WEEK ENDED 18.4.2014

Well EURUSD and USDJPY both behave in similar fashion.
Continuing from last week's chart, EURUSD now has a floating loss of 65 pips.
Whereas USDJPY shows a floating loss of 65 pips too approximately. Both surviving its Stop Loss of 200 pips. Let us see where does this zig zag market pattern will continue for how long before a breakout.

WEEK ENDED 11.4.2014

Well, another see-saw zig-zag moment. A Buy signal was triggered. I would write-off the last week signal on sell and focus on this new buy signal with Stop Loss of 200 pips. Entry could be around 1.38685. Let us see how it performs at the end of the day.

Another interesting Sell signal developing for USDJPY, possible entry at 101.71. Previous Buy signal was a failure. It seems Hourly signal is more erratic. 4 Hour and Daily chart signal would be a wiser bet.

WEEK ENDED 4.4.2014 (PART II)

An interesting story for EURUSD.

Our earlier entry was at 1.37660. Price peak to a high (with a Buy signal) of 1.38198 (floating loss of 54 pips) and thereafter it went south to closed at 1.37023 (floating gain of 64 pips). Well, not too bad our Stop Loss of 200 pips was not breached yet.

For those a little impatient, could have entered a Buy at 1.38198. This could happen especially in hourly chart such as this. Be prepared for zigzag multiple false signals.

Let us see if EURUSD can go further south.

WEEK ENDED 4.4.2014 (PART I)

Let us begin. This do not look too good.
It seems to us that GBPUSD, GBPJPY and USDJPY shows sign of a false signal of SELL and reverses.

This week GBPJPY generated a buy signal though it remains where it will goes since week ended  near the Buy entry signal price of approximately 171.68 - closing at 171.09. Remember, set a Stop Loss of 200 pips just in case the market goes into zigzag mode.

GBPUSD behaved in similar manner with a new buy signal but it fails to hold its ground. Entry around 1.6647 and week ended low of 1.6566.

USDJPY fared better with its buy signal maintaining a upward trend with entry around 103.16 and week closed at 103.26. If the price breached its upward trend line next week, we shall see a round of downward trending.

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