Saturday, September 8, 2012

September 8, 2012 The EUR break the upper boundary of the down trend channel




At last, What we were waiting for the last three months were achieved yesterday.

The EUR/USD price break the upper barrier of the down trend channel Announcing the end of the down trend and the possibility of either the sideways or an uptrend.

If . . . 
The macd indicator move near or very close to its zero line . . .
The Trix indicator also move near or very close to its zero line . . .
The ADX indicator is declining or move near or most likely below its 20 line . . .
The 20 days simple moving average is moving horizontal . . .

So . . . the trend probably is a sideways , in this case i would recommend to use the [ Stochastic oscillator (9.5,3) over bought over sold strategy with the crossing strategy ] and the Bollinger Bands to gain profits.

Otherwise . . . You know what to do in an uptrend : buy and hold till the indications of weakness begin to appear.

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