Bullish EURUSD Comment
Well all,. Someting to keep an eye out for on the #USDCAD is trading @ 1.32317 today.. which is above yesterday’s close .. If we bare in mind the strong up Trend (view chart above).. and the fact that we had 4 consequent up bars the following result should be considered…result: based on our trading strategy we might hint for a Long market through the coming days… Important Reminder: stay away form Short trades on the #USDCAD through the coming days!
On the other hand, EURAUD is holding well above the long term 200 days simple moving average (thats why we dont recommend any short trades on the EURAUD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
As per above general BULLISH trend on the EURUSD; ONLY LONG TRADES TO BE CONSIDERED following completion of any counter trend falling correction on the 60-minute chart (follow the charts below).
“only LONG trades to be considered”
EURAUD Buyers to Sellers Ratio (trend summery)
EURAUD continuation vs reversal probability
EURUSD Trend Summery
EURAUD Trend Summery table (information are tai to release time – monitor change conditions)
EURUSD Midterm Trend
EURUSD Daily chart showing Midterm Trend Summery