Overall still in consolidation ... wait in see mode. You know what's going if you follow the news these two days ... Let's see how the data will unfold in the next few days ...
AUD and CAD hit MA20 and is reversing ...
GBP is actually testing MA20 on the weekly chart.
JPY found a trendline support.
EUR continues its upward move S/R is a bit far away.
I'm busy testing my automatic strategies ... It's really fun to watch how it goes!
Nevertheless, let's take a look of the market while backtesting.
Not good, unfortunately for bulls. The support has broken. The MA20 on the weekly chart would be very likely to be visited in the coming weeks, if and only if this week is close below the support. Apparently it has to be a bear bar.
greenback 发表于 2013-6-6 09:33 AM
Hope you made a great profit on EURO!
Thanks!See,that's the problem. I only made half of what I had planned. It's a perfect exmaple to demonstrate that trading is not relevant with forecasting.
Just launched my auto traders ... let's see how the real time simulation goes.
Again, let's have a brief recap. Bulls did a great job today, but still not out of woods ... I bought dip in the IYR fund, which rebounded strongly at MA200 on the daily chart. I'm converting the short bond fund into PETDX instead.