Wednesday, June 5, 2013

5th, Forex Analysis

After a corrective phase, there are several assets that could confirm bullish continuation patterns to implement the strategy 1-5. In the three charts that I have reviewed, the "modus operandi" would be the same.

- Wait an overcoming to higher levels from the point marked "4".

- The breaking of trend lines forming bearish figures would be a good clue too.

- If instead, points "3" are lost on each graph, the strategy would be annulled.



For the German index (Dax 30), the overcoming of 8396,5 would confirm the bullish strategy.



For the USD/JPY breaking the 100,43 level would give us the signal for an upward trend.


For the EUR/JPY, the key point is 131,42.

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