We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the EURUSD Forex pair (EURUSD).
I hope you are having a GREAT week !!!
The EURUSD is moving higher, so let's take a look at the EURUSD chart this week.
With Forex we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing. With the recent big move higher, the monthly Trade Triangle is green and that is added confirmation that the EURUSD, might continue higher from here.
The MarketClub score of +100 is bullish and the MACD is on a buy signal, so all systems are GO for higher prices. Continue reading "Chart to Watch - EURUSD"