bobmarley888

bobmarley888

EURUSD is in a strong uptrend, which almost completely offsets the previous downward movement. As the price was reversing moving averages were also making a reversal, so I managed to make several good deals on the price spread. Now the growth continues and moving averages are heading upwards, nevertheless prices are already too high and it’s risky to keep buying,...

bobmarley888

GBP/USD is analogous, except for the fact that GBP broke the boundary upwards, however the trend didn’t continue, which suggests upward movement is unlikely, so I would recommend to follow counter signal, i.e. moving average crossover, as well as to pay attention Fibonacci time zones and correction zones for EUR/USD pair.

bobmarley888

Currently EURUSD is in 1.23500-1.25000 range. As we use trend system, it is no use value of moving averages. It is required to wait when it will be out of range, i.e. when 1.23 or 1.25 range will be broken, but we run the risk to get to the end of the trend, therefore, I recommend to enter the position after crossing MA, on the way to 1.25 boundary. Additionally,...

bobmarley888

Situation with gold is rather complex since we are in the narrowing channel for EUR/USD, GBP/USD. Gold trends are more volatile so you can try both to long and to short using moving averages. It is more reasonable to find entry points for short because gold is on local lows and bound is possible, so I recommend you to find long points on moving averages crossover.

bobmarley888

Gold continues to fall and it is likely that this powerful downtrend will continue the next few days, but we must be careful and cautious, because minimum of 58 traded repeatedly on the premarket and therefore we may see a short-term bounce upwards, which may turn into major uptrend when the upper boundary will be broken.

bobmarley888

USD/CHF situation is similar to that of EUR/USD, so we wait the price to get out of 0.96-0.96 range. If the price will break up the corridor, we recommend to long, and if the price will break down the corridor, we will short. But it is worth remembering that it is required to wait for the retest and return to average prices before opening. Exponential moving...

bobmarley888

Moving averages crossed towards the rising trend, respectively, it is time to trade and the search for the best points to buy, and the best points are the minimum prices at the approach to the a moving average crossover. Despite of this fact, if we look at the situation more globally, we will see that since the end of last week the price of EUR/USD pair is in...

bobmarley888

USD/CHF situation is similar to that of EUR/USD, so we wait the price to get out of 0.944-0.951 range. If the price will break up the corridor, we recommend to long, and if the price will break down the corridor, we will short. Exponential moving averages with periods of 24 and 12 are used for trading by EURUSD trend. Trading is carried out only on the hourly...

bobmarley888

Today we followed yesterday's signal to long, currently moving averages show that the market is flat, so I will expect the price to get out of 1.2700-1.27600 range. Exponential moving averages with periods of 24 and 12 are used for trading by EURUSD trend. Trading is carried out only on the hourly timeframe. EMAs like dynamic support and resistance levels are used...

bobmarley888

Exponential moving averages with periods of 24 and 12 are used for trading by EURUSD trend. Trading is carried out only on the hourly timeframe. EMAs like dynamic support and resistance levels are used to define buy/sell signals, and intersections of moving averages are also taken into account. Currently the market is on the upside, we will be long of the market...

bobmarley888

/////////////