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This page will be updated regularly with up-to-date monthly, weekly and daily charts. You can find HERE a description of the chart template used.
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May 25, 2013: Last week I wrote: "The slight preference for the move down in my previous comment was what happened the past week, ending close to the S1 pivot support level. We should now expect a further move down below the previous 1.2750 low towards the low side of the down moving pitchfork. Before that happens, there may be some up reaction back towards the 50 and 200 day average and the PP pivot point.".
We got what we more or less expected: some up reaction back towards the 50 and 200 day average and the PP pivot point. There is resistance from the 50 and 200 day moving average, the upper side of the down moving pitchfork and the PP pivot level. We should expect a move down the coming week. US markets are closed on Monday for Memorial Day.
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May 25, 2013: last week I wrote: "A bit as expected, the 100 week average was a too strong resistance. We had a further move down, breaking the 50 week average. We should now expect a further move down below the last low towards the median line of the down moving pitchfork.".
After 2 weeks moving down we had an up reaction the past week. We have a bullish harami candle pattern. This may be an up turning point if confirmed the coming week. With the Euro in the middle of the volatility channel and between the 50 and 100 moving average and the indicators around their median level, next week's move can go any direction. I guess down has a better chance.
May 4, 2013:
Last Month I wrote: "My previous month estimate of 1.2880 was not the end of my expected reaction, closing the month (March 28) at 1.2816. The coming month will probably bring the Euro moderately lower towards the lower side of the up moving pitchfork and possibly the median line of down moving pitchfork. ".
There was enough support from the low side of the up moving pitchfork closing the month of April higher. May started with a lower Euro. There are no clear signs for the month of May. I think best is to follow the expert showing a down move.
The long term SVEPRExp expert is black for a long term short position (Chart is updated until 5/24/2013).