Calendar

Tuesday, August 12, 2008

USD Long positions take note

the trend of USD bulls might be ending soon as macd divergence has been noted on 4hr of several currency pair. this is not to say that u should short usd now but u might wanna close your longs as macd divergence do mean a stop of a trend but not necessary a change of direction.


EUR/USD MACD Divergence.

GBP/USD MACD Divergence

USD/CHF MACD Divergence

USD/JPY MACD Crossover

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I shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by me that you will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.