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EUR/USD

EUR/USD in a long term downtrend?!

Bayesian Probability |

Sun, 08/05/2011 - 12:02

On a monthly chart it looks like the EUR/USD pair has entered into a long term downtrend

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Tags: EUR/USD, Currency

Once per month EUR/USD has an ID/NR4 day - as yesterday

Bayesian Probability |

Sat, 30/04/2011 - 15:38

EUR/USD Daily Inside Day Narowest Daily Range

Breakout mode setup on EUR/USD.

On Friday EUR/USD had an ID/NR4 day. An inside day (ID) has a higher low than the previous day's low and a lower high than the previous day's high. An NR4 is a trading day with the narrowest daily range of the last four days. Historic data shows that in the last 24 months it has occurred 30 times with the EUR/USD pair (on average 1.25 times per month).