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. The daily chart paints a… Continue reading EURUSD Weekly Chart – Broken Trendline
Category: Forex
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 valued in USD. When the… Continue reading S&P 500 V.S. U.S. Dollar Index Forecast: A Reversal?
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 1.21479 1st Support Level 1.20870… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results – 1/28/2021
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 1.21322 1st Support Level 1.20569… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results – 1/27/2021
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 week’s result can be found here.
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 65
1 trade has been closed since the last update. The total realized loss is $223. Last week, we ended at $1608 in losses minus interests and fees. After the loss this week, that brings our total net loss to $1831 minus interests and fees. The strategy can be found here. The previous week’s result can be found here.
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 64
1 trade has been closed since the last update. The total realized loss is $222. Last week, we ended at $1386 in losses minus interests and fees. After the loss this week, that brings our total net loss to $1608 minus interests and fees. The strategy can be found here. The previous week’s result can be… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 64
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 63
1 trade has been closed since the last update. The total realized loss is $223. Last week, we ended at $1163 in losses minus interests and fees. After the loss this week, that brings our total net loss to $1386 minus interests and fees. The strategy can be found here. The previous week’s result can be… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 63
The U.S. Dollar Took a Hit Today as the Treasury Yields Softened
The EURUSD moved higher after the U.S. CPI results failed to meet the consensus. The EURUSD moved up after the U.S. CPI report. The consumer prices rose at a monthly 0.1% and 2.3% over the last twelve months, which came in below the expectations. The euro recently found its footing near 1.1430 and had risen… Continue reading The U.S. Dollar Took a Hit Today as the Treasury Yields Softened
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 62
3 trade has been closed since the last update. The total realized loss is $669. Last week, we ended at $494 in losses minus interests and fees. After the loss this week, that brings our total net loss to $1163 minus interests and fees. The strategy can be found here. The previous week’s result can be… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 62