How Long Are The Technical Analysis Are Valid For ??
With the technical analysis for currency trading, you note it as short-term (intraday). For example, with the euro, your comment is:
1,5717. EUR USD broke 1,5700 resistance. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,5740. If the resistance is broken then the target will be 1,5850.
Is the bullish pressure on euro just for that day (4/4) or a longer term, say several days to one week? I am just euro as an example. I would like to know how to interpret your forex analysis in general
REPLY
All technical analysis are valid for 1 to 12 hours. I based my signals on hourly charts. I think that with more than 12 candles the configuration could be completly changed.
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07-28-2008, 01:35 AM
Linear Mode
