The EURUSD moved lower this week decidedly. On the weekly chart, the uptrend trendline since 3/23/2020 is broken. The Parabolic SAR signaled the trend change a few ago. Now, it is confirmed by the broken trendline. We’ll probably see the euro move lower against the dollar in the coming weeks….
Category: Forex
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S&P 500 V.S. U.S. Dollar Index Forecast: A Reversal?
The 2-year chart below compares the S&P 500 index to the US Dollar index, and one thing is clear: when one goes up, the other goes down-except that one followed the other between 1/31/2020 and 3/9/2020. The USD and the S&P 500 generally move in opposite directions. S&P 500 stocks are…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results – 1/28/2021
There has been 1 trade from my MT4 EA since the last update. It was a loss. The U.S. dollar overall average was at a rating of 88% – SELL. The EURUSD current support / resistance levels are: 3rd Resistance Point 1.22090 2nd Resistance Point 1.21753 1st Resistance Point 1.21480 Last Price…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results – 1/27/2021
There has been 1 trade from my MT4 EA since the last update. It was a loss. The U.S. dollar overall average was at a rating of 88% – SELL. The EURUSD current support / resistance levels are: 3rd Resistance Point 1.22783 2nd Resistance Point 1.22239 1st Resistance Point 1.21676 Last Price…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 66
1 trade has been closed since the last update. The total realized loss is $223. Last week, we ended at $1831 in losses minus interests and fees. After the loss this week, that brings our total net loss to $2054 minus interests and fees. The strategy can be found here. The previous…