.

As for the Intraday momentum index is also have a scarce signals, it supports Willaims % R and the Chande momentum oscillator.

In summary, despite the end of the falling wedge formation, price breakthrough for the upper boundary of the formation representing a buy signal but this movement is a short and will last for days only, but indications predict an advent of a rising movement will extend for weeks and that's mean more profit, and therefore I think you should wait for this movement and postpone the buy decision.