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Forex 4 Hour Strength Formula Update

NZD>NOK>AUD>CAD>EUR>DDK>SGD>CHF>GBP>SEK>RUR>HKD>MXN>ZAR>USD>JPY

05/01/09 Eur/Usd “Daily Support Slide” Update

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Eur/Usd can’t get pass Daily Support because it’s too strong and is simply “Sliding” against it. Daily Support is very bullish as Monthly Resistance is right up at 1.337.

What I have learned about my Isolation strategy, is when there is Full Support and Less Resistance, the price seems to correct that ratio by navigating away from the Full Side and create more of the opposite barrier. Vice Versa with Resistance.

At the moment I assume that Eur/Usd is trying to Create Daily Resistance which will later on turn into WeeklyResistance.

Buy and set stops to 1.3275, and set limits to 1.337

Picture Below,

090501eurusd.gif

05/05/09 Eur/Usd “Monthly Resistance Bounce” Update

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SELL, Eur/Usd has hit monthly Resistance and is now bearish somewhat.

Next target is Daily Support at 1.327 and beyond.

The reason I say Beyond is because Daily Support is on its 5th day, whereas thursday it will change into Weekly Support. Well in my theory 2 Weekly Supports cannot exist at once, therefore Eur/Usd is in course to correct that. Before thursday is over with, Daily Support will find a new low to match and stretch back to where Weekly support started(4/22 at 1.288)  or cancel out. That new LOW would have to be 1.31 Even or lower.

Sell, Sell, Sell.

Pictures Below,

090505eurusd.gif

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Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

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Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

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Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

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