Momentum and trend is sideways.
On the Daily Time frame
- Moving averages sideways
- Upperside of range is 1.6558 and bottom side of range is 1.6111
- Centre line at 1.6340
- MACD is above zero line but in red. Slight downside pressure.
On the H4 chart
- Price within a triangle.
- Currently looking to test the upper side of the triangle. Possible upside at 1.6475
- MACD is in green and rising but still below the zero line.
Conclusion
- Apply range trading strategies.
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Download my Forexachievers Signals App from the Apple store here: apps.apple.com/sg/ap...signals/id1312396005
Download my Forexachievers Signals App from the Google App store here: play.google.com...re/apps/details?id=com.for...
Cheers!
Ardy
Founder /Chief Currency Strategist
www.forexachievers.com
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On the Daily Time frame
- Moving averages sideways
- Upperside of range is 1.6558 and bottom side of range is 1.6111
- Centre line at 1.6340
- MACD is above zero line but in red. Slight downside pressure.
On the H4 chart
- Price within a triangle.
- Currently looking to test the upper side of the triangle. Possible upside at 1.6475
- MACD is in green and rising but still below the zero line.
Conclusion
- Apply range trading strategies.
--------------------------------------------------------------------------------------------------------
Download my Forexachievers Signals App from the Apple store here: apps.apple.com/sg/ap...signals/id1312396005
Download my Forexachievers Signals App from the Google App store here: play.google.com...re/apps/details?id=com.for...
Cheers!
Ardy
Founder /Chief Currency Strategist
www.forexachievers.com
--------------------------------------------------------------------------------------------------------
Founder of www.ProTradersNetwork.com, home of the TMG Titan traders who uses TMG Titans Pro Tools developed by Ardy.
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
