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EUR/USD Visual Review

By:

Moshe Shalom

2010-05-01 13:33:00 GMT

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General Trend:
UP

Current Trading Plan:
Short: Under red line.
Long: Since 1.4400
Exit position: 1.4350

Technical Indicators Notes:
The pair is continuing its corrective process. The daily 20 SMA has been an obstacle, but the RSI and MACD setups in both timeframes, are showing a continuing positive outlook for the long side.

Graphic Legend:
Simple Moving Average (20) – Green
Support & Resistance price areas: Brown
Trend lines and Channel Boundaries: Blue
Indicator trend lines and effects: Magenta

Signals:
Lines to enter short on break down: Red (wide)
Lines to enter long on break up: Green (wide)
Lines to exit position on crossing: Cyan (wide)

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Content Provided by:

Moshe Shalom
CIO Green Wave Capital Inc, [INFO@GreenWaveCap.com] For the last 25, I have been involved in many of the aspects of the Financial Markets, while lately I concentrate on the implementation and education of Technical Analysis trading techniques, for private and coorporate clients.

Disclaimer:
By no means do any part of this analysis recommends, advocates or urges the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author and his company express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. The content of this analysis was created with the best known data at the time. The writer and his company are not responsible for the accuracy or completeness of the mentioned data. The writer is not a registered consultant of any kind and so the reader should not see any single part or the whole analysis as an advice for any kind of action in the financial markets.

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